Economy

BMW, Audi and Daimler report strong sales figures in China

Photo by VCG / VCG via Getty Images

The Chinese auto market continued to gain ground in September. Last month, 1.94 million cars, SUVs and smaller multi-purpose vehicles were sold to end customers. That was 7.4 percent more than in the same month last year, as the industry association PCA (China Passenger Car Association) announced in Beijing on Tuesday.

This is the third month in a row that the year-on-year comparison is pointing up. In the full year, however, due to the severe impacts at the beginning of the year in the coronavirus pandemic, it is still the third year with a decline in sales. After nine months, the backlog of 13.15 million cars is 12.5 percent.

China is the most important single market for German car manufacturers

China is the beacon of hope for the global automotive industry. The corona pandemic paralyzed economic life in the People’s Republic early in the year, but the car factories started up again earlier than in Europe and North America. According to preliminary figures from the CAAM (China Association of Automobile Manufacturers) from last week, September continued the strong, mostly double-digit percentage growth from the previous months.

Accordingly, the total sales of the manufacturers rose by 13.3 percent compared to the previous year. The PCA measures the sales of cars to the end customers, the CAAM the sales of the manufacturers including commercial vehicles to the dealers.

China is by far the most important single market for the German car groups Volkswagen (including Audi and Porsche), Daimler and BMW. Audi, BMW and Daimler already presented their sales data for the third quarter last week and reported strong sales in China.

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