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In January, the sales of RBOB Gasoline Passenger Vehicles fell by more than 20% month-on-month: Japanese brands overall under pressure, with Honda and Dongfeng Honda both "cut in half."
① According to data released by the China Association of Automobile Manufacturers, the domestic sales of Passenger Vehicles in January were 1.738 million units, a month-on-month decrease of 35.5% and a year-on-year decrease of 0.5%; ② In January this year, GAC Honda's sales were 15,123 units, a year-on-year decline of 57.14%; Dongfeng Honda's monthly sales were 19,971 units, a year-on-year decline of 69.31%.
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Auto Executives Try to Sway Trump on Tariffs, EV Subsidies
Trump's tariffs on Canada and Mexico heavily impact the Autos industry! The cost of purchasing Autos for people in the USA may increase by nearly $6000.
According to data from the USA venture capital firm Benchmark Co., if the tariffs proposed by Trump take effect, Americans may have to pay thousands of dollars more for cars; imposing a 25% tariff on Autos and parts from Mexico and Canada would increase the average price of Autos in the USA by about $5,790.
Cui Dongshu: The car market in January is slightly weaker than the booming pace of previous years, and negative retail growth is in line with expectations.
On February 12, Cui Dongshu released an analysis of the running characteristics of the national Passenger Vehicle market for January 2025.
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