Does the reduction of model cars have any influence on model car manufacturers

According to the statistics of the General Administration of Customs, the total import volume of automobile model manufacturers in the first quarter (from January to March) was 235,000 vehicles, down 15.9% from the same period last year; the average price of imported models of simulated automobiles was 308,000 yuan per vehicle, up 6.3% from the same period last year; and the total value was 72.4 billion yuan, down 10.6% from the same period last year.

According to the data, 110,000 vehicles were imported from model wholesalers, down 20.6 percent from a year earlier, but remained the main source of imports for China’s simulated model car market, accounting for about 46.7 percent of total imports.

In addition, as of January 1, 2021, China will suspend the imposition of additional tariffs on U.S. automobiles and parts for three months, and continue to suspend the imposition of additional tariffs from April 1, 2017, to some extent easing trade tensions between China and the United States. It is worth noting that in March, automobile model manufacturers imported 27,000 vehicles from the United States, down from the previous seven consecutive months to 58 percent, which was the highest since July 2017.