The history of the rise of domestic cars can be said to be the history of the decline of Korean cars in China to a certain extent. Now, in the competition with Japanese, German and domestic cars, the sales of Korean cars are even more lonely, and now they have even reached and French cars on par with the bottom. It was reported on May 23 that the first quarter data released by the Korea Automobile Manufacturers Association showed that China’s car sales in the first quarter were 6 million, a year-on-year increase of 6.2%; among them, the sales of Korean cars in the first quarter were 94,000, a year-on-year decrease of 39.3%. Its market share in China fell below 2%. In January this year, the domestic retail share of Chinese independent brands was 45.5%, the German brand share was 23.5%, the US market retail share reached 8.2%, and the Japanese brand retail share was 19.2%. In other words, in addition to French cars, Korean cars have become the worst joint venture brands in the Chinese market. In addition, the downward trend of Korean cars in China has continued to accelerate. The data shows that from 2016 to 2021, the market share of Korean cars in China’s passenger cars is 7.35%, 4.63%, 4.98%, 4.7%, 3.8% and 2.4%. And if Korean cars don’t carry out self-innovation as soon as possible, and there are no new popular models to save the market, their .
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