This is interesting, foreign brands only sold 480,000 units in August (average give 5,760,000) this equated to 27% drop from a year earlier, so 1 year ago ~610,000units (average gives 7,320,000). These number exclude their imported expensive models?
So foreign brands have had a 20-30 year boom period selling many millions of cars per year (at inflated prices and huge margins). Now they complain about dropping below 50% market share and want to ring fence their domestic markets to stop Chinese sending 6million cars to the rest of the world. The sensible thing would be to insist the Chinese for JV’s in their domestic markets with full assembly there.
If you think this is happening systematically only in the auto market, check out appliances, fast food, electronics, and pretty much everything else that's consumable.
https://www.scmp.com/business/china-business/article/3279264/bmw-gm-toyota-lose-more-market-share-china-transition-evs-hurt-deliveries?utm_source=twitter&utm_campaign=3279264&utm_medium=share_widget
This is interesting, foreign brands only sold 480,000 units in August (average give 5,760,000) this equated to 27% drop from a year earlier, so 1 year ago ~610,000units (average gives 7,320,000). These number exclude their imported expensive models?
So foreign brands have had a 20-30 year boom period selling many millions of cars per year (at inflated prices and huge margins). Now they complain about dropping below 50% market share and want to ring fence their domestic markets to stop Chinese sending 6million cars to the rest of the world. The sensible thing would be to insist the Chinese for JV’s in their domestic markets with full assembly there.
If you think this is happening systematically only in the auto market, check out appliances, fast food, electronics, and pretty much everything else that's consumable.