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According to the information released by the China Association of Automobile Manufacturers on the 11th, the overall production and sales of automobiles in China continued to grow steadily in the first quarter, but the market share of China's own-brand automobile has dropped for seven consecutive months.
From January to March, China produced 5.917 million vehicles and sold 5.9223 million automobiles, which represented a year-on-year increase of more than 9%. However, Chen Shihua, director of the Industrial Information Department of the China Association of Automobile Manufacturers, said that the performance of Chinese brand cars is still not satisfactory.
Chen Shihua: The market share of China's branded passenger vehicles continues to continue its downward trend since September of last year. Last month was for 6 consecutive months, plus this month was the seventh month. In the entire first quarter, the share of Chinese branded passenger cars fell by 4.5 percentage points compared with the same period of last year. In the first quarter, the share of Chinese branded cars decreased by 6.2 percentage points from the same period of last year.
For the current situation in which the Chinese brand cars have fallen steadily in the domestic market, Dong Yang, Secretary-General of the China Association of Automobile Manufacturers, analyzed that: After the competition of foreign brands has been demonstrated, they have continued efforts and investment, and there are still many “backhandsâ€. "Overall, the situation is not optimistic. Therefore, we call for not to increase the competitiveness of foreign brands in China in terms of policies. Cooperation between Chinese brands is much weaker than cooperation among large foreign companies, FAW, SAIC, Dongfeng, BAIC, and so on. Changan and Chery have few cooperations between Chinese brands.
