CAAM: The Chinese Automobile Association expects further growth

According to the expectations of the manufacturers’ association in China, the car market in China is likely to grow again this year. Last year, sales by manufacturers to dealers in the People’s Republic rose by a total of 3.8 percent to 26.3 million vehicles, according to the lobby organization CAAM (Chinese Association of Automobile Manufacturers). The CAAM measures both passenger car sales and those of heavy commercial vehicles. In 2021, vehicle sales in the country rose sharply in the first few months of the year due to the lockdown in spring 2020, but growth stalled in the second half of the year due to the lack of electronic chips.

In the case of passenger cars, sales in 2021 increased by 6.5 percent to 21.5 million cars, driven by strong growth in cars not powered by conventional combustion engines. Cars with electric drive types recorded a sales growth of almost 168 percent.

The industry association PCA, which measures the actual deliveries of cars, SUVs, minivans and light commercial vehicles to end customers, had already reported a sales increase of 4.5 percent to 20.5 million cars for 2021 the day before. That was the first increase since 2018.

Largest single market

China is the most important single market for the German car groups Volkswagen (with the subsidiaries Audi and Porsche), Daimler and BMW. Above all, Volkswagen, as the market leader in the country, has suffered considerably from the supply bottlenecks for chips in the past few months. The group sold significantly fewer cars in the country last year, with a decline of 14 percent. Like the premium subsidiary Audi (-3.6 percent), Mercedes-Benz also suffered a slight decline in sales (-2 percent) in China.

The BMW Group, however, coped better with the lack of chips. Even though sales declined worldwide and in China in the fourth quarter, the BMW and Mini brands were able to sell 846,237 cars in the country for the full year, 8.9 percent more than in the previous year. (dpa / swi)

Also read:

For the first time since 2018: China’s car market grew thanks to electric cars in 2021

Minus 14 percent: lack of chips causes VW sales to collapse in China

Experts expect a good six percent increase in sales: China’s auto industry will grow again in 2022

From the data center:

The largest Chinese car brands

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Lenny Li

I started to play with tech since middle school. Smart phones, laptops and gadgets are all about my life. Besides, I am also a big fan of Star War. May the force be with you!

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