国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Motoring

Chinese-brand vehicle sales slump in August

By Wang Junwei | chinadaily.com.cn | Updated: 2018-09-25 16:20
Share
Share - WeChat
The Roewe RX8 on show at an auto expo in Shanghai. [Photo/VCG]

Chinese-brand vehicle sales in the passenger car market stood at 684,000 units in August, down 11.1 percent year-on-year and falling by 2.8 percentage points to a 38.2 percent of total market sales. This is the lowest in four years, according to the China Association of Automobile Manufactures.

Chen Shihua, assistant to CAAM's secretary-general, said the 40 percent market share is an important symbol of the market condition for self-owned brands. "When the market is not performing well, those companies are under pressure in terms of their product," Chen said.

Passenger car sales fell 4.6 percent in August to 1.79 million units from a year earlier, and sales of sedans, SUVs and MPVs decreased by 3.4 percent, 4.7 percent and 13.6 percent respectively compared to a year before.

The sales decline of SUVs, especially Chinese brands, reflects the changing needs of customers in China's fifth- or sixth-tier cities. "The low-end self-owned SUVs target people in those cities, which contribute to the increase in China's auto market, and that's why the total automobile sales fall," Xu Haidong, another assistant to CAAM secretary-general, said.

In addition, since the beginning of this year, luxury cars captured the market of joint venture brands through price cuts, which leads to competition with self-owned brands through further price reduction. Those local brands, however, cannot afford to reduce their price to a lower level, Beijing Business Today reported.

"Those weak companies may fall, and there will be mergers and acquisitions in the end," Xu said.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
根河市| 信丰县| 大冶市| 贵定县| 留坝县| 比如县| 宜州市| 翁源县| 利津县| 宜黄县| 鄂托克旗| 东港市| 历史| 景泰县| 西乡县| 河源市| 乐清市| 阳泉市| 堆龙德庆县| 太仆寺旗| 和顺县| 健康| 丽江市| 海阳市| 故城县| 内江市| 缙云县| 沙湾县| 宁德市| 莎车县| 唐河县| 河北省| 全州县| 三都| 四会市| 鄂托克前旗| 蒲城县| 漳平市| 岗巴县| 南通市| 蒲江县|