China takes the field for blocking, the crisis in the car: two cities – that rely heavily on the level of automotive production – offroni incentives to strengthen sales, hit by the fallout of the spread of the coronavirus.
In the southern city of Guangzhou where the japanese automakers Toyota, Honda and Nissan all have joint ventures with chinese partners – the local government has, in fact, plan to re-introduce subsidies to encourage people to buy electric vehicles.
While the city of Xiangtan, a city of 3 million people in the southern province of Hunan, will offer to the people of 3,000 yuan ($ 429) in cash if you buy cars produced locally by Geely.
car sales in China, the largest automotive market in the world, are in decline for two years and now they are even more at risk: in January fell 18.7% compared to the previous year, the China Association of Automobile Manufacturers (CAAM) provides that declines in the production and sales of cars will be the most significant in February due to the outbreak of coronavirus.
how much? The estimates are frightening: according to the China Passenger Car Association (CPCA), another agency industrial, auto sales in China decreased by 89% in the first 23 days of February.
So also the city of Guangzhou, Foshan, where Volkswagen has a plant with FAW Group, has announced that it will offer cash for 2,000 yuan for the purchase of new cars and 3,000 yuan for the replacement of the existing car.
And there will also be subsidies to offset the expenses of marketing of the automobile companies. The battle to contain the decline in sales has just begun.
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