News ID : 4146
Publish Date : 18 September 2020 - 10:23
While the corona outbreak in the past few months has caused financial losses to most of the world's industries, including the automobile industry, published statistics showing a boom in car sales in Chinese markets have created a glimmer of hope in global markets.
Khodrocar - The latest official statistics show that car sales in the Chinese market grew by 12% in August and September. Experts predict that the growing trend of China's auto industry will continue due to the implementation of monetary and fiscal stimulus policies by Beijing, which has boosted the country's car market.

The corona virus first started in Wuhan, China, where a large number of the world's automakers and automakers, including General Motors, Honda, Nissan and the Peugeot Group, are based.

For many years, China was a haven for American, European and Japanese automakers, but now the shadow of the corona has reduced demand in the world car industry and, consequently, the Chinese market. After the outbreak of coronary heart disease and the beginning of quarantine in Wuhan, the number of infected people in other countries of the world, including Europe and the United States, increased, and with the increasing number of deaths due to this deadly disease, its domino effect on the whole automobile industry in the world is felt. The market went into a coma.

Although a small number of car companies in the world are now relatively small, the closure for several months due to quarantine has led to a severe recession in the global car chain.

In July and August, passenger car sales worldwide fell by 7% compared to the same period last year due to an increase in the prevalence of coronary heart disease.

Meanwhile, the European car industry lost 90 billion euros in the first half of this year following the corona outbreak, and although there are already signs of an improvement in the global car market in the second quarter of this year, the trend continues. The future outbreak of coronary heart disease has left the automotive industry in a state of ambiguity.

In its latest report, the European Automobile Manufacturers Association reports a severe downturn in the automotive industry on the Green Continent, while car production is projected to fall by 25% by the end of 2020 in the European Union, one of the world's largest carmakers.

The European Automobile Manufacturers Association says that due to Corona disease, the demand for registration and sale of passenger cars in European countries is declining.

Car production in these countries in the first three months of this year compared to the same period, has decreased by 84 to 94 percent.

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