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Hong Kong (China) April 2020: Toyota (-39.9%) tanks, Honda (-1.6%) resists in worsening market (-22.5%)

Honda sales drop just -1.6% in Hong Kong in April.

New car sales in Hong Kong pause their recovery with April down -22.5% year-on-year to 2.293 units vs. -13% in March. The year-to-date tally is now down -23.2% to 9.430. Market leader Toyota (-39.9%) falls almost twice as fast as the market but its April 2019 comparison base is particularly high and as a result its April market share (25.9%) is in line with YTD (26.9%). Honda (-1.6%) resists particularly well to 13.6% share vs. 12.5% so far this year, with Mercedes (-16.3%) and BMW (-16.8%) also both gaining share year-on-year. Tesla (+2675%) is still benefiting from the recent launch of the Model 3 but drops 3 spots on March to #5 with 4.8% share vs. 8.4% YTD. Suzuki (+225%), Hyundai (+42.3%), Subaru (+41%) and Nissan (+12.7%) also defy the market slump with spectacular gains.

Previous month: Hong Kong (China) March 2020: Tesla, Subaru, Audi shine in recovering market (-13%)

One year ago: Hong Kong (China) April 2020: Toyota hits 33.4% share, Audi, BMW shine in market down -8.9%

Full April 2020 Top 45 All-brands ranking below.

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