Mexican Media Brands
Chinese Carmakers Cut Sales Forecast
The China Assn. of Automobile Manufacturers, which had predicted flat wholesales of cars in the country this year, now says factory shipments will drop 5% to 26.68 million units.
#economics
Share
The China Assn. of Automobile Manufacturers, which had predicted flat wholesales of cars in the country this year, now says factory shipments will drop 5% to 26.68 million units.
In 2018, wholesale and retail demand for passenger vehicles fell 3% and 6%, respectively. Carmakers have been trying all year to reduce the resulting glut of unsold vehicles held by their dealers.
CAAM says increased output of electrified vehicles this year will help offset slumping demand for piston-powered cars. But the trade group also has lowered its volume forecast for the so-called new-energy vehicles to 1.5 million from 1.6 million.
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
GM’s Mobility Vision
1. Zero crashes 2. Zero emissions 3. Zero congestion This vision leaves out a very important element: economics.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.