In the past April, CCP’s auto industry has seen the largest decline in history. According to the automobile sales data released by the China Automobile Association, car sales in April were 965,000 units, down 43.4% from the same period last year, also 48.2% down from March. Such a large decline is never seen in CCP’s auto market.
Tesla, China’s largest electric car maker, plunged 97.7%, to only 1,512. In addition, SAIC Volkswagen also fell heavily, with sales of 30,008 vehicles in April, a decrease of 72.3% compared with 361,237 vehicles in the same period last year. Since 2022, the CCP’s automobile industry has been in an unprecedented predicament, the most direct reason is Xi Jinping’s “societal zero” policy against the pandemic.
From March to April, two major automobile cities, Changchun and Shanghai, stopped production, resulting in the breakdown of the automobile industry supply chain and the rise in raw materials prices.
Consumers’ enthusiasm for car purchases has also been severely affected by the long-term lockdown and isolation policy with interrupted income. May is nearing the end, sales data did not improve. Only 482,000 passenger vehicles were sold during the first half of the month, a 21% decrease compared with the same period last year. At the same time, the inventory level of dealers is still rising, and the operating pressure continues to increase. The winter of the CCP’s automobile industry has arrived.