Newsletter #5 - June 2020 - Your question

Has the automotive industry recovered in China?

There is a disparity in China between the domestic market, which is stable - or even growing in April - and the export market, which has declined significantly since the beginning of the year due to the lockdown in foreign countries.

In terms of activity, factories have restarted in Asia and in particular in Wuhan, the cradle of the Chinese automotive industry, where the factory situation has almost returned to normal. Orders are starting again. Manufacturers, however, need to contain their volumes as concessions are reopening slowly around the world and have to sell their existing stocks before they can absorb new volumes.

As a result, import and export maritime flows of vehicles are gradually picking up. In France, due to the gradual resumption of factories and the reopening of concessions, road logistics are slowly recovering and should help empty stocks to accept import volumes.

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