China & India Auto Sales

China auto sales are down in 2019. This is evidence that the Chinese economy is contracting in response to US Tariffs. China could easily change its bad behavior and end this decline. The global contraction is also affecting India.

China auto sales 1/19 to 6/19.

Brands        Units Sold      % Chg.

Chinese      39,990,000    -21%

German      23,488,000    -5%

Japanese    21,767,000     4.4%

American       9,719,000   -22.8%

S Korean       4,758,000   -13%

French              709.000   -64%

https://www.marklines.com/en/statistics/flash_sales/salesfig_china_2019

India auto sales are down 2019

India auto sales July 2019

Brands              Units       % Chg.

Maruti Suzuki    98210     -36.3%

Tata                  32938      -34.3%

Mahindra           31705     -15.6%

Hyundai             57310       -3.8%

Toyota               10423      -22.8%

https://www.marklines.com/en/statistics/flash_sales/salesfig_india_2019

Comments

Auto manufacturers need to remove add-ons and lower costs in order to expand their markets to lower wage buyers.

Norb Leahy, Dunwoody GA Tea Party Leader