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Home / News / Is China Becoming Car Export Juggernaut? Not Quite.

 

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How quickly the bubbles burst. Exports of cars made in China have fallen two months in a row. The nation’s year-over-year May numbers were 16 percent down, while its June figures were off by 20 percent. The Red Nation only exported 84,000 cars in June.

Industry observers believe that Geely, a leading Chinese carmaker, and other automakers are being hurt by the strengthening yuan,up 20 percent against the yen this year, which is increasing the cost of cars made in China. Additionally, some of the destinations that Chinese cars go to such as Turkey and Iraq are suffering from political struggles that prevent their citizens from thinking about shopping for cars.  At the same time, car sales within China have been falling at an alarming rate – an issue which will only be exacerbated, experts say, by the creation of new anti-smog rules that will limit vehicle sales within many major cities.

Despite this gray news, China continues to be the planet’s largest, by volume, auto market, which means that its carmakers should be able to survive without needing to rely on exports.

 

About the author: Andrew Greene

 

Now playing the role of grumpy old man in the foothills of Northern California’s Gold Country, Andrew has had a life-long love affair with vehicles of all sorts, from the bicycle he pedaled across the continent in 1991 to the armored personnel carriers he drove in the Army to the bamboo rafts, elephants, motorcycle taxis, ferries and buses he traveled by during the 13 years he lived and worked in South East Asia. Always eager to learn more about how the people of the world get from here to there in their day-today lives, he, a professional journalist, has been covering the vehicle industry for years.

 

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