China Association of Automobile Manufacturers: The Overall Market Performance Was Better Than Expected in the First Half of 2020, and It Is Expected to Improve Comprehensively in the Second Half of the Year


Fu Bingfeng, the Standing Vice President and Secretary-General of China Association of Automobile Manufacturers, said at the Interim Media Communication Meeting of 2020 held on July 20 that from the second quarter of this year, China's automobile market has shown a sign of rebound after 21 consecutive declines in sales in April alone, and achieved double-digit year-on-year growth in production and sales in May. Then, the production and sales data in June also continued the positive trend of the previous two months, making the overall performance of the market in the first half of the year better than expected. Fu Bingfeng also expressed the optimistic view about the market sales in the second half of this year, and expected that the automobile market would improve comprehensively in a stable way, and the overall decline of the industry would continue to diminish.

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