Under the shock wave of the epidemic, the automobile industry was severely damaged, and governments at all levels frequently took action to save the market.
Since March this year, the outbreak of the epidemic in many parts of the country has had a serious impact on the auto industry.
According to data from the China Automobile Association, my countrys auto sales in April showed a trend of halving, with sales falling below 1.2 million units, a monthly low for the same period in the past 10 years. Among them, commercial vehicle sales fell by more than 60% year-on-year. In the first three weeks of May, data from the China Passenger Car Association showed that although car sales have picked up month-on-month, they still fell by 16% year-on-year. It is foreseeable that my countrys auto market will likely continue to decline in May.
Automobiles are an important pillar industry in our country. Whenever the auto market declines significantly, calls for saving the market come one after another. Since late April this year, the governments of many places in my country have intensively spent real money to promote automobile consumption. Recently, the national level also plans to introduce policies such as purchase tax reduction and a new round of new energy vehicles going to the countryside.
After the introduction of a package of policies to promote the development of the automobile industry, will my countrys automobile sales usher in a new round of explosion?