Shanghai (Gasgoo)- In response to the UAW's strike against GM, Jia Xinguang, an executive director of China Automobile Dealers Association said that the walkout happens in the automaker’s headquarters and will have little negative impact on the production or the management of GM’s companies in China, let alone China’s automotive industry. GM has operations in China for a long time and has set up 12 joint ventures and 2 wholly-owned subsidiaries in the largest auto market.
Besides, the figure from China Association of Automobile Manufacturers shows that 13.21 million China’s PVs were produced and 13.322 million units were sold from January to August, a year-on-year decrease of 13.8% and 12.3% respectively.
But Jia reckoned the automobile production and sales decrease is mainly attributed to the downturn pressure on overall domestic economy and it is difficult to say when the market will improve.
However, some analysts assumed that since customers are getting used to the subsidy phasing-out, those who take “wait and see” approach will decide to buy new cars. As a result, there are good reasons to believe that the 2019 sales will see positive growth.
