Over the past year, FAW-VW has accumulated sales of vehicles, becoming the country's first-ever car company to exceed the 2.1 million-vehicle sales mark, and it is also the 2019 passenger car enterprise sales champion.
Lexus sold 10,000 units in China in December 2019, up% in the same period, and accumulated sales of 10,000 units in 2019, up 25% year-on-year, the first annual sales of more than 200,000 units in China.
FAW Toyota's cumulative sales reached 10,000 vehicles, up 2% year-on-year. Among them, the annual sales of RAV4 models reached 10,000, monthly sales of more than 10,000, including December sales of 10,000.
In 2019, Cadillac sold ten thousand. Outstanding performers were its SUV models, which sold 10,000 Cadillac XT5 models for the full year and sold 10,000 Cadillac XT4 models, up% from a year earlier.
With sales coming out, we will make an objective assessment of the car market in 2019. While all the auto-industry data that led sales appeared to be year-on-year growth, china's auto dealer inventory warning index in december 2019 was 59%, down%, down%, and still above the warning line.
As a year-end rush season, dealers stepped up their efforts to clear stores in december, holding auto shows in parts of the region, and further spurred consumers to buy cars, releasing some of their consumption potential, the china auto-circulation association said. However, because the market as a whole has not improved significantly, consumers enter the shop to see cars and purchase willingness compared to previous years, sales are also affected.
Looking ahead to 2020, the auto market will continue to stand the test of falling sales caused by weak consumption, but the rise and fall is a normal phenomenon of industry development. At the end of 2019, Guangzhou Auto and SAIC began to work together to make a demonstration for car companies to warm up. It is believed that more than once in 2020 such federations will emerge.
\"Promoting industrial transformation and upgrading, supporting the development of new energy vehicles, and researching the establishment of government procurement transaction systems, cost management and risk-sharing mechanisms commensurate with supporting innovation.\" On December 27,2019, news from the National Finance Work Conference showed that five years later, the Ministry of Finance had added new energy vehicles to its annual work conference. This will be the new year's gift bag to look forward to.
As the auto industry is an important area to benefit from the tax reduction policy, especially the new energy vehicle tax free policy adds to the promotion of new energy vehicles, the 2019 tax reduction has been initially achieved. We hope that in 2020, the auto industry enterprises are expected to receive a new year gift package with the help of tax reduction policies.
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