Flash Reports

China New Vehicles Market fall blocked in September by new incentive.

China new vehicles market Tesla-Model_X_2017

China New Vehicles Market fall blocked in September by new incentives urgently introduced by the Chinese government in favor of low emission-low displacement vehicles. Volkswagen down for the 7th month in a row.

Economic Outlook

China’s GDP growth moderated slightly to 6.9% in Q3 after recording a surprisingly resilient 7.0% in Q2. Following the stock market correction that began in Q2, Chinese authorities have started to roll out measures in recent months to shore up the economy and try to bring this year’s GDP growth close to the official target of around 7.0%.

Slowing growth in investment, coupled with healthy dynamics in retail sales in Q3, highlights that China is gradually pivoting the economy away from investment-led growth toward private consumption. Chinese Communist Party leaders will gather from 26 to 29 October for the party’s fifth plenum.

The focus is expected to be the Party’s proposal for the 13th Five-Year plan in which leaders will draft a course for China’s economy over the next five years. Expectations are for reform directions to be consistent with existing plans and major reform developments to occur after 2017 when the once-every-five-year government reshuffling is done.

Market Outlook

A new chapter of the Chinese automotive industry development is now started as the domestic market has scored in August the third lost in a row, never happened before since data are tracked, and the government has finally taken the decision to introduce the first market regulations in favor of low emission vehicles.

Indeed, it was decided to halve sales tax on small cars, boosting local auto shares, as the government tries to revive growth in the world’s largest car market. The tax cut will run until the end of 2016 and apply to cars with 1.6-liter engines or smaller, a segment that accounts for nearly 70 percent of total sales in China.

Car sales in China, the World’s biggest market since 2009, were up only 2% in the first eight months of the year and could contract in 2015 for the first time since the market took off in the late 1990s.

However, the effect of low emission vehicles incentive was immediate and September ended the decline with a little 2.9% increase with 2.06 million vehicles sold.

According with data released by C.A.A.M., the China Association of Automobile Manufacturers, total new light passengers vehicles sold during the first nine months of the year had been17.36 million (+2.1%).

Competitive Arena

In September, the market leader Volkswagen reported the 7th year-on-year decline in a row with sales at 223.393 units (-3.3%) and market share at 11.6%.

Wuling in second place, reported a sharper fall with 115.950 sales (-14.8%) while the third, ChangAn, kept growing with 109.600 sales (+5.3%).

Buick was fourth with 97.642 units (+17.0%) followed by Toyota with 92.077 (-0.2%), Hyundai with 91.077 (-5.9%) and Honda with 89.961 (+50.5%).

As far as the groups performance, the leader was again Volkswagen Group with market share dropped at 15.9, followed by General Motors with 8.4%, Hyundai-Kia with 7.0% and ChangAn with 6.8%.

As far as the top best-selling models, in August the Wuling Hongguang led with 54.419 units (-10.3%) followed by the Buick Excelle with 48.044 (-6.1%), the Volkswagen Lavida with 39.809 (-13.1%), the Great Wall Haval H6 with 30.528 (+10.0%), the Nissan Sylphy with 30.028 (+34.0%) and the Toyota Corolla with 25.736 (-5.6%).

As far as the full best-selling models ranking in the 2015, the details on the top 100 models are reported here.

Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will always have the year to date data updated.

Rank Sep Rank 2015 Brand Sales Sep Sales Ytd Var Sep Var Ytd Share Sep Share Ytd
1 1 Volkswagen 223.392 1.993.633 -3,3% -8,7% 11,6% 11,6%
2 2 Wuling 115.950 1.123.634 -14,8% -9,9% 6,0% 6,6%
3 3 ChangAn 109.600 980.598 5,3% 12,3% 5,7% 5,7%
4 6 Buick 97.642 687.407 17,0% 2,5% 5,0% 4,0%
5 4 Toyota 92.077 743.832 -0,2% 5,5% 4,8% 4,3%
6 5 Hyundai 91.077 734.288 -5,9% -10,8% 4,7% 4,3%
7 7 Honda 89.961 655.193 50,5% 30,1% 4,7% 3,8%
8 8 Ford 66.965 618.036 -6,4% 1,7% 3,5% 3,6%
9 9 Great Wall 65.049 590.339 220,1% 140,4% 3,4% 3,4%
10 13 Chevrolet 56.878 447.174 -23,1% -17,3% 2,9% 2,6%
11 10 Dongfeng 56.583 535.687 -9,6% -2,5% 2,9% 3,1%
12 15 Audi 55.395 420.596 3,9% 0,2% 2,9% 2,5%
13 12 Haval (Great Wall) 52.081 449.404 33,4% 63,9% 2,7% 2,6%
14 20 Baojun 48.059 322.460 88,0% 264,7% 2,5% 1,9%
15 16 Geely 45.782 360.183 18,8% 30,1% 2,4% 2,1%
16 14 Kia 44.788 424.284 -24,5% -11,9% 2,3% 2,5%
17 21 Beijing Auto (BAIC) 44.133 310.346 52,0% 30,0% 2,3% 1,8%
18 17 BMW 40.288 341.964 4,8% 14,5% 2,1% 2,0%
19 19 Jac 34.920 330.691 55,8% 54,9% 1,8% 1,9%
20 23 Peugeot 33.379 289.864 -6,0% 2,2% 1,7% 1,7%
21 18 Foton 32.490 335.955 39,0% 3,0% 1,7% 2,0%
22 24 Chery 31.026 289.654 -28,2% -3,6% 1,6% 1,7%
23 22 BYD 30.636 307.309 -15,4% 3,1% 1,6% 1,8%
24 25 Mercedes 30.624 257.032 45,8% 25,9% 1,6% 1,5%
25 28 Citroen 28.564 223.238 -1,7% -10,1% 1,5% 1,3%
26 30 Skoda 23.992 199.465 1,2% -1,6% 1,2% 1,2%
27 26 Hafei 21.386 225.808 67,1% 64,6% 1,1% 1,3%
28 27 Jinbei 20.545 223.617 -23,3% -0,6% 1,1% 1,3%
29 31 Mazda 20.441 165.679 8,6% 12,6% 1,1% 1,0%
30 32 Faw 19.083 158.478 -15,0% -17,0% 1,0% 0,9%
31 29 Lifan 18.004 202.904 -26,3% -5,0% 0,9% 1,2%
32 33 Haima 13.769 135.526 -6,5% 8,3% 0,7% 0,8%
33 36 JMC 13.228 127.246 -19,8% -1,9% 0,7% 0,7%
34 35 Zotye 13.105 130.431 -7,8% 30,7% 0,7% 0,8%
35 34 Suzuki 12.683 133.165 -34,9% -30,5% 0,7% 0,8%
36 40 Volvo 8.051 57.749 30,4% -2,3% 0,4% 0,3%
37 11 Nissan 7.613 508.615 -88,3% -16,5% 0,4% 3,0%
38 48 Cadillac 7.602 43.175 56,7% 52,5% 0,4% 0,3%
39 46 MG 7.035 46.416 118,3% 16,9% 0,4% 0,3%
40 52 Soueast 6.058 38.787 -17,7% -8,8% 0,3% 0,2%
41 45 Hawtai 5.930 49.439 172,8% 94,2% 0,3% 0,3%
42 55 Changfeng 5.706 27.285 267,9% 91,9% 0,3% 0,2%
43 49 Luxgen 5.638 42.028 -17,0% 25,9% 0,3% 0,2%
44 41 Roewe 5.595 57.717 -31,8% -38,0% 0,3% 0,3%
45 58 Landwind 5.001 23.819 100,0% -5,2% 0,3% 0,1%
46 39 Jeep 4.978 61.388 -32,2% -7,2% 0,3% 0,4%
47 38 Land Rover 4.863 66.876 -48,3% -15,4% 0,3% 0,4%
48 42 Isuzu 4.859 53.559 -43,5% -30,8% 0,3% 0,3%
49 51 Infiniti 4.753 40.663 90,1% 80,7% 0,2% 0,2%
50 53 Porsche 4.663 37.098 29,5% 14,4% 0,2% 0,2%
Rank Sep Rank 2015 Group Sales Sep Sales Ytd Var Sep Var Ytd Share Sep Share Ytd
1 1 Volkswagen 307.866 2.654.308 -1,3% -6,6% 15,9% 15,5%
2 4 General Motors 162.122 1.177.756 -0,3% -5,2% 8,4% 6,9%
3 5 Hyundai-Kia 135.865 1.158.572 -13,0% -11,2% 7,0% 6,8%
4 3 ChangAn 130.986 1.206.406 12,1% 19,4% 6,8% 7,0%
5 2 SAIC 130.264 1.238.293 -12,0% -10,4% 6,7% 7,2%
6 6 Great Wall Motors 117.130 1.039.743 97,3% 100,0% 6,1% 6,1%
7 7 Toyota 96.518 796.636 -2,1% 4,5% 5,0% 4,6%
8 8 Honda 89.961 655.193 50,5% 30,1% 4,7% 3,8%
9 9 BAIC 77.268 651.613 43,3% 13,0% 4,0% 3,8%
10 10 Ford 66.965 618.036 -6,4% 1,7% 3,5% 3,6%
Rank Sep Rank 2015 Model Sales Sep YTD Sep Var Sep Var YTD Share Sep Share 2015
1 1 Wuling Hongguang 54.419 443.844 -10,30% -18,4% 2,9% 2,8%
2 3 Buick Excelle 48.044 310.852 -6,10% -23,2% 2,6% 2,0%
3 2 Volkswagen Lavida 39.809 335.625 -13,10% -11,4% 2,2% 2,1%
4 4 Great Wall Haval H6 30.528 252.824 10,00% 13,3% 1,7% 1,6%
5 7 Nissan Sylphy 30.028 219.402 34,00% 8,6% 1,6% 1,4%
6 15 Toyota Corolla 25.376 180.930 -5,60% 10,1% 1,4% 1,1%
7 10 Volkswagen Sagitar 24.230 197.226 -10,30% -16,1% 1,3% 1,2%
8 98 Baojun 560 24.228 50.514 1,3% 0,3%
9 11 Volkswagen Tiguan 22.638 194.302 11,50% 3,1% 1,2% 1,2%
10 5 Baojun 730 21.963 225.874 4,50% 584,0% 1,2% 1,4%
11 16 Wuling Mini-truck 21.647 174.215 38,80% 19,3% 1,2% 1,1%
12 17 Chevrolet Cruze 21.486 170.129 -11,40% -10,9% 1,2% 1,1%
13 6 Hyundai Elantra 21.036 219.941 -43,20% -29,3% 1,1% 1,4%
14 9 Volkswagen Santana 20.087 202.244 -10,60% -13,7% 1,1% 1,3%
15 24 Volkswagen Bora 19.576 141.432 14,50% -20,1% 1,1% 0,9%
16 20 Chevrolet Sail 19.213 151.620 -24,40% -15,3% 1,0% 1,0%
17 8 Volkswagen Jetta 18.444 202.563 -11,80% -10,0% 1,0% 1,3%
18 22 Ford Escort 18.059 146.526 1,0% 0,9%
19 14 Wuling Sunshine 17.990 181.173 -44,30% -35,8% 1,0% 1,1%
20 45 Honda CR-V 17.712 103.160 108,90% -15,1% 1,0% 0,6%
21 39 Nissan X-Trail 17.230 110.188 32,90% 46,6% 0,9% 0,7%
22 26 Volkswagen Golf 17.111 139.768 -8,50% -2,2% 0,9% 0,9%
23 12 Foton Light Truck 16.862 186.526 29,70% 59,4% 0,9% 1,2%
24 30 ChangAn CS75 16.556 127.563 79,20% 385,2% 0,9% 0,8%
25 23 Hyundai Verna 16.360 144.323 -25,30% -17,9% 0,9% 0,9%
26 25 Geely Emgrand EC7 16.155 140.231 -10,00% 42,3% 0,9% 0,9%
27 13 Ford Focus 16.057 184.201 -51,80% -37,4% 0,9% 1,2%
28 18 Wuling Rongguang 15.877 159.214 -42,40% -41,7% 0,9% 1,0%
29 37 Hyundai Mistra 15.080 111.847 22,80% 16,2% 0,8% 0,7%
30 31 ChangAn CS35 14.896 127.137 40,60% 69,0% 0,8% 0,8%
31 29 JAC Refine S3 14.848 133.202 83,20% 1543,9% 0,8% 0,8%
32 46 Buick Envision 14.692 101.002 0,8% 0,6%
33 41 Beijing Auto Huansu S3 14.520 109.427 127,70% 758,1% 0,8% 0,7%
34 19 Volkswagen Passat 14.480 156.078 -17,20% -10,8% 0,8% 1,0%
35 27 ChangAn Eado 14.372 136.898 -12,00% 16,7% 0,8% 0,9%
36 35 Volkswagen Magotan 14.298 113.333 -11,10% -29,0% 0,8% 0,7%
37 42 Audi A6 13.906 106.566 5,00% -15,6% 0,8% 0,7%
38 36 BMW 5 Series 13.839 111.867 7,10% -3,8% 0,8% 0,7%
39 34 Great Wall Haval H2 13.756 113.633 66,00% 747,6% 0,7% 0,7%
40 40 Kia K2 13.425 109.502 6,90% 0,6% 0,7% 0,7%

To know all about this market, you can read the China Car Market Insights 2015, recently published:

 

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