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

China new vehicles market

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 SepRank 2015BrandSales SepSales YtdVar SepVar YtdShare SepShare Ytd
11Volkswagen223.3921.993.633-3,3%-8,7%11,6%11,6%
22Wuling115.9501.123.634-14,8%-9,9%6,0%6,6%
33ChangAn109.600980.5985,3%12,3%5,7%5,7%
46Buick97.642687.40717,0%2,5%5,0%4,0%
54Toyota92.077743.832-0,2%5,5%4,8%4,3%
65Hyundai91.077734.288-5,9%-10,8%4,7%4,3%
77Honda89.961655.19350,5%30,1%4,7%3,8%
88Ford66.965618.036-6,4%1,7%3,5%3,6%
99Great Wall65.049590.339220,1%140,4%3,4%3,4%
1013Chevrolet56.878447.174-23,1%-17,3%2,9%2,6%
1110Dongfeng56.583535.687-9,6%-2,5%2,9%3,1%
1215Audi55.395420.5963,9%0,2%2,9%2,5%
1312Haval (Great Wall)52.081449.40433,4%63,9%2,7%2,6%
1420Baojun48.059322.46088,0%264,7%2,5%1,9%
1516Geely45.782360.18318,8%30,1%2,4%2,1%
1614Kia44.788424.284-24,5%-11,9%2,3%2,5%
1721Beijing Auto (BAIC)44.133310.34652,0%30,0%2,3%1,8%
1817BMW40.288341.9644,8%14,5%2,1%2,0%
1919Jac34.920330.69155,8%54,9%1,8%1,9%
2023Peugeot33.379289.864-6,0%2,2%1,7%1,7%
2118Foton32.490335.95539,0%3,0%1,7%2,0%
2224Chery31.026289.654-28,2%-3,6%1,6%1,7%
2322BYD30.636307.309-15,4%3,1%1,6%1,8%
2425Mercedes30.624257.03245,8%25,9%1,6%1,5%
2528Citroen28.564223.238-1,7%-10,1%1,5%1,3%
2630Skoda23.992199.4651,2%-1,6%1,2%1,2%
2726Hafei21.386225.80867,1%64,6%1,1%1,3%
2827Jinbei20.545223.617-23,3%-0,6%1,1%1,3%
2931Mazda20.441165.6798,6%12,6%1,1%1,0%
3032Faw19.083158.478-15,0%-17,0%1,0%0,9%
3129Lifan18.004202.904-26,3%-5,0%0,9%1,2%
3233Haima13.769135.526-6,5%8,3%0,7%0,8%
3336JMC13.228127.246-19,8%-1,9%0,7%0,7%
3435Zotye13.105130.431-7,8%30,7%0,7%0,8%
3534Suzuki12.683133.165-34,9%-30,5%0,7%0,8%
3640Volvo8.05157.74930,4%-2,3%0,4%0,3%
3711Nissan7.613508.615-88,3%-16,5%0,4%3,0%
3848Cadillac7.60243.17556,7%52,5%0,4%0,3%
3946MG7.03546.416118,3%16,9%0,4%0,3%
4052Soueast6.05838.787-17,7%-8,8%0,3%0,2%
4145Hawtai5.93049.439172,8%94,2%0,3%0,3%
4255Changfeng5.70627.285267,9%91,9%0,3%0,2%
4349Luxgen5.63842.028-17,0%25,9%0,3%0,2%
4441Roewe5.59557.717-31,8%-38,0%0,3%0,3%
4558Landwind5.00123.819100,0%-5,2%0,3%0,1%
4639Jeep4.97861.388-32,2%-7,2%0,3%0,4%
4738Land Rover4.86366.876-48,3%-15,4%0,3%0,4%
4842Isuzu4.85953.559-43,5%-30,8%0,3%0,3%
4951Infiniti4.75340.66390,1%80,7%0,2%0,2%
5053Porsche4.66337.09829,5%14,4%0,2%0,2%
Rank SepRank 2015GroupSales SepSales YtdVar SepVar YtdShare SepShare Ytd
11Volkswagen307.8662.654.308-1,3%-6,6%15,9%15,5%
24General Motors162.1221.177.756-0,3%-5,2%8,4%6,9%
35Hyundai-Kia135.8651.158.572-13,0%-11,2%7,0%6,8%
43ChangAn130.9861.206.40612,1%19,4%6,8%7,0%
52SAIC130.2641.238.293-12,0%-10,4%6,7%7,2%
66Great Wall Motors117.1301.039.74397,3%100,0%6,1%6,1%
77Toyota96.518796.636-2,1%4,5%5,0%4,6%
88Honda89.961655.19350,5%30,1%4,7%3,8%
99BAIC77.268651.61343,3%13,0%4,0%3,8%
1010Ford66.965618.036-6,4%1,7%3,5%3,6%
Rank SepRank 2015ModelSales SepYTD SepVar SepVar YTDShare SepShare 2015
11Wuling Hongguang54.419443.844-10,30%-18,4%2,9%2,8%
23Buick Excelle48.044310.852-6,10%-23,2%2,6%2,0%
32Volkswagen Lavida39.809335.625-13,10%-11,4%2,2%2,1%
44Great Wall Haval H630.528252.82410,00%13,3%1,7%1,6%
57Nissan Sylphy30.028219.40234,00%8,6%1,6%1,4%
615Toyota Corolla25.376180.930-5,60%10,1%1,4%1,1%
710Volkswagen Sagitar24.230197.226-10,30%-16,1%1,3%1,2%
898Baojun 56024.22850.5141,3%0,3%
911Volkswagen Tiguan22.638194.30211,50%3,1%1,2%1,2%
105Baojun 73021.963225.8744,50%584,0%1,2%1,4%
1116Wuling Mini-truck21.647174.21538,80%19,3%1,2%1,1%
1217Chevrolet Cruze21.486170.129-11,40%-10,9%1,2%1,1%
136Hyundai Elantra21.036219.941-43,20%-29,3%1,1%1,4%
149Volkswagen Santana20.087202.244-10,60%-13,7%1,1%1,3%
1524Volkswagen Bora19.576141.43214,50%-20,1%1,1%0,9%
1620Chevrolet Sail19.213151.620-24,40%-15,3%1,0%1,0%
178Volkswagen Jetta18.444202.563-11,80%-10,0%1,0%1,3%
1822Ford Escort18.059146.5261,0%0,9%
1914Wuling Sunshine17.990181.173-44,30%-35,8%1,0%1,1%
2045Honda CR-V17.712103.160108,90%-15,1%1,0%0,6%
2139Nissan X-Trail17.230110.18832,90%46,6%0,9%0,7%
2226Volkswagen Golf17.111139.768-8,50%-2,2%0,9%0,9%
2312Foton Light Truck16.862186.52629,70%59,4%0,9%1,2%
2430ChangAn CS7516.556127.56379,20%385,2%0,9%0,8%
2523Hyundai Verna16.360144.323-25,30%-17,9%0,9%0,9%
2625Geely Emgrand EC716.155140.231-10,00%42,3%0,9%0,9%
2713Ford Focus16.057184.201-51,80%-37,4%0,9%1,2%
2818Wuling Rongguang15.877159.214-42,40%-41,7%0,9%1,0%
2937Hyundai Mistra15.080111.84722,80%16,2%0,8%0,7%
3031ChangAn CS3514.896127.13740,60%69,0%0,8%0,8%
3129JAC Refine S314.848133.20283,20%1543,9%0,8%0,8%
3246Buick Envision14.692101.0020,8%0,6%
3341Beijing Auto Huansu S314.520109.427127,70%758,1%0,8%0,7%
3419Volkswagen Passat14.480156.078-17,20%-10,8%0,8%1,0%
3527ChangAn Eado14.372136.898-12,00%16,7%0,8%0,9%
3635Volkswagen Magotan14.298113.333-11,10%-29,0%0,8%0,7%
3742Audi A613.906106.5665,00%-15,6%0,8%0,7%
3836BMW 5 Series13.839111.8677,10%-3,8%0,8%0,7%
3934Great Wall Haval H213.756113.63366,00%747,6%0,7%0,7%
4040Kia K213.425109.5026,90%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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