Chinese Motorcycle Production & Sales Declined In The First Half Of 2020
China- Production & sales: affected by the epidemic, China’s motorcycle production and sales declined in the first half of the year. Since March, it has continued to recover, with the production and sales exceeding or reaching the levels of the same periods last year for three consecutive months. The international market remains depressed, dragging down the overall recovery process of the motorcycle industry.
In the first half of the year, the production and sales of the whole industry reached 7,142,700 units and 7,226,600 units, down 8.55% and 7.05% year on year. Among them, 6.18 million and 6.252 million two-wheeled motorcycles were produced and sold, down 10.09% and 8.43% year-on-year.
Export: the global epidemic continued to spread, which had a serious impact on China’s motorcycle exports, and the export volume of complete motorcycles significantly decreased. Exports picked up from the previous month in June, but were still far behind the same month last year.
In the first half of the year, the total export value of motorcycle manufacturers was 1.909 billion US dollars, down 20.81% year on year. The export volume of complete motorcycles was 2.7707 million units, down 19.69% year-on-year, with a total export value of 1.595 billion US dollars, down 20.1% year on year. The export of motorcycle engines was 536,600 units, down 28.89% year on year, with a total export value of 91 million US dollars, down 15.88% from the year earlier. The exports of ATVs totaled 45,900 units, down 15.98% year on year, reaching a total export value of 128 million US dollars, down 14.21% from the same period last year. The export value of motorcycle parts was 95 million US dollars, down 39.56% year on year.