We have to truly understand the Chinese auto market to see what is going on in the industry. Not only is this the largest market in the world but many of the Chinese companies are basically operating only this market.
In this video I discuss how bad things are and some of the nonsense we are hearing. This is simply a depressed market in a national recession. From this perspective, it is nothing new with large ticket items.
▶️ 3Speak
I agree that big ticket items selling less in a down market is expected. With regards to Chinese companies only operating in China. I recently saw an infographic of the different countries' populations, and India and China are at the top with 1.4 billion, while the US is at third with 340 million. With more than 4x the population of the third country, I think they will be ok. They just need to work on their economic problems, and they should bounce back.