Country Overview China is the world’s 4th larger country, with over 9.5 millions km2, but is unrivaled as 1st as number of citizens (1.350.000) and with a GDP at purchasing power parity of $ 11.3 trillion is the 2nd global economy. The Chinese is the biggest world’s car industry, with over 18 millions vehicles sold in 2011.
March 2013 sales were above expectations in the Chinese car market due to new models launched and strong dealer's rebates. Sales were up 10.9%, with first quarter up 14.8%. Full year 2013 is projected up 7%, above 20 million, first ever.
In February the light passenger's Chinese market declined only 8.6%, with cumulate sales at February up by an impressive 16%. Volkswagen hit new record share, at 17.1%, pushed by Lavida leadership on models ranking plus others 5 models in Top 10.
2013 started with new record volume for the Chinese car market with sales advancing 49% from last year when celebration for new Chinese year distorted the market trend. Nissan recovered with a share above 6th while Great Wall soared in 6th place.
In spite of its 5% increase was the slowest in years; the 2012 represented the new all-time record for the Chinese car market. It was the first time ever that sales in a country exceeded 19 million units in a year. Volkswagen was near 15% of share.
Following few months at slow pace, in November the Chinese car market posted a robust 17% increase, with year-to-date sales improving 4.9% from last year. Hyundai confirmed the 2nd place, while Toyota and Honda partially recovered share.
The Chinese car market posted in October a 5.4% increase, in spite of sales of Japanese brands collapsed. Year-to-date sales were up 3.6%. Sales of Japanese passenger car slumped 59.4% from last year with their share collapsed at 8% from usual 22%.
In September, the light vehicle market in China posted 1.520.000, down 7.9% from last year. Year-to-date sales were 13.880.000, up 3.4%. Volkswagen posted the 5th all-time record share in a string. Hyundai was 2nd again, with a record share.
In August, the light vehicle market in China posted 1.485.000 units, up 15.9% from last year. Year-to-date August sales were 12.360.000, up 4.9%. Volkswagen posted the 4th all-time record share in a string. Hyundai was 2nd with its record share.
Confirming the renewed momentum started in April, the Chinese car market rose in July with 1.370.000 sales, up 9% from last year. Year-to-date sales in July were 10.875.000, up 3.6%. Volkswagen share was up again, at 16.2%.
In June, the total light passenger's sales in China were 1.560.000, up 8.7% from last year. Year-to-date sales in June were 9.5 million, up 2.9%. The market leader, Volkswagen, sold over 1 million vehicles in the first half 2012.
In May total light passengers sales in China were 1.580.000, up 14.3% from last year. The market increase was strongly influenced by hard discounts and dealer's stock cleaning. Year-to-date sales in May were 7.944.000, up 1.8%. Audi posted the record share.
In April total light passengers sales in China were 1.634.000 units, up 8% from last year. However, Chinese Government has decided to act introducing new scrap incentives will be introduced soon. Volkswagen at the new all-time record share.
The biggest global car industry, the Chinese Dragon, will definitively rest this year as the official light passenger sales data for March 2012 are confirming focus2move.com forecast for a flat market trend in spite the robust Chinese economy is fast growing and domestic demand is rising in many sectors.
Chinese light passenger market posted a +28% increase in February at 1.5 million vehicles sold, partially recovering the -24% achieved in January. The Year to date volume at 2.924.000 is 4% down same period last year.