LMC Automotive Consulting’s Zeng Sees More Positive 2H for China Auto Sales

The video discusses the Chinese car market, focusing on sales trends, the impact of past incentives, and the performance of domestic versus foreign car makers. It highlights the challenges faced by lower-tier cities and the role of government policies in shaping market dynamics. The analysis includes a look at sales performance and the potential for future growth, considering both retail and wholesale perspectives.

What was one of the main reasons for the automotive market slowdown in China after 2017?

• Lack of consumer interest

• Emission standard upgrades

• High import tariffs

• Increased fuel prices

Which type of car makers benefited the most from the previous incentive policy in China?

• Foreign luxury brands

• Local OEMs

• Electric vehicle manufacturers

• Hybrid car producers

In which tier cities did local OEMs face challenges despite having a majority market share?

• Tier 1 to Tier 3

• Tier 4 to Tier 6

• Tier 2 and Tier 3

• Tier 1 and Tier 2

What is one reason why municipalities in China are struggling to implement new car incentive policies?

• Environmental concerns

• High competition from foreign brands

• Insufficient financial resources

• Lack of consumer interest

What impact did rumors of new policies have on consumer behavior in the automotive market?

• Increased immediate purchases

• Decreased interest in cars

• Consumers held off on buying

• Shift towards electric vehicles