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.
October 2013 kept the magic momentum for the Chinese light vehicle market posting a 22% sales boom from last year and flying at 16.5 million vehicles sold in only 10 month. This report includes the best-selling 50 brands ranking in the country, with market share trend.
September 2013 Chinese light vehicle market roared a 19.3% from last year, posting one of highest ever sales figures worldwide and exceeding analyst expectations. Although LCV segment was slow, Wuling was the star of the month keeping leadership among models.
Posting a new double digit performance, the Chinese car market in August grew 11.2% keeping cumulated sales up 12.2% and running towards the spectacular 21 million annual levels. Ford boosted sales over 50% while Volkswagen kicked off a new plant.
Chinese light passengers vehicles market was very dynamic in first half 2013, surging an impressive 16% from last year. In this report, focus2move focused on Top 100 models ranking, dominated by LCV models and by Buick Excelle.
Following two years of relatively low growth, first half 2013 was really positive for the car market in China, with sales grew 16.0% from last year. In June, sales were up 10.02%. Volkswagen is dominating the market with a share almost double than the second.
Running towards the 21 million vehicles sold this year, new all-time record for China and the highest ever achieved in the world, Chinese light passenger's vehicle market posted a double digit increase in May. The Sunshine Wuling leads model ranking.
First time non-Chinese citizen discovered the Geely brand was only in 2010, at Volvo acquisition from Ford. However, the company was founded in eighties, and in spite it started car production only in 2002 today is a growing competitor in the global automotive scenario.
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.