Global Car Sales Are Down 13 Percent In 2020 And China's Market Share Rose To 32 Percent

In 2020, global auto sales totaled 78.03 million units, down 13 percent year on year. The share of china's market was 32%, with 52% in April. This is mainly due to China's active prevention and control of the epidemic, and the rapid recovery of the social economy.

Affected by the epidemic, the global auto market remained depressed in 2020, and sales have picked up only in some areas. Global car sales fell 24 percent in the first quarter and 29 per ent in the second, but recovered sharply in the third quarter, falling only 2 percent year on year, and rose 2 percent in the fourth.

In terms of the proportion of sales in international automobile groups, Asia generally performed better. Asia has taken the epidemic seriously enough, so its losses are relatively small and the market performance is relatively strong. The Volkswagen Group is strong in China and Europe, but weak in North America, the Southern Hemisphere and other Asian countries. Toyota fared better in China, where the decline was minimal, with a global market share of 18.5% in 2020. Honda's global share also reached an all-time high of 5.9 percent, overtaking Ford. In addition, German Mercedes-Benz and BMW Group are still strong, and Hyundai Kia is weak in China, but relatively strong in Europe.

CBIES AUTOMOTIVE  side door impact beam, cross car beam, seat frame tube, shock absorber tube, exhaust system, trunk hinge etc.