China auto sales declined 6% in 2020

BEIJING — China’s sales of SUVs, minivans and sedans fell for a third year in 2020 as the coronavirus hurt already weak demand in the industry’s top global market, an industry group reported Wednesday.

Sales declined 6% compared with 2019 to 20.2 million, according to the China Association of Automobile Manufacturers. Sales of commercial vehicles rose 18.7% to 5.1 million.

In December, sales rose 7.2% over a year earlier to 2.4 million, down from November’s 11.6% growth. Sales of trucks and buses rose 2.4% to 456,000.

Even before the coronavirus hit, demand was hurt by consumer unease about possible job losses due to a slowing economy and Beijing’s tariff war with the United States.

The downturn hurts global manufacturers that are looking to China to drive revenue at a time of flat or declining demand in the United States, Europe and Japan.

It squeezes cash flow for global and Chinese

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US auto dealers expect uptick in new car sales in 2021

HOUSTON (ICIS)–US sales of new automobiles in
2021 are expected to rise by 7.2% over 2020,
the National Automobile Dealers Association
(NADA) said on Tuesday, after 2020 ended with
the industry experiencing its lowest full-year
sales total since 2012.

“The coronavirus pandemic certainly impacted
new light-vehicle sales in 2020, not to mention
the US economy as a whole,” said NADA chief
economist Patrick Manzi.

US Light vehicle sales

Dec-20 YoY% Jan-Dec 2020 YTD%
Total car 3.72 -16.8 3.39 -28
Total light truck 12.55 1.7 10.98 -10.4
Domestic light vehicle 12.66 -3.4 11.13 -15.6
Import light vehicle 3.61 -2.4 3.25 -14.2
Total light vehicle SAAR 16.27 -3.2 14.37 -15.3

NADA’s forecast for 2021 anticipates that lower
interest rates and lower unemployment amid the
current economic recovery will outweigh
headwinds from rising coronavirus cases, a
global shortage of semiconductor microchips
used in many facets of auto production and
tight supply at dealerships.

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China auto sales expected to grow in 2021

The world’s biggest auto market is set to resume growing after a three-year slide capped by the pandemic.

China’s new-vehicle sales will grow 4 percent to more than 26 million in 2021 as the world’s No. 2 economy continues to recover from disruptions caused by the coronavirus, the China Association of Automobile Manufacturers predicted last week.

China was the first country battered by the coronavirus and is expected to be the only major economy to have grown in 2020.

Car and light-truck deliveries are forecast to rise 7.5 percent to 21.7 million in 2021 while new commercial-vehicle demand will slip 10 percent to 4.6 million, said Xu Haidong, an official at the industry trade group. Sales of new electrified vehicles including plug-in hybrids and fuel cell vehicles will jump 40 percent to 1.8 million, he added.

New-vehicle demand in China grew for the ninth consecutive month in December, rising 6.4

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Auto sales steady but dealers wary of hurdles ahead

Passenger vehicle and two-wheeler sales in India rose for the fifth straight month in December as automakers moved to replenish dealer inventory after better-than-expected retail sales during the festive months of October and November.

Sales also received a boost from the low base of the corresponding month last year when companies witnessed a contraction in demand.

Also Read | Covid far from over in some states

Passenger vehicle sales grew 13.5 % from a year earlier in December to 252,998 units, showed data released by the Society of Indian Automobile Manufacturers (Siam) on Thursday.

Growing demand for affordable hatchbacks and compact sport-utility vehicles, or SUVs, in rural, semi-urban and some parts of urban India helped drive sales.

Note, automobile sales in India are counted as factory dispatches and not retail sales.

Utility vehicle sales grew 19.75% from a year earlier in December to 94,787 units, indicating a sustained rise in

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