According to the national manufacturer association CAAM. A year ago, the outbreak of the corona pandemic had a heavy impact.
According to initial calculations by the CAAM manufacturers' association, the world's largest car market, China, recovered strongly from the corona shock at the beginning of 2020 in January. According to preliminary data, sales by manufacturers of cars and commercial vehicles to dealers rose by 31.9 percent in January compared to the previous year, the association announced on Thursday in Beijing.
At the beginning of last year, car sales in China had fallen by a fifth to 1.61 million units due to the outbreak of the corona virus, according to CAAM data.
The consequences of the pandemic had a negative impact on the Chinese car market, especially in the first few months of last year. The world's largest car market contracted for the third time in a row in 2020, despite a strong recovery in the second half of the year. Sales had already fallen in 2018 and 2019 after decades of growth.
Funding as an engine
The Chinese government boosted sales after the Corona slump with subsidies. In the second half of 2020 there were therefore often double-digit percentage growth rates.
The Chinese market is by far the most important single market for the German car groups Volkswagen (including the subsidiaries Audi and Porsche) as well as Daimler and BMW.
