Just over 1.5 million new cars were registered in China in June: a surprisingly low figure, 5.1%, compared to the same month last year. Several factors have led to this decline in the most important automotive market in the world, obviously including shortage of semiconductors and microchips which is bringing the automotive industry to its knees globally. The data was released by the China Passenger Car Association.
In June, the Italian car market continued to decline
“In May, the recovery in demand for cars in American and European markets intensified the chip shortage for international companies, leading some Chinese companies to reduce production – commented Cui Dongshu, secretary general of the association – Furthermore, the recent Covid-19 outbreaks in Guangzhou have slowed down activities in southern China ”. On the other hand, the new energy retail sector went against the trend, which in June alone reached 223,000 units, with an annual increase of 169.9%. Despite a falling June, however, the data regarding the first semester of the year are positive: in fact, sales of new cars in China increased by 28.9% in the first six months of the year compared to the same period last year, for a total of almost 10 million units registered.