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DmitriMA

3,978 Posts.

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09/07/24

19:34

Post #: 74678514
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Originally posted by 1ronnie: ↑

...China auto sales aren't doing great.

...It was never sustainable if the Chinese don't feel financially secured.

Toyota China sold 152,100 vehicles in June, -12.9% y/y.
Honda China sold 68,966 vehicles in June, -39.0% y/y.
Nissan China sold 52,852 vehicles in June, -23.6% y/y.

https://x.com/Sino_Market/status/1810305928639733911

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Not quite.
That would be catastrophic if it was the whole story.
Gotta look under the hood a bit there (pun intended)...

China's own brand New Energy vehicles are taking up the slack, so the TOTAL vehicles sold in China - actually up YoY.

Last edited by DmitriMA: 09/07/24
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0 Great analysis

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