Japanese automakers, including Honda, Nissan and Toyota, saw their sales in China slump badly in September. Honda said its September sales fell 28 percent from a year ago, while Nissan slid 26 percent and Toyota more than 36 percent.
Meanwhile, U.S. General Motors said it sold 623,000 vehicles from July to September, down 19 percent from a year earlier.
According to Reuters, the reasons for the decline in sales of these cars include the impact of the new crown epidemic, and shortages of parts such as chips.
But on the other side of the coin, Germany’s Mercedes-Benz is investing more money and technology into the Chinese market. Mercedes intends to build China as its “second home” outside its home country, and is strengthening its Beijing and Shanghai bases.
Data obtained by Reuters shows that despite the new crown epidemic last year, Mercedes-Benz sales in China rose 12 percent last year, more than the combined German and U.S. markets. And in the first three quarters of this year, Mercedes-Benz’s deliveries in China also rose 4 percent year-on-year. Mercedes-Benz is also currently expanding its product lineup in China.