After the auto market in Shandong maintained double-digit growth for many years, there was a historic turning point in July. On the 21st, the reporter learned from the Shandong Provincial Department of Commerce that in July, Shandong Automobile saw a decline in sales growth for the first time, a decrease of 0.3 percentage points.
This is an incredible thing, because the car was once an important commodity that spurred China's economic growth. In many people's view, its status is second only to real estate, which can promote the development of the entire industry chain. However, now, the car is no longer brilliant. In the first half of this year, among the top five car companies, Shanghai Volkswagen, FAW-Volkswagen, SAIC-GM, and Beijing Hyundai all experienced declines. Hyundai and Kia’s sales in China in June were sharply reduced by nearly 30%.
The China Automobile Association also had to accept the fact that the year-on-year growth forecast for China's auto market this year was reduced from 7% to 3%. "In second-tier cities like Jinan, there are more and more cars, traffic is getting blocked, and many people who originally wanted to buy a car have given up on this plan, causing the market to be close to saturation." In Jinan, a joint venture car company 4S shop, The relevant person in charge said. Statistics from the Jinan Municipal Bureau of Commerce show that in the first half of this year, sales of Jinan Automobile fell by 9.5% year-on-year, which was unprecedented. In this case, dealers can only develop to counties and cities that are less developed.

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