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China wholesales 1-20 July 2020: volumes surge 36.5%, confirming post-pandemic momentum

11 manufacturers including Chery Automobile have shared Chinese wholesales volumes for the first three weeks of July.

According to figures released by the China Association of Automobile Manufacturers (CAAM), wholesales of new vehicles in China surge by a spectacular 36.5% year-on-year to 942.000 units over the first 20 days of July across a selection of 11 local manufacturers, indicating the post-pandemic recovery is still gaining traction. Passenger Vehicles (cars, SUVs and MPVs) surge 33.6% to 825.000 while Commercial Vehicles continue to gallop ahead at +61.7% year-on-year to 117.000 units. These volumes are not for the entire industry however, but 11 Chinese automakers that are easily accessible to CAAM analysts: Brilliance, BYD, Changan, Chery, Dongfeng, FAW, GAC, Geely, Great Wall Motor, JAC and SAIC. Over the First Half of 2020, we estimate these manufacturers accounted for roughly half the Chinese Passenger Car market.

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  1. China, USA and Japan together are responsible for about 50% of world sales of cars, while the rest of about 210-215 countries are responsible for the other half. So every good news about these three markets is a great news for the whole automotive industry!

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