The Chinese car market has shrunk by 2018 in view of the tariff disputes between the United States and China for the first time in more than twenty years. The sales of passenger Cars plummeted in the country year-on-year by 6 per cent to 22.7 million cars, as the industry Association (PCA China Passenger Car Association) announced. For 2019, a further downturn, according to experts, if the trade dispute with the USA dissolves. How Often in the past, the Chinese government could intervene, for example, with tax relief to support the car market.
The US President Donald Trump from the fence broken trade dispute between the United States and China unsettled for the middle of the year, Chinese customers held back in the episode with the car purchase. In December, the car company sold 19 percent fewer cars than in the same month last year.
downturn is expected to continue to 2019 Fort
China is the single most important market for the German car companies. The premium manufacturers Daimler, Audi and BMW hold, however, comparatively well in the market: All three achieved despite the difficult circumstances, a year plus. Larger problems, especially the mass producers: The brand VW was in for deliveries in the first eleven months of 0.5 per cent in the Minus.
Also for the year that has just begun, many experts currently expect a further downturn. Analysts of the US investment Bank Goldman Sachs estimate, the Minus in 2019, seven percent.
The Deputy head of the State development and Reform Commission, Ning Jizhe, announced in the Chinese broadcaster CCTV on Tuesday night, a bundle of measures to promote the car beyond the gridlock-prone mega-cities with the population of the country. Shares of the Chinese manufacturer Geely picked up in Hong Kong, then to more than eight per cent, those of Great Wall Motor climbed by more than nine per cent.