Report of low car sales in China during March 2020

Report of low car sales in China during March 2020


The Chinese auto manufacturers Association announced in a press release that car sales in China decreased by 43.3% in March, compared to the same month last year, but it recorded a lower decrease compared to February, As car sales in February witnessed a massive collapse in demand as a result of the spread of the Coronavirus, and the sales drop reached more than (80%).
By comparing the decline rate in March (43.3%) with the low rate in February (80%) it is clear that the Chinese market has already started to recover, even at slow steps, as the total car sales in China during the month of March reached about 1.08 million units, and the association expects greater growth during April Ongoing, On the other hand, the economy of Beijing rose after medical authorities and authorities managed to stem the spread of infection from the Coronavirus and reduce the fatal epidemic.

"CPCA" also reported that sales of  Tesla, according to the NASDAQ, in China reached 10,160 cars in March, a new record, and it should be noted that these numbers will differ somewhat from the deliveries that Tesla reported, because The association uses a different method to calculate car sales, and the company calculates delivery operations by transporting the car to the customer with the completion of all the correct paperwork.
This means that the first quarter of 2020 is the first full quarter in which the plant was prepared to produce Tesla cars, and the plant was closed in late January due to the spread of the Corona virus and it reopened on February 10, 2020.

When Tesla announced production and delivery reports in the first quarter, it indicated that its Shanghai plant had continued to achieve record levels of production, despite significant setbacks, With this, Tesla accounts for 30% of electric vehicle sales in China.