new crown pneumonia epidemic in China has not completely subsided, January 2020 various car manufacturers sales rankings have been released, not surprisingly, most of the auto brand sales year on year decline, there are some manufacturers sales decline also very obvious but we also undeniable that, where there is part of the reason manufacturers sales decline with the new crown pneumonia epidemic is not completely necessary link. Here we come to the specific analysis.
First of all because the new crown pneumonia epidemic isolation at home, mainly occurs after the Spring Festival, so in January car sales mainly occur in the time before the Spring Festival. But after the Spring Festival, due to the epidemic, the state issued a lot of action, so that we rest at home, do not go out. Therefore, in the years after car sales is not as obvious, and that time in February sales decline will be more obvious.
But I believe that this is only a temporary decline in sales in the long run, Chinese consumer demand for vehicles is increasing, and this after the outbreak, but will consumers feel that there is a car more conducive to their health and safety, the car sales will grow bigger, so I think after the past when the epidemic, China’s overall car sales will pick up quickly.
First, we see the various car manufacturers have some decline in sales year on year, but there are some sales decline more obvious, there are some relatively slight sales decline, falling most notably SAIC-GM-Wuling sales in January 2020, only 80,088 units, down 42.4 percentage. In fact, SAIC-GM-Wuling in 2019 had already seen a more obvious decline, on the grounds that before cheap car based sales, has been everywhere in China four-tier cities and rural markets, with the upgrading of consumption, consumers for such vehicles reduced demand.
followed by Beijing Hyundai sold 66,085 vehicles fell 40.1 percentage. Hyundai Motor sales decline in 2019 is more obvious corporate, modern new SonataIt will be available in 2020. So now is the modern, just in a transition stage of a product. Further decline Great Wall Motor is also more obvious, January sales of 63,569 units, down 34.8 percentage.
However, in 2020 January still have sales of some companies is the emergence of an increase of, say, Guangzhou Honda, Chang’an Automobile, Dongfeng Honda, Guangzhou Toyota, Beijing Benz, sales of these vendors year is the emergence of growth where Dongfeng Honda sold 73,597 units, an increase of 21.3 percentage, Beijing Benz sold 67,572 vehicles, an increase of 18.8 percentage growth rate is still very obvious.
From this list, I think the impact of the new crown pneumonia epidemic on sales in January 2020, is not very Big. The reason is consumers when buying a car, most car before the Spring Festival, the Chinese New Year after car sales have never had so much.
but for pneumonia epidemic affecting automobile manufacturers are getting bigger, because there is no way for car production, late delivery of some orders, but there are some heavy new car can only postpone the listing. For manufacturers, the plant is shut down every huge economic losses day. And it is estimated Beijing International Auto Show in mid-April to late there is no way of opening on time.