China may be a hotbed for automakers to bring in their latest and greatest, but exports of its automotive wares aren’t as hot these days.
The China Association of Automobile Manufacturers reported a drop of 22 percent in exports of commercial and passenger vehicles during April, falling to 61,600 units shipped compared to the previous month according to Bloomberg. The group also found a decline of 15 percent over the first four months of 2015, putting a significant ding on the nation’s goal of 860,000 units shipped elsewhere this year.
Causes of China’s export woes include geopolitical issues in Iraq, Russia and Ukraine, and currency challenges in Algeria and Argentina, per association deputy secretary-general Shi Jianhua, who sees no signs of improvement on the horizon.
The 2015 export target is a far cry from the nation’s peak of 1.06 million units in 2012, and is less than the 910,400 units sent overseas in 2014.
[Photo credit: Landwind]
The post China Automotive Exports Crashing Against Geopolitical, Currency Challenges appeared first on The Truth About Cars.
Best Deals today in www.freepromotoday.com