Automobile industryresearch report

Automobile production and sales data and operation of automobile industry in 2020 From China Automobile Industry Association

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The following is the Automobile production and sales data and operation of automobile industry in 2020 From China Automobile Industry Association recommended by recordtrend.com. And this article belongs to the classification: Automobile industry, research report.

According to the sales data released by China Automobile Industry Association (hereinafter referred to as “CAAC”) in 2020, China’s automobile production and sales reached 25.525 million and 25.311 million respectively, 2% and 1.9% lower than that in 2019. Among them, the production and sales of passenger cars were 1.994 million and 1.078 million, down 6.5% and 6.0% year on year.

Despite the negative growth of China’s auto market for the third year in a row, under the severe impact of the epidemic in the first half of the year, the decline of production and sales in 2020 is significantly narrower than that in 2019. China Automobile Association said that “the market recovery has greatly exceeded expectations”.

From the perspective of market segments, thanks to the state’s efforts to promote the development of new infrastructure, the commercial vehicle market will take the lead in accelerating in 2020, with a substantial growth in annual sales. The passenger car market will continue to grow from May 2020. Since July, the monthly sales volume of new energy vehicles has continued to show a substantial growth year on year, and the annual sales volume exceeded 1.3 million for the first time. After ending the downturn of the first eight months, automobile export began to recover since September, and the export volume in November and December set a record for two consecutive months.

In 2021, it is expected to achieve a restorative positive growth, with car sales expected to exceed 26 million, a year-on-year growth of 4%.

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