The Chinese market began in 2019 with the sharp decline due to the collapse of markets in the province

19 February 2019

Car sales in China in January fell by 16%, and passenger cars by 18%

 Sales of new passenger cars in China fell for the seventh consecutive month in January decreased by 18% to 2.02 million cars and LCVs, which was the sharpest decline since July of 2018.
Economic growth in China continues to slow, as a result, the demand for passenger cars and light commercial vehicles declined significantly in small towns, and not places, and across the country. Fell attendance of dealers, despite the fact that January have the biggest discounts manufacturers and dealers in anticipation of the Chinese New year.
According to the China Association of automobile manufacturers (CAAM), last month there was a noticeable decline in sales in all major segments of the automotive market.
Thus, the demand for minivans (MPV) fell by 27% to 129,6 thousand, and delivery vans fell by 26% to 26.4 thousand
Sales of crossovers and SUVs (SUVs) fell by 19% to about 878,9 thousand cars Delivery models (Cars) fell by 15% to 986,2 thousand
Delivery of new commercial vehicles including trucks and buses also fell by 2.2% and amounted to approximately 346 thousand.
As a result, total sales of new cars in China during the first month of 2019 were at the level of 2.37 million, which is 16% lower than the same month last year.

PEV Sales jumped almost 2.4 times, and electric vehicles – 2.8 times

The demand for electric vehicles in China rose in January 2019 2.8 times!

Due to the fact that in the beginning of the year Beijing introduced a long-planned quota system for compulsory sales of vehicles with electric drive (PEV) in the framework of carbon credits, and automakers increased their production, respectively, sales of electric vehicles (BEV) and rechargeable hybrids (PHEV) in January rose significantly.
So, automakers released in January, about 96 thousand electric cars and hybrids, which is 138% higher than in January 2018. The demand for electric cars increased by about 180% to 75 thousand, while PHEV sales grew by 55% to 21 thousand

PS recall that in 2018 the total market for new cars in China fell for the first time since 1990, a decrease of 2.8% to 28.1 million.
In the past year, sales of new passenger cars decreased by 4.1% to 23.7 million, while sales of new commercial vehicles and grew by 5.1%, reaching 4.4 million.

A typical intersection in Beijing nowadays. White haze – the most famous could!

Everything comes to an end, and that unrestrained growth of car market in China ran into its limits of growth, at least in its current forms, borrowed from the West of the car on the rampant growth of the vehicle fleet in Metropolitan areas and major cities, which had to limit quite draconian measures, and now it's time and provincial limitations, as the environment in current China goes on an increasingly important place, has become a serious impediment to further economic growth. And if Beijing wants to continue civilizational progress for China, then go to innovative technologies of China have certainly, as evidenced by the boom in the electric car market, which, however, still require state and municipal benefits. However, soon, however, Beijing will have to choose whom to support – manufacturers of PEV or conventional vehicles (ICE), which may simply collapse, dragging into the abyss of recession the entire Chinese economy, and then it can be not electric cars..