China’s car sales recorded 11 consecutive months of year-on-year growth as demand supported by a strong economic recovery clashed with a global semiconductor shortage.
According to the China Passenger Car Association, passenger car sales in June fell 5.1% year-on-year to 1.58 million units. April-June sales increased 2.3% from the same period last year when the market began to recover from the national pandemic blockade.
Much of the June decline, according to the association, could be due to supply constraints that have occurred in recent months.Historical chip shortage is putting pressure on production For automakers around the world, Including parts of China, said the group.
Japanese automakers were hit hardest by a chip shortage last month. Nissan’s sales in China fell 16% year-on-year in June, while Honda Motor Co., Ltd. fell 17%. Honda cited a shortage of parts.
The Automobile Association said it expects supply constraints to be eased in the second half of this year.
China’s car sales fall due to lack of chips
Source link China’s car sales fall due to lack of chips