Epic shock, end of an era: The China car market of “growth and profits forever” has vanished for non-Chinese brands.
Global automakers will sell 7 million fewer vehicles in China this year than they did in 2020.
VW down a million cars. GM down a million cars. Jeep JV bankrupt. Suzuki out. Nissan deeply wounded.
If we take a modest $30,000 as an average selling price, this means a loss of $210 Billion in revenues per year.
Such a sudden, traumatic shock, people still trying to get their minds around it.
Epic shock, end of an era: The China car market of "growth and profits forever" has vanished for non-Chinese brands.
Global automakers will sell 7 million fewer vehicles in China this year than they did in 2020.
VW down a million cars. GM down a million cars. Jeep JV… pic.twitter.com/cNIYAPC1Gk
— Michael Dunne (@dunne_insights) May 10, 2025