HOME PUBLICATIONS SUBSCRIPTION NEWS EXHIBITIONS PRODUCT SEARCH B2B SERVICE ABOUT US 点击这里给我发消息
Frequently searched keyword:
(ex. Machine screws, Special screws, Taptite screws, Locks, Cnc parts, cnc lathe)
 
Hello, Visitor!‧Register
 
Account  
Password  
 
 
                            
 
  • Home
  •  » Hot News
  •  » Moody's: China Car Sales to Drop 6.5%

Moody's: China Car Sales to Drop 6.5%


2019-08-09  |  Class : 汽車零組件

According to Moody's (an American credit rating agency), the global car sales for the whole 2019 is estimated at 91.1 million vehicles, and 90.2 million vehicles for 2020. Despite Moody's expects a stabilized trend for China's car market in the second half of 2019, the downslope sales of the first half would cause the full-year sales of China's car market to drop 6.5%.

Early this March, Moody's made a similar prediction on global car industry, changing the status of car industry prospect from "stable" to "negative" with an estimated sales growth of 0.5% for 2019 and a return to 0.8% for 2020. In comparison, the latest prediction released by Moody's is more pessimistic, where the sales for 2019 and 2020 is predicted to drop 3.8% and 0.9% respectively and a number of 10.2 million vehicles is subtracted from the previous total sales prediction.

 Coincidentally, China Association of Automobile Manufactures shares the same pessimism. The association adjusted full-year sales prediction from 28 million vehicles down to 26.68 million vehicles. According to the figures from the association, in the first half of 2019, China sold a total of 12.323 million vehicles, dropping 12.4%.



« Back  |  Next »
 
 
 
 
 
 
  
Home Magazine Subscribe News Exhibitions Product Search Buyer Inquiry
ADD: NO. 469, YU PING ROAD, TAINAN 70843, TAIWAN
TEL:886-6-2954000(Rep.) FAX:886-6-2953939 E-mail: services@fastener-world.com.tw
Visitors:Web Counter
Fastener World Inc.‧Magazine Publisher‧Agency of Int’l Exhibitions All Rights Reserved.