China. Market dragged down 42% as COVID-19 forced the shutdown

China car market

Chinese Auto Market is collapsing in 2020 as a result of February’s shutdown due to Coronavirus outbreak. Indeed, year-to-date sales in February 2020 are falling 42% at 2.250.094. Almost all top 10 brands are declining over 30%, while Chery manges to contain losses, losing “just” 24.7%.

Economic Environment

The coronavirus outbreak continues to severely disrupt economic activity and will weigh heavily on economic growth in the first quarter of the year. The government has restricted transportation, which, together with widespread fear among the population, is hitting consumption and manufacturing. That said, recent monetary easing measures and targeted fiscal support from the government should be propping up activity somewhat.

Market Trend

Chinese domestic vehicles market has reduced the growing speed since 2016, after having achieved the 30% of global sales. 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, sales have been 28.2 million, up 0.9%.

The Chinese government announced on 22 May 2018 that the customs duty for CBUs had to be reduced from 25% or 20% to 15% from 1 July 2018, and that the duty for auto parts were being cut simultaneously to 6%. This adjustment means that Passenger Vehicles (PVs) had been taxed at 15% since last July, instead of the previous 25%.

However, in the 2018, new light vehicles sales (including both domestic produced and import) have lost steam, interrupting the positive trend for the first time since ’90s and closing with 27.5 million units sold (-3.7%). In 2019, the market worsened, ending at 25.5 million, down 7.2% from the previous year.

After having started negatively the new year with a 20% decline in January, the effects of the shutdown in China – due to the COVID-19 outbreak – were clearly reflected in February’s performance (-76.2%). Indeed, according to the data released by the Chinese Association of Automobile Manufacturers, year-to-date sales in February 2020 are falling 42% at 2.250.094.

Needless to say that the trend brand-wise is dramatic, as almost all top 10 brands are declining over 30%. Indeed, Volkswagen keeps dominating the ranking with 11.4% of market share, while losing 43.9% from last year, ahead of Toyota.

Geely closes the podium with 5.9% of share, followed by Honda and Changan, holding respectively 5.5% and 4.9%. Chery managed to contain losses, losing “just” 24.7% and gaining the 14th position.

Service Solutions

Since 2010, focus2move.com is a specialist in the automotive industry tracking monthly sales for all brands and models in the widest in the World range of countries, actually over 150. From this huge database we can extract data sorted under your own conditions and deliver historical data in excel. 

If you like to receive historical data or to subscribe at monthly update, contact us at kventura@focus2move.com and we will arrange a short video call. By showing you our database and segmentation, we can find together the best solutions for your team.

Rank 2020Rank 2019BrandSales YTD 2020+/- YTD 2020Sales February+/- FebruaryShare YTD 2020Share February
11Volkswagen257.427-43,9%36.679-79,4%11,4%10,3%
22Toyota161.865-31,9%12.463-82,5%7,2%3,5%
33Geely132.111-42,0%28.205-64,6%5,9%7,9%
44Honda124.503-41,6%9.081-87,8%5,5%2,6%
55Changan110.118-35,9%20.935-72,0%4,9%5,9%
66Nissan109.933-33,1%15.497-73,6%4,9%4,4%
79Dongfeng97.586-28,1%28.546-43,7%4,3%8,0%
811Mercedes77.301-36,1%15.148-68,9%3,4%4,3%
913BMW74.595-31,4%10.360-73,7%3,3%2,9%
107Buick72.955-51,6%7.940-86,2%3,2%2,2%
1110Haval65.868-51,4%7.148-85,5%2,9%2,0%
1214Audi65.525-28,9%8.433-74,7%2,9%2,4%
138Wuling48.010-67,9%5.617-90,8%2,1%1,6%
1420Chery44.945-24,7%13.583-38,8%2,0%3,8%
1519Roewe44.904-34,7%5.073-81,5%2,0%1,4%
1615Chevrolet42.079-52,8%5.089-82,1%1,9%1,4%
1721Trumpchi36.904-32,7%4.157-79,9%1,6%1,2%
1822JAC36.109-32,1%6.144-72,4%1,6%1,7%
1917Hyundai35.147-50,3%1.845-95,2%1,6%0,5%
2018BYD31.874-54,2%8.020-69,6%1,4%2,3%
2127Ford28.145-24,0%4.377-69,5%1,3%1,2%
2229MG27.211-19,1%5.242-60,9%1,2%1,5%
2323Kia25.750-49,7%1.795-91,7%1,1%0,5%
2426Baic25.509-31,7%16.661-8,3%1,1%4,7%
2512Baojun25.335-77,8%3.897-90,7%1,1%1,1%
2624Cadillac24.243-44,8%4.643-57,8%1,1%1,3%
2756Isuzu22.194174,0%2.018-52,0%1,0%0,6%
2816Foton21.335-70,6%-3.136-106,6%0,9%-0,9%
2925Lifan20.961-45,1%2.861-78,3%0,9%0,8%
3030Mazda19.419-38,4%3.013-74,9%0,9%0,8%
3139Jetour16.333-11,0%3.748-51,3%0,7%1,1%
3232JMC15.956-30,0%3.453-66,6%0,7%1,0%
3331Lexus15.520-33,5%1.872-80,4%0,7%0,5%
3433Jinbei14.418-34,7%2.688-71,3%0,6%0,8%
3568COS13.839173,5%335-86,2%0,6%0,1%
3634Great Wall13.793-33,9%1.253-87,1%0,6%0,4%
3758Hongqi13.73683,6%1.110-60,8%0,6%0,3%
3840Volvo13.387-24,6%459-92,9%0,6%0,1%
3938Maxus13.054-30,7%1.618-81,5%0,6%0,5%
4052FAW12.15429,8%2.641-51,2%0,5%0,7%
4136Lynk & Co11.074-44,3%2.066-71,6%0,5%0,6%
4245CNHTC10.082-34,2%917-85,1%0,4%0,3%
4328Skoda9.912-73,0%2.112-85,1%0,4%0,6%
4435Mitsubishi9.556-54,0%431-94,3%0,4%0,1%
4541Venucia9.465-44,8%332-93,4%0,4%0,1%
4647Porsche8.229-32,2%1.289-55,4%0,4%0,4%
4791Tesla7.349455,1%4.112607,7%0,3%1,2%
48125GAC Gonow7.1801.5830,3%0,4%
4967Fengxing7.06839,1%1.199-26,3%0,3%0,3%
5042WEY6.952-57,5%557-91,0%0,3%0,2%
5149SWM6.539-40,9%1.139-73,1%0,3%0,3%
5250Land Rover6.304-37,0%319-91,0%0,3%0,1%
5376Dorcen5.05450,4%1.1530,0%0,2%0,3%
5437Zotye4.460-76,5%1.460-83,7%0,2%0,4%
5548Bestune4.362-61,3%679-81,0%0,2%0,2%
5659Sichuan3.960-45,0%360-90,0%0,2%0,1%
5746Hawtai3.700-70,1%3.7000,0%0,2%1,0%
5865Fengguang3.661-31,0%2.5320,0%0,2%0,7%
5955Hanteng3.513-56,9%313-90,0%0,2%0,1%
6043Jeep3.484-78,5%832-84,5%0,2%0,2%
6157Lincoln3.387-55,3%309-86,7%0,2%0,1%
6254Traum3.329-60,1%3.3290,0%0,1%0,9%
6362ZX Auto3.243-46,8%295-90,6%0,1%0,1%
6463Brilliance2.982-50,1%982-70,3%0,1%0,3%
6551Peugeot2.835-70,4%582-81,1%0,1%0,2%
6666Huanghai2.748-46,5%250-90,5%0,1%0,1%
6770Infiniti2.523-45,7%362-79,6%0,1%0,1%
6877Jaguar2.437-24,2%81-94,7%0,1%0,0%
6975Change2.393-33,0%2.23520,1%0,1%0,6%
7072Jiangxi2.359-38,9%215-87,5%0,1%0,1%
7171Mini2.355-48,2%418-75,7%0,1%0,1%
7274Suzuki2.348-35,6%721-53,8%0,1%0,2%
7383Nio2.305-6,2%7078,1%0,1%0,2%
7460Borgward2.248-67,7%143-93,9%0,1%0,0%
7553Citroen2.189-76,4%738-78,9%0,1%0,2%
76125Exeed2.1124370,1%0,1%
7781Cowin1.911-26,1%502-49,9%0,1%0,1%
7878Subaru1.729-41,5%164-75,3%0,1%0,0%
7973Shandong1.706-54,5%155-93,0%0,1%0,0%
8064Soueast1.666-69,2%284-86,9%0,1%0,1%
81105Weltmeister1.594282,3%56741,8%0,1%0,2%
8282BAW1.502-41,7%189-85,1%0,1%0,1%
8386Zhengzhou1.272-41,0%116-88,4%0,1%0,0%
8497Neta1.10340,3%102-79,7%0,0%0,0%
8579Yema1.040-63,1%876-34,0%0,0%0,2%
8644Leopaard1.024-93,5%737-84,9%0,0%0,2%
8785Haima962-55,4%395-69,2%0,0%0,1%
8887Acura929-53,2%25-96,8%0,0%0,0%
8990Weichai871-35,6%121-75,5%0,0%0,0%
9092Iveco784-39,8%71-88,0%0,0%0,0%
9195Changhe670-45,9%29-97,3%0,0%0,0%
9296Xpeng630-47,5%0-100,0%0,0%0,0%
9369Renault487-89,8%25-98,4%0,0%0,0%
9484Karry447-80,3%111-92,9%0,0%0,0%
95103Zhi Dou400-17,5%4000,0%0,0%0,1%
96112Denza365280,2%692200,0%0,0%0,0%
9793Maserati361-71,2%41-88,2%0,0%0,0%
98106Bentley350-14,8%45-62,5%0,0%0,0%
9998Lark346-52,5%50-84,1%0,0%0,0%
100125Huasong30000,0%0,0%
10180Landwind258-90,6%19-97,3%0,0%0,0%
102107Wichai250-37,2%0-100,0%0,0%0,0%
103102Yudo209-60,1%101-43,9%0,0%0,0%
104101FQT187-64,6%119-74,4%0,0%0,0%
10594Alfa Romeo171-86,2%24-91,7%0,0%0,0%
106100Qoros160-74,7%68-55,6%0,0%0,0%
10789Bisu154-90,7%124-84,7%0,0%0,0%
108108Rolls-Royce119-21,2%15-58,3%0,0%0,0%
109114Dodge71-6,6%1-94,4%0,0%0,0%
110109Chrysler63-54,3%0-100,0%0,0%0,0%
111104DS51-88,1%17-89,4%0,0%0,0%
112113Aston Martin33-58,8%4-82,6%0,0%0,0%
113110Luxgen22-83,6%3-83,3%0,0%0,0%
114111Ferrari21-81,3%2-95,3%0,0%0,0%
11599Sitec20-97,2%0-100,0%0,0%0,0%
116121Fiat19-5,0%190,0%0,0%0,0%
11761Ora iQ18-99,7%8-99,7%0,0%0,0%
11888Smart17-99,0%2-99,7%0,0%0,0%
119118McLaren15-61,5%1-50,0%0,0%0,0%
120119GMC13-60,6%0-100,0%0,0%0,0%
121115Lamborghini11-84,9%5-68,8%0,0%0,0%
122122Horki8-27,3%80,0%0,0%0,0%
123120Lotus5-83,9%2-33,3%0,0%0,0%
124116SsangYong2-97,2%0-100,0%0,0%0,0%

Rank 2020Rank 2019BrandSales YTD 2020+/- YTD 2020Sales February+/- FebruaryShare YTD 2020Share February
11Volkswagen Group341.454-43,1%48.563-78,8%15,2%13,7%
22General Motors212.635-61,2%27.186-86,4%9,5%7,7%
34Toyota Group177.385-32,1%14.335-82,2%7,9%4,0%
43Geely Group156.577-41,0%30.732-67,1%7,0%8,7%
55Renault Nissan Alliance139.899-37,1%19.985-75,7%6,2%5,6%
66Honda Motor125.432-41,7%9.106-87,9%5,6%2,6%
78Dongfeng Motor117.788-27,9%32.617-45,5%5,2%9,2%
87Changan110.464-36,0%20.985-72,0%4,9%5,9%
912SAIC Motor85.169-29,8%11.933-75,9%3,8%3,4%
1010Mercedes Daimler77.318-37,0%15.150-69,2%3,4%4,3%

Rank 2020Rank 2019ModelSales YTD 2020+/- YTD 2020February sales+/- February
13Nissan Sylphy43.826-36,3%6.520-72,7%
21Volkswagen Lavida39.230-58,2%3.305-90,4%
37Toyota Corolla37.441-34,2%2.473-87,1%
412Volkswagen Bora34.014-15,0%4.107-73,1%
52Haval H631.485-55,5%5.071-80,3%
624Changan CS7529.6396,6%3.866-65,8%
719Volkswagen Sagitar29.122-9,9%2.828-82,0%
89Geely Boyue27.035-36,4%3.563-76,3%
911Geely Emgrand EC726.009-35,6%3.666-77,5%
1016Toyota Levin24.898-32,3%497-95,1%

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