Decline in auto sales widens further in May: CAAM

Published: Jun 12, 2019 16:09

Save

The NEV sector continued to expand in May but year-on-year growth slowed

SHANGHAI, Jun 12 (SMM) – China's sales of automobiles in May extended their weak performance from April with a greater year-on-year decline, showed data from the China Association of Automobile Manufacturers (CAAM) on Wednesday June 12.

Last month, sales of cars came in at 1.91 million units, down 16.4% on the year. The decline expanded from a year-over-year drop of 14.6% in April.

CAAM data also showed that sales of passenger vehicles in May shrank 17.4% on the year, to some 1.56 million units.

The new-energy vehicles (NEVs) sector continued to expand in May but with slower year-on-year growth. NEV sales in May climbed 1.8% from a year ago, compared with a buildup of 18.1% in April, according to CAAM data.

Sales of NEVs in the first five months rose 41.5% from January-May of 2018.

Data from the China Passenger Car Association (CPCA) also showed on Wednesday June 12 that China’s car sales declined for the 12th straight month on a yearly basis in May.

Market commentary Car

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

May 1, 2026 21:22

South32 Raises Hermosa Taylor Capex by Over 50%, Delays Production to 2028 H1

On April 30th, South32 raised the development cost estimate for the Taylor deposit at its Hermosa zinc-silver project in Arizona, US, and delayed the timeline. First-stage capital expenditure has increased by more than 50%, from $2.2 billion in the 2024 FS to $3.3 billion. First production has been delayed by one year to H2 FY2028, full production has also been pushed back to FY2031. Cost increase was mainly due to contractor underperformance, slower-than-expected construction productivity, scope changes, inflation, US tariffs and higher input costs. Progress on a key ventilation shaft is the main bottleneck now. But the company also noted that ore reserves at Taylor increased by 52%, mineral resources rose by 10%, extending the expected mine life from 28 years to around 33 years.

May 1, 2026 21:22

Apr 23, 2026 15:04

Building Bridges of Communication and Unlocking Investment Potential — SMM Visited the Guangxi (Shenzhen) Industrial Cooperation Center

Apr 23, 2026 15:04

Apr 30, 2026 17:47

Silver Market Price Review and Expectations Brief Commentary (April 30, 2026) [SMM Silver Market Weekly Review]

Apr 30, 2026 17:47