Automobile Association: This year car sales growth may be negative growth

Posted on 9/11/2015 3:04:32 PM

China Association of Automobile Manufacturers today announced data show that this year China's auto sales and year-ago quarter, negative growth clues have emerged, do not rule out the end of the year negative growth in car sales possible.
January to August this year, car production completed 15.1824 million, down 0.24 percent, car sales completed 15.0172 million, essentially flat with last year, for this situation, China Association of Automobile Industry Information Department Director Chen Shihua with a rare two words to summarize.
Chen Shihua: four months in a row now car sales lower than the previous year, and the first eight months cumulative production and sales are also lower than the level a year earlier, although the cumulative growth rate is zero, basically the same, but in fact is lower than last year , a reduction of more than 100 vehicles.
China Association of Automobile Manufacturers do throughout the year is expected at the beginning of this year when car sales growth forecast at 7%, when in June, the situation has worsened, and the Automobile Association estimated the growth rate is expected to cut off half the 3% negative growth now clues have emerged, car sales for 2015 will end with a negative growth overall, the Deputy Secretary General of China Association of Automobile division Jianhua representation.
Teachers Jianhua: Speaking about the possibility of negative growth, macro-economic, stock market, the purchasing power related to our automotive industry, and if the situation has not changed, it is quite possible, on behalf of our association also asked the industry to the national authorities the proposal to revitalize the automobile industry, such as the purchase amount the city can you put some out, line the city's spending power is still very strong. Old cars out speed can not hurry, elimination of emission vehicles can no longer quickly, we are presenting our recommendations to the authorities.

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