European cars are no longer needed in China
The situation in the Chinese car market is changing rapidly, and this may affect the fate of European cars originally intended for China. The share of local (Chinese) car brands has grown from 40% to 60% over the past five years, due to improved product quality and aggressive pricing policies.
This led to a sharp decrease in the interest of local buyers in the products of European giants. BMW's sales in China decreased by 30%, Mercedes-Benz — by 13%, Porsche — by 19%, and Volkswagen — by 15%. Demand for Japanese Mitsubishi and Toyota, American Ford, GM and Tesla also decreased.
Where should I put the excess of cars?https://image.nostr.build/7b71eac0ebb387b73643b7d08df39116ae6c293ce0f5d5845d937c134a5e9005.jpg
Notes by 266fa1c3 | export