Baua Electric
JULY 13, 2023
“The surge in delinquencies coincides, perhaps not surprisingly, with a steep drop in new auto loans, particularly among borrowers with lower credit scores,” Hoenig wrote. The quantity borrowed for cars within the first quarter via shoppers ages 18 to 29 fell 25 p.c “It seems logical,” Hoenig stated.
CN EV Post
APRIL 25, 2023
percent from March, according to estimates released today by the China Passenger Car Association (CPCA). Survey shows that car companies, which contribute about 80 percent of passenger car sales, are targeting slightly lower retail sales in April than in March, the CPCA said. million units, up 49.8 million units, up 49.8
Baua Electric
APRIL 30, 2023
Expectations for increased demand for industrial materials were further dampened by the failure of the National People’s Congress in March to come up with a major real estate stimulus package. China’s crude steel production minus steel consumption in January-March was about 27.14
Green Car Congress
JANUARY 8, 2010
69% of licensed drivers can drive a car. Around 41% of the vehicles were cars and 51% were motorcycles. A separate report from the Ministry of Public Security said that almost 200 million Chinese can drive a vehicle—about 15% of the 1.3 billion population. About 19 million Chinese obtained a driving license in 2009. A total 16.7
Green Car Congress
MAY 7, 2009
Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 China unveiled a support package for the auto industry early this year, cutting purchase taxes for cars with small engine capacities and providing subsidies to rural purchasers. People’s Daily.
Cars That Think
MARCH 28, 2023
For the automotive industry, as we summarized in five charts that helped demystify the chip shortage , time eventually brought car makers up from the end of a 52-week waiting list to get the chips they needed for their entertainment and driving assistance systems. considered getting into the chip-stimulus game as well.
Green Car Congress
SEPTEMBER 6, 2009
Chinese domestic auto makers were expected to produce and sell more than 8 million units of vehicles in first eight months this year respectively, said Chen Bin, director of the Department of Industry under the NDRC. In January, China cut the purchase tax on passenger cars to 5% for models with engine displacements of less than 1.6
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