Car Selling Status of Australia, USA and China
ATLANTA, Dec. 9, 2019 u2013 According to the Q4 2019 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. automobile dealers continue to view the current market as negative, with an index score of 47. The index reading of 47 indicates that slightly more dealers feel that the current market is weak compared to the number who feel the current market is strong.r As the CADSI has consistently demonstrated, the current market sentiment skews more positive for franchised auto dealers, operations that sell both new and used vehicles, compared to independent dealers, those who focus only on used-vehicle sales.r The Australian VFACTS has published the new car registration statistics for 2019 which show us the real fact what happened for new car selling. Almost, 8 percent has down which is lowest in 11 years.r Toyota positioned at the top of the chart by selling 205,766 cars for the year down 5.2 percent. Mazda fell by 12.3 percent but hung on to the second place with 97,619 cars counted as sold. Hyundai scraped into third with 86,104 sales, despite volumes falling by 8.6 percent. Holden hung onto the final spot inside the top 10 with 43,176 sales, despite falling a massive 28.9 percent. It edged out Subaru, whose distributor recorded a sales dip of 20 percent to 40,007.r Self-reported Federal Chamber of Automotive Industries data counted 1,062,867 new vehicles sold. That is more than 90,000 fewer than 2018u2019s tally.r Here the interesting thing is we notice that many of the Chinese car brands are reporting increases compared with January last year and not just because they didnu2019t report any figures back then. Great Wall (125 units) is up 76.1 percent. LDV (384) is up 64.8 percent. MG (919) is up 82.7 percent. And Haval is up an impressive 443.2 percent. Have sold 201 vehicles last month, compared with 37 in January 2019. r But now the issue is, how much does the coronavirus effect here.
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