Chinese car market continues to grow noticeably in August

Positive prospects for car manufacturers in the People’s Republic: Despite the corona crisis, sales figures rose by around 8.8 percent compared to the previous year.

Volkswagen Foshan plant – (photo by VW)

The Chinese car market continued the better development after the corona lockdown in August. With 1.73 million cars, 8.8 percent more vehicles were sold to end customers than a year ago, as the industry association PCA (China Passenger Car Association) announced in Beijing on Tuesday. In July, sales were already up on the same month last year. Last week, based on preliminary figures, the association had spoken of an increase of around 10 percent.

The PCA counts the sale of cars, SUVs and smaller commercial vehicles to end customers. The manufacturers association CAAM (China Association of Automobile Manufacturers), on the other hand, also includes heavy commercial vehicles in its statistics and measures the sales of manufacturers to dealers. Here, the CAAM had announced a plus of 11.3 percent for August based on key data last week.

China is by far the most important single market for the German car groups Volkswagen (including Audi and Porsche), Daimler and BMW. The Covid-19 pandemic brought economic life to a standstill in China early in the year, but the car factories started up earlier than in Europe and North America.

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