Chinese Vehicles Market in the 2017 gained only 0.8% penalized by fall in the commercial vehicles demand and by restrictions on high engines displacement. Honda grew up in second place, while Geely boomed 60% landing in fourth place.
Chinese economy showed its strength once again and posted another solid reading for the quarter. GDP expanded 6.8% annually in Q4, matching Q3’s result and leading the economy to rise a strong 6.9% in the full year 2017.
While resilient private consumption and service activities continued to drive growth in Q4, the economy greatly benefited from strong global demand. Conversely, investment growth continued to moderate in Q4 amid the government’s efforts to curb pollution and overcapacity in certain industries.
Chinese domestic vehicles market in the 2016 has finally reduced the growing speed, while achieving a mix on global market of 30%. The future evolution is clearly driven more by real solution regarding the two main issues created by the last decade market boom, pollution and traffic congestion.
Chinese government has shifted its attention from total volume to engine mix and is progressively creating incentives to small and low emission vehicles, while supporting investment in the AFVs, mainly electric. In this direction, in January 2017 it has been increased the duties for vehicles with engines displacements over 1.6 liter (from 5% to 7.5%).
During the 2017, according to the data released by the C.A.A.M., (China Association of Automobile Manufacturers) new light vehicles sales have been 28.2 million, up 0.9%.
At brand-wise, the leader was Volkswagen, with 3.18 million units (+5.2%) ahead of two brands fighting head-to-head for the second place Honda with 1.453.118 (+18.1%) and ChangAn with 1.441.165 (+3.6%.
Thanks to sales increase by 60%, Geely advanced in fourth place with 1.244.129 sales (+60.5%) and overtook several brands, including Buick actually fifth with 1.206.000 (-2.3%) and Toyota, sixth with 1.200.000 (+3.0%).
In seventh place Wuling, penalized by the decline of commercial vehicles segment, with 1.172.000 sales (-14.4%).
Nissan ranks eight with 1.124.000 units (+10.7%) ahead of Baojun with 1.015.000, +33.6% and in 10th place Ford with 931.000 (-11.3%).
At model-wise, after an amazing battle for the leadership, the Wuling Hongguang prevailed with 532.000 (-18.2%) over the Volkswagen Lavida, second with 517.000 (-5.7%). In third place the Haval H6 with 505.000 (-12.9%).
The Top 100 models ranking special report is available here.
Tables with sales figures
In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models
