China June. Honda & Audi shine while the market declines 12 months in a row

World Car Group Ranking

Chinese Auto Market marked the 12th consecutive decline in June, with 1.795.655 sales (-19%). Geely and Wuling were hit by a large sales drop, while impressive performances were registered by Honda and Audi. The Volkswagen Lavida lost 23%.

 

Economic Environment

Chinese economy, in the second quarter of the year, expanded at the weakest pace since at least 1992, as the trade war with the United States continued to undermine the external sector and investment. Nominal merchandise exports contracted in Q2, mostly reflecting weak global demand and spillovers from the China-U.S. trade spat. Moreover, trade disputes dragged on investment throughout the quarter despite increased bank lending causing a notable uptick in June. Volatility in China’s economic data is expected to continue further down the road until the trade dispute settles.

 

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, according to the data released by the C.A.A.M., (China Association of Automobile Manufacturers) new light vehicles sales (including both domestic produced and import) have progressively lost steam, following the deceleration of the domestic consumer demand.

Indeed, after a positive start, the market has performed negatively during the second half of the year, ending with sales down 3.7%. The market has interrupted the positive trend of recent years losing for the first time since ’90s and closing the 2018 with 27.5 million units sold.

The 2019 kept declining in January – the 7th month in a row – signing the third consecutive double-digit drop, with sales at 2.332.165 (-16.3%). February were down again signing -17.6% and 1.421.311 units.

In March, the market dropped down in double-digit (-13.7%) with 2.309.609 units, leading to year-to-date registrations at 6.082.005 (-15.4%).

The market shows no improvements (-15.6%) in April, with 1.855.118 units, and in May with 1.683.264 sales (-24.9%). In June, sales kept the same tone, losing 19% – with 1.795.655 units – leading year-to-date figures at 11.420.982 (-17.5%).

 

Market Outlook

After the recent years’ decline, the Chinese market is expected to recover over the 2019-2025 period of time. Indeed, on the economic front, fiscal and monetary easing are expected to cushion the economy against any sharp slowdown, while a further deterioration in relations between China and the U.S. is the main downside risk.

Being interested to know more, give a look at this updated research. Clicking on the picture, you can see contents.

 

Competitive Arena

The year-to-date market leader was Volkswagen selling 1.419.124 units (-8.9%) and holding 12.4% of market share.

In second place, Honda has soared to 13.3% with actual figures at 744.340 units, followed by Toyota with 711.116 (+9.3%) few units ahead of Geely with 584.547 (-19.4%).

In fifth place Nissan with 554.436 units (-3.1%) followed by Changan with 5.491.838 (-17%), Buick 439.358 (-15.4%), Wuling with 385.186 (-29.5%), Haval with 352.872 (+8.5%) and in 10th place by Mercedes with 342.044 (-7.3%).

At model-wise, the Volkswagen Lavida has consolidated the leadership with 250.252 sales (+3.7%) ahead of the Nissan Sylphy with 212.227 (+0.8%) and the Haval H6 with 182.513 (-16.5%).

The list of Chinese Best Selling models ranking for the current and previous year is available in dedicated section.

Rank 2019Rank 2018BrandSales YTD 2019Jun 2019'+/- YTD 2019 Var'+/- Jun 19Share YTD 2019Share June 2019
11Volkswagen1.419.124233.451-8,9%-9,0%12,4%13,0%
22Honda744.340134.80813,3%12,3%6,5%7,5%
34Toyota711.116118.5199,3%4,8%6,2%6,6%
43Geely584.54780.477-19,4%-35,3%5,1%4,5%
55Nissan554.43698.627-3,1%-8,1%4,9%5,5%
66Changan549.18392.877-17,0%7,1%4,8%5,2%
78Buick439.35869.847-15,4%-12,0%3,8%3,9%
87Wuling385.18618.777-29,5%-75,4%3,4%1,0%
911Haval352.87245.2568,5%9,6%3,1%2,5%
1013Mercedes342.04447.544-7,3%-23,3%3,0%2,6%
1116BMW310.71039.6958,7%-12,0%2,7%2,2%
1214Audi280.10150.666-11,7%11,1%2,5%2,8%
1310Hyundai264.21455.476-34,0%-38,7%2,3%3,1%
1415Chevrolet257.52749.340-22,8%-5,9%2,3%2,7%
159Baojun244.47435.735-48,5%-42,7%2,1%2,0%
1612Dongfeng223.15831.464-49,0%-42,6%2,0%1,8%
1718BYD222.00338.0130,5%3,4%1,9%2,1%
1819Roewe203.23829.487-15,8%-21,6%1,8%1,6%
1917Trumpchi188.81345.025-30,0%20,6%1,7%2,5%
2022Chery180.94732.233-15,3%0,6%1,6%1,8%
2120Baic173.24237.893-33,1%-7,4%1,5%2,1%
2223JAC152.87816.140-33,2%-48,9%1,3%0,9%
2324Kia150.71322.109-12,7%-18,4%1,3%1,2%
2429Cadillac120.67621.2113,5%51,5%1,1%1,2%
2528MG120.33522.5852,3%21,1%1,1%1,3%
2621Ford118.30821.084-55,0%-43,0%1,0%1,2%
2726Foton117.490942-36,9%-97,3%1,0%0,1%
2825Skoda117.21421.003-30,3%-30,6%1,0%1,2%
2933Isuzu102.56619.700-0,2%0,0%0,9%1,1%
3027Mazda101.53917.104-32,7%-14,6%0,9%1,0%
3134Lexus77.8919.56411,6%0,0%0,7%0,5%
3230Zotye73.83310.883-49,2%-37,5%0,6%0,6%
3331JMC67.2161.010-37,8%-95,0%0,6%0,1%
3436Mitsubishi65.70910.533-15,3%-15,0%0,6%0,6%
3542Volvo63.40211.9010,9%-15,3%0,6%0,7%
3632Lifan62.181619-39,2%-95,6%0,5%0,0%
3745Lynk & Co55.8778.65520,8%-6,4%0,5%0,5%
3843Venucia55.8618.986-25,9%-0,4%0,5%0,5%
3949CNHTC55.8459.6990,0%0,0%0,5%0,5%
4067Jetour52.5278.0710,5%0,4%
4135Jinbei51.8351.567-26,4%-87,7%0,5%0,1%
4239WEY46.8846.755-39,6%-38,5%0,4%0,4%
4337Great Wall46.590360-37,1%-97,4%0,4%0,0%
4447Sichuan South Chun44.75114.2000,0%0,0%0,4%0,8%
4548Maxus41.7124.573-32,4%-58,6%0,4%0,3%
4641Jeep40.2415.093-46,8%-59,9%0,4%0,3%
4744Hawtai39.0404.07918,1%-53,8%0,3%0,2%
4840Peugeot34.8824.928-60,7%-59,5%0,3%0,3%
4954Porsche31.9803.0016,8%0,0%0,3%0,2%
5074Hongqi30.6148.008919,4%166,7%0,3%0,4%
5179Traum30.1504.093275,0%250,4%0,3%0,2%
5238FAW30.0068.462-67,0%-26,1%0,3%0,5%
5351Leopaard29.9771.469-47,7%-84,1%0,3%0,1%
5450Land Rover29.0063.873-52,2%-59,0%0,3%0,2%
5546Citroen28.8404.095-60,7%-59,2%0,3%0,2%
5686Bestune25.4554.2510,2%0,2%
5758Lincoln25.1635.1090,0%0,0%0,2%0,3%
5860SWM24.3172.99030,7%-3,3%0,2%0,2%
5964ZX Auto23.5333.7500,0%0,0%0,2%0,2%
6055Hanteng22.9124.562-28,5%4,7%0,2%0,3%
6171Borgward20.1875.06624,1%31,0%0,2%0,3%
6265Infiniti18.1773.247-10,0%-34,9%0,2%0,2%
6359Change17.9993.553-39,0%-48,5%0,2%0,2%
6473Mini16.1812.54926,2%0,0%0,1%0,1%
6582Tesla16.1653.42270,3%0,0%0,1%0,2%
6670Huanghai16.1482.5610,0%0,0%0,1%0,1%
6753Brilliance15.1181.907-71,6%-85,1%0,1%0,1%
6876Shandong Kiama14.9512.8000,0%0,0%0,1%0,2%
6952Soueast14.8003.047-72,4%-30,4%0,1%0,2%
7066Jaguar13.6972.936-42,7%-29,7%0,1%0,2%
71104Ora iQ12.570-0,1%0,0%
7262Suzuki11.7371.409-64,8%-58,5%0,1%0,1%
7372Jiangxi11.4371.9420,0%0,0%0,1%0,1%
7468BAW10.069367-55,2%-91,4%0,1%0,0%
7592Dorcen9.8272.5420,1%0,1%
76122Xpeng9.5962.2372807,9%1432,2%0,1%0,1%
7777Subaru9.5881.630-16,7%-0,2%0,1%0,1%
7861Renault9.4201.503-75,1%-68,2%0,1%0,1%
7998Changhe9.2155.958159,9%197,9%0,1%0,3%
8069Yema9.1343.005-42,2%7,9%0,1%0,2%
8178Cowin8.4971.86218,2%20,4%0,1%0,1%
8281Landwind8.0751.764-50,6%-74,4%0,1%0,1%
8363Karry7.6871.011-72,1%-77,7%0,1%0,1%
8493Nio7.4811.0920,1%0,1%
8557Qoros7.4222.839-75,7%-58,1%0,1%0,2%
8680Smart7.1181.710-25,9%0,0%0,1%0,1%
8794Acura6.9001.88985,2%183,2%0,1%0,1%
8895COS6.3168567795,0%970,0%0,1%0,0%
8984Zhengzhou6.0561.0000,0%0,0%0,1%0,1%
9090Fengguang5.309-
9156Haima4.7771.465-87,8%-61,4%0,1%
9287Maserati4.019690-22,0%0,0%
9391Iveco3.6635900,0%0,0%
94100Alfa Romeo3.62331657,0%0,0%
9585Weichai3.604615-37,2%-11,5%
9675Bisu3.569546-81,6%-63,9%
9788FQT2.724618-4,3%1,1%
98110Lark2.273306
99107Denza2.089101234,2%-42,3%
100101Beiqi2.0585000,0%0,0%
10183Zhi Dou2.005105-84,3%-63,7%
10296Yudo1.383200-40,7%-83,6%
103105Bentley1.101166-21,6%0,0%
104106Wichai1.043102-27,4%-22,1%
105103DS919--54,6%-100,0%
10689Luxgen867296-88,8%-50,0%
107112Huasong674661
108113Rolls-Royce5027640,6%0,0%
109108SsangYong402107-64,1%-3,6%
110121Ferrari3782773,4%8,0%
111115Chrysler341552,7%0,0%
112111Horki315284,2%100,0%
113119Aston Martin26031-7,1%0,0%
114114Dodge25153-60,8%0,0%
115127Lamborghini2195776,0%0,0%
116120Ram14936-51,8%0,0%
117123McLaren1263127,3%19,2%
118124GMC8016-27,9%0,0%
119125Lotus685151,9%-16,7%
120123Fiat241-77,8%0,0%
121128Alpina142-33,3%0,0%
122129TechArt3-40,0%-100,0%

Rank 2019Rank 2018GroupSales YTD 2019Jun 2019'+/- YTD 2019 Var'+/- Jun 19Share YTD 2019Share June 2019
11Volkswagen Group1.849.739308.292-10,9%-8,1%16,2%17,2%
22General Motors1.447.301194.926-27,3%-31,5%12,7%10,9%
34Toyota Group789.007128.0839,5%4,4%6,9%7,1%
46Honda Motor751.240136.69713,7%13,2%6,6%7,6%
53Geely Group703.894101.038-15,8%-31,5%6,2%5,6%
65Renault Nissan Alliance647.742113.910-8,5%-12,0%5,7%6,3%
78Changan557.77294.039-15,7%8,4%4,9%5,2%
87Hyundai-Kia414.92777.585-27,6%-34,0%3,6%4,3%
99Great Wall412.32652.0112,3%-0,5%3,6%2,9%
1012SAIC Motor365.28556.645-13,2%-15,9%3,2%3,2%

Rank 2019Rank 2018ModelsSales YTD 2019Sales June'+/- June'+/- YTD 2019
11Volkswagen Lavida250.25234.330-23,0%3,7%
22Nissan Sylphy212.22733.969-22,1%0,8%
34Haval H6182.51327.0522,9%-16,5%
43Wuling Hongguang179.40818.777-27,8%-25,3%
55Toyota Corolla177.81528.527-11,5%-7,4%
613Buick Excelle GT152.11924.973107,8%32,3%
715Foton Light Truck138.14525.9660,0%0,0%
812Wuling Mini Truck137.07720.0000,0%0,0%
919Volkswagen Bora136.18826.64329,4%2,3%
1024Chana Light Truck116.15817.8550,0%0,0%
119Volkswagen Tiguan115.24625.47433,2%-23,2%
1211Volkswagen Santana115.11019.235-35,1%-21,5%
138Volkswagen Sagitar115.05817.632-25,1%-26,5%
1422Honda Civic113.90825.64155,0%17,4%
1531Honda Accord111.96819.54935,4%57,3%
1629Jac Light Truck111.31217.7650,0%0,0%
1714Geely Boyue109.71413.786-38,0%-21,1%
1823Nissan X-Trail103.49120.6738,8%6,0%
197Volkswagen Jetta98.2256.188-77,1%-31,1%
20131Roewe Ei596.70910.889133,6%890,1%
2118Geely Emgrand EC794.137--100,0%-26,5%
2248Honda CR-V92.21121.225102,7%88,1%
2327Toyota Levin92.16613.895-17,1%6,5%
2430Volkswagen Passat91.40014.66541,5%3,6%
2537Toyota Camry85.39615.508-2,3%10,9%
2650Mercedes E Class84.10612.2090,8%9,6%
2760Honda Fit83.52215.6019,1%56,2%
2826Wuling Hongguang V82.74113.7030,0%0,0%
2936Mercedes C Class82.34514.017-9,9%-4,9%
3034Audi A481.40914.17511,5%1,8%

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