Important for German manufacturers: the Chinese car market in may is on the upswing

sales increased compared with the previous month, according to estimates, around 12 percent to 2.14 million vehicles, as the manufacturers ' Association CAAM (

Important for German manufacturers: the Chinese car market in may is on the upswing

sales increased compared with the previous month, according to estimates, around 12 percent to 2.14 million vehicles, as the manufacturers ' Association CAAM (China Association of Automobile Manufacturers) announced on Tuesday in Beijing. However, sales in the first five months of the year, is reported to be still in decline: From January to may, a decline of 23 percent to 7.9 million vehicles. The CAAM measures the sales of passenger Cars and smaller commercial vehicles to the dealer. CAM car market of China, Domestic manufacturers are to real car giants

premiums for buyers boosted the market

In February, became the Chinese car market was due to the Corona-crisis literally collapsed. In March, the impact of the pandemic were felt similarly well, and the Numbers declined sharply. In the Wake of the Corona-crisis, many of the works were tight, also the car dealerships had closed their doors for a long time. In April, a significant catch-up move in China, but then put. The Chinese government has taken various measures to maue demand a boost. In the past two years, the largest car market in the world was contracted in each case. Competition for Kia, Skoda and VW: China's new compact Online car in the Test, the FOCUS of competition for Kia, Skoda and VW: China's new compact car in the Test

A full recovery of the market, suffered even before the Virus crisis of the downturn in the economy, the trade conflict between China and the United States, as well as the reluctance on the part of the buyer, according to the CAAM, but not sure. The manufacturers ' Association had warned in may that sales in China could drop this year by up to 25 percent. For the German automakers Volkswagen , Daimler and BMW, China is the single most important market.

sv/dpa-AFX
Date Of Update: 02 June 2020, 12:27

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