IT Home May 26 NewsluciabetslotCui Dongshu, Secretary-General of the Passenger Transport Association, issued a document today pointing out that China's imports of imported vehicles will continue to decline at an average annual rate of around 8% from 1.24 million units in 2017 to only 800,000 units in 2023. From January to April 2024, automobile imports were 210,000 units, a year-on-year decrease of 8%, and the downward trend continued.
The article said that after imported cars peaked at 1.43 million in 2014, the import growth rate stabilized slightly and improved in 2016-2017, and has continued to decline since 2018. The scale of imports will drop sharply in 2023, with only 800,000 units imported throughout the year, a year-on-year decrease of 10%. At present, the monthly import volume in 2024 will remain at an average monthly level of around 50,000 units, and there is great pressure to continue to shrink.
Imported cars in April 2024 5luciabetslot.10,000 units, down 17% year-on-year and 3% month-on-month in March; automobile imports from January to April were 210,000 units, down 8% year-on-year. With the rise of domestic vehicles and the acceleration of localization of international brands, automobile imports have continued to be sluggish in recent years, with negative growth for three years from January to April.
Passenger cars account for 98% of the absolute main force in the automobile import structure this year, including 8 imported cars from January to April 2024.luciabetslot.6,000 units, accounting for 41%, imported four-wheel drive SUVs were imported 70,000 units, accounting for 34%, while new energy vehicles were imported 9,000 units, accounting for 4%.
At present, imported cars are mainly supported by demand for luxury cars. The proportion of imported luxury cars, the main imported cars, has increased significantly, and Lexus 'import retail sales have surged by 36%. BMW, Audi and Land Rover performed generally strongly, while Porsche's recent performance was weak. Imported cars of joint-venture brands are shrinking rapidly, and imported cars of some brands such as Toyota, Volkswagen and Subaru have shrunk sharply.
The article stated that as China's automobile industry continues to grow stronger, electrification transformation has changed.luciabetslotDue to the market demand structure, demand for fuel vehicles continues to shrink, and demand for imported fuel vehicles also drops significantly. As international relations become increasingly complex, it is still necessary to take precautions to establish more import models and maintain a reasonable scale of imported vehicles.
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