{"id":148634,"date":"2020-06-08T14:36:37","date_gmt":"2020-06-08T18:36:37","guid":{"rendered":"https:\/\/www.thedetroitbureau.com\/?p=148634"},"modified":"2020-06-08T14:36:37","modified_gmt":"2020-06-08T18:36:37","slug":"china-passenger-car-sales-rise-slightly-in-may","status":"publish","type":"post","link":"https:\/\/thedetroitbureau.com\/2020\/06\/china-passenger-car-sales-rise-slightly-in-may\/","title":{"rendered":"China Passenger Car Sales Rise Slightly in May"},"content":{"rendered":"
\"\"<\/a>
Toyota is one of the many automakers that saw sales increases in China last month.<\/figcaption><\/figure>\n

China\u2019s auto industry continues to claw back from the coronavirus as companies saw a 1.9% increase in year-over-year sales in May with luxury cars leading the charge.<\/p>\n

The China Passenger Car Association said that premium and luxury passenger car retail sales rose 28% last month compared with year-ago results. That results are better than the organization predicted, accounting for 1.61 million vehicles sold.<\/p>\n

China\u2019s other automotive group, the China Association of Automobile Manufacturers, or CAAM, predicted an 11.7% jump in May; however, that organization also includes commercial vehicle sales in its results, which are expected later in the week.<\/p>\n

<\/p>\n

(China to remain critical automotive powerhouse.)<\/strong><\/span><\/em><\/a><\/p>\n

\"\"<\/a>
Tesla saw a massive uptick in May sales compared with its April results, rising 205 percent.<\/figcaption><\/figure>\n

Although May was a solid month, exceeded CPCA\u2019s forecast, the group believes that June sales will be down compared with last year\u2019s results, in some measure because last June was a strong sales month in the country.<\/p>\n

June may not be as impressive as May, the luxury and premium car market is expected to continue its growth. A Jaguar Land Rover executive said the luxury maker expects sales of China\u2019s luxury-car segment this year to be on par with \u2013 or even slightly above \u2013\u00a0last year\u2019s results despite the impact of the pandemic.<\/p>\n

Helping to push that that May sales number into positive territory was Tesla Inc., which sold 11,065 Shanghai-made Model 3 electric sedans in May \u2014 a whopping 205% leap compared to April.\u00a0Tesla sold just 3,635 vehicles in April, which down from 10,160 units in March, according to CPCA data. It should be noted that CPCA uses a different counting method than Tesla, which counts deliveries.<\/p>\n

(China car market rebounds from coronavirus crisis.)<\/a><\/strong><\/em><\/span><\/p>\n

Ford China also reported year-on-year sales growth for May with its Chongqing-based joint venture with Changan selling 23,491 vehicles last month, which is a 130% jump compared with a year earlier, it said last week.<\/p>\n

\"\"<\/a>
Ford’s line-up in China fared well in May as well as those vehicles in its joint-venture portfolios.<\/figcaption><\/figure>\n

Additionally, Jiangling Motors Corp, in which Ford owns a stake, said last week it posted a 32% increase year-over-year, selling 29,008 vehicles last month.\u00a0Ford is also enjoying strong results from its Lincoln luxury brand, which pushed past 5,000 vehicles sold, up 22%.<\/p>\n

Toyota said its joint ventures in China were up 20.1% compared with last May, moving 166,300 vehicles. Mazda sales blew up, rising 31.6% to 22,886 units. However, Honda did not enjoy the same level of success as its counterparts, reporting at 1.7% slide to 134,230 vehicles.<\/p>\n

(China trims back recently extended NEV subsidies.)<\/strong><\/em><\/a><\/span><\/p>\n

While the April and May results were good, sales through the first five months took a hit and CAAM expects January to May auto sales in China to fall 23.1% year on year to 7.9 million units.<\/p>\n","protected":false},"excerpt":{"rendered":"

China\u2019s auto industry continues to claw back from the coronavirus as companies saw a 1.9% increase in year-over-year sales in May with luxury cars leading the charge. China’s two leading industry associations are both predicting or reporting jumps in May, reports TheDetroitBureau.com.<\/p>\n","protected":false},"author":4389,"featured_media":144587,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[7,8,5],"tags":[],"make":[56,63,68,74,76,83,110,111],"post-state":[],"category_old":[118,150,151,123,287,133,131,248,238,241,265,261,132,198,129,283,139,148,128,207,206,278],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/148634"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/4389"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=148634"}],"version-history":[{"count":0,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/148634\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/144587"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=148634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=148634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=148634"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=148634"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=148634"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=148634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}