China. In the 2019 sales are down 6% while Volkswagen & Honda stay afloat

World Car Group Ranking

Chinese Auto Market in September 2019 marginally increased but still on a negative trend: 18.137.803 (-6.1%). Volkswagen still leads the market, with 299.183 units sold (3.9%). Honda in second position with 146.500 units sold (+4.6%). Geely approaches the podium with 121.774 units (+13.9%).

Economic Environment

Chinese economic data suggests that  in September growth stabilized somewhat, with the manufacturing PMI inching up mostly due to solid domestic orders. Moreover, service activities remained robust in the month on the back of resilient domestic demand. In this regard, solid consumer spending during China’s 1–7 October holiday corroborates that private consumption remains the backbone of the economy.

Turning focus to trade war developments, on 11 October, the U.S. postponed a new round of tariffs scheduled for 15 October on the grounds that trade talks were progressing substantially. While the announcement boosted investor confidence, a full trade deal is not yet in sight.

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.

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.

In July, the market marginally decreased (-4.2%) with 1.783.351 sales, while in August registrations lost 9.9% with 1.885.092 units sold. In September, the sales marginally increased with 2.191.428 registrations, despite that, the trend is still negative (-6.1%). Year-to-date figures are now 18.137.803 registrations (-9.5%).

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 has been Volkswagen selling 2.219.048 units (-5.3%) and holding 12.2% of market share.

In second place, Honda has soared to 12.1% with actual figures at 1.132.749 units, followed by Toyota with 1.086.865 (+6.5%) few units ahead of Geely with 900.886 (-14.5%).

In fifth place Nissan with 876.768 units (+1.1%) followed by Changan with 781.143 (-12.9%), Wuling 723.532 (-9.3%), Buick with 642.958 (-17.7%), Mercedes with 546.964 (+7.4%) and in 10th place by BMW with 522.357 (+16.0%).

At model-wise, the Volkswagen Lavida has consolidated the leadership with 370.136 sales (+0.4%) ahead of the Nissan Sylphy with 314.097 (-3.8%) and the Wuling Mini Truck with 270.611  (+38.7%).

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

Rank 2019Rank 2018BrandSales Aug YTD 2019Sales Aug 2019+/- YTD 2019+/- Aug 2019Share YTD Aug 2019Share Aug 2019
11Volkswagen1.919.865250.837-6,6%-3,2%12,2%13,3%
24Honda986.249115.77813,3%6,0%6,3%6,1%
33Toyota963.189107.8847,6%-10,5%6,1%5,7%
42Geely779.11290.353-17,7%-19,2%5,0%4,8%
56Nissan763.749106.6621,8%5,0%4,9%5,7%
65Changan692.25672.905-13,8%6,0%4,4%3,9%
77Wuling634.65280.047-9,6%-2,5%4,0%4,2%
88Buick565.96270.328-16,7%-22,2%3,6%3,7%
912Mercedes486.11358.8007,3%10,9%3,1%3,1%
1016BMW462.00257.04617,5%4,1%2,9%3,0%
1115Haval445.99950.23910,0%17,0%2,8%2,7%
1214Audi415.06858.050-3,6%-12,7%2,6%3,1%
1310Dongfeng409.92741.535-22,0%-8,5%2,6%2,2%
1411Hyundai382.18858.103-25,3%-22,2%2,4%3,1%
1513Chevrolet368.17947.063-15,5%-10,0%2,3%2,5%
169Baojun339.41746.434-42,4%-20,0%2,2%2,5%
1719Roewe266.76530.458-13,2%-8,8%1,7%1,6%
1822Chery254.56936.694-11,3%-4,5%1,6%1,9%
1924Foton244.07628.2900,2%1,7%1,6%1,5%
2017Trumpchi238.17426.152-32,5%-38,0%1,5%1,4%
2121JAC234.80420.485-20,3%-36,8%1,5%1,1%
2220Baic208.52615.821-29,5%-31,0%1,3%0,8%
2323BYD204.93016.106-24,7%-48,4%1,3%0,9%
2426Kia191.98320.463-9,4%1,7%1,2%1,1%
2518Ford181.28724.361-44,1%-23,8%1,2%1,3%
2629MG162.11621.0464,2%9,3%1,0%1,1%
2725Skoda161.21223.500-27,6%-18,4%1,0%1,2%
2830Cadillac149.51316.4001,8%2,5%1,0%0,9%
2927Mazda137.87818.021-27,9%-19,3%0,9%1,0%
3036Lexus121.39716.52720,5%-11,0%0,8%0,9%
3131JMC120.89911.522-8,7%-9,8%0,8%0,6%
3233Isuzu119.54212.676-0,2%0,0%0,8%0,7%
3338Jinbei105.56215.4047,4%17,1%0,7%0,8%
3432Lifan99.32711.759-21,8%-13,4%0,6%0,6%
3544Volvo97.57314.22717,1%27,6%0,6%0,8%
3637Mitsubishi95.58911.984-5,0%-4,6%0,6%0,6%
3739Great Wall93.17311.494-2,0%4,5%0,6%0,6%
3828Zotye90.3627.814-47,2%-36,9%0,6%0,4%
3945Maxus86.7449.06713,9%25,0%0,6%0,5%
40122Jetour76.22013.6980,5%0,7%
4148Lynk & Co75.47710.98211,1%-11,7%0,5%0,6%
4247CNHTC72.1067.5310,0%0,0%0,5%0,4%
4343Venucia71.8677.861-17,2%30,1%0,5%0,4%
4440WEY61.1347.004-35,6%-31,2%0,4%0,4%
4554Porsche58.4126.85227,8%-19,8%0,4%0,4%
4641Jeep56.7715.983-40,0%-35,9%0,4%0,3%
4746Land Rover50.7066.385-32,7%-8,9%0,3%0,3%
4834FAW46.9764.866-56,9%-50,0%0,3%0,3%
4935Peugeot44.4283.416-57,2%-59,6%0,3%0,2%
5080Hongqi40.1025.954329,6%80,4%0,3%0,3%
5142Citroen37.2433.242-57,6%-58,1%0,2%0,2%
5252Hawtai35.41683-35,4%-99,3%0,2%0,0%
5349Leopaard34.0961.381-49,6%-78,2%0,2%0,1%
5478Traum34.0461.360192,7%-31,7%0,2%0,1%
5562ZX Auto32.2332.9500,0%0,0%0,2%0,2%
5661Lincoln32.1842.743-11,0%-53,2%0,2%0,1%
57122Bestune31.2003.5420,2%0,2%
5865SWM30.9843.0595,2%-50,0%0,2%0,2%
5968Borgward30.8394.50640,5%52,2%0,2%0,2%
60122Ora iQ30.3091.2250,2%0,1%
6157Hanteng27.6843.102-32,6%-35,6%0,2%0,2%
6266Infiniti27.0513.9201,6%20,8%0,2%0,2%
6379Tesla24.8512.893123,6%519,5%0,2%0,2%
6460Change23.5153.850-36,3%-16,1%0,1%0,2%
6571Mini22.5822.77525,3%3,5%0,1%0,1%
6663Jaguar20.5571.856-33,0%-46,8%0,1%0,1%
6770Huanghai20.2082.5720,0%0,0%0,1%0,1%
6850Soueast19.7452.025-68,4%-60,0%0,1%0,1%
6951Brilliance18.6971.811-69,1%-19,8%0,1%0,1%
7073Subaru16.6641.9194,4%-17,0%0,1%0,1%
7174Jiangxi15.5851.8480,0%0,0%0,1%0,1%
7264BAW14.193246-52,1%-93,2%0,1%0,0%
7358Suzuki14.0221.059-63,9%-65,7%0,1%0,1%
7469Yema13.9991.745-35,9%-56,6%0,1%0,1%
7577Cowin12.4301.8655,7%-25,9%0,1%0,1%
7655Renault12.2531.077-71,7%-65,3%0,1%0,1%
7756Qoros11.8993.663-71,6%-29,9%0,1%0,2%
78108Xpeng11.4173063359,7%0,1%0,0%
7994COS11.0731.730445,2%71,8%0,1%0,1%
8072Landwind10.094731-40,4%103,1%0,1%0,0%
8185Acura9.84481094,3%21,8%0,1%0,0%
82122Dorcen9.431-0,1%0,0%
8391Alfa Romeo8.710180188,6%-44,1%0,1%0,0%
8481Zhengzhou8.5561.0000,0%0,0%0,1%0,1%
8559Karry8.533410-77,3%-94,3%0,1%0,0%
8675Smart8.139679-39,8%-65,1%0,1%0,0%
87122Nio7.7194600,0%0,0%
8884Maserati6.475409-7,9%-57,3%0,0%0,0%
89122Fengguang5.309-0,0%0,0%
9053Haima5.01767-89,8%-98,9%0,0%0,0%
9186Iveco4.8435900,0%0,0%0,0%0,0%
9267Bisu4.314320-80,4%-68,3%0,0%0,0%
9383Weichai4.160405-43,8%-53,3%0,0%0,0%
9487Changhe3.82165-6,4%-72,6%0,0%0,0%
9589FQT3.073149-7,5%-41,8%0,0%0,0%
96122Lark2.9103250,0%0,0%
9790Beiqi2.558--16,4%-100,0%0,0%0,0%
9876Zhi Dou2.095--84,5%-100,0%0,0%0,0%
99100Denza2.089-156,0%-100,0%0,0%0,0%
10088Yudo1.713150-50,1%-80,7%0,0%0,0%
10182Luxgen1.443207-82,6%-53,4%0,0%0,0%
10297Bentley1.42971-22,7%-69,4%0,0%0,0%
10396Wichai1.323143-29,1%-42,3%0,0%0,0%
10492DS1.126108-61,3%-84,8%0,0%0,0%
105104Rolls-Royce7359739,7%12,8%0,0%0,0%
106122Huasong67620,0%0,0%
107111Horki675300261,0%14900,0%0,0%0,0%
108101Dodge65684-8,9%147,1%0,0%0,0%
109109Ferrari5652176,0%-32,3%0,0%0,0%
110118Lamborghini562261603,0%550,0%0,0%0,0%
111105Chrysler3829-16,0%-83,0%0,0%0,0%
112110Aston Martin3512811,1%366,7%0,0%0,0%
11398SsangYong2483-79,8%-93,0%0,0%0,0%
114113McLaren2011258,3%500,0%0,0%0,0%
115107Ram132--66,2%-100,0%0,0%0,0%
116117Lotus1166213,5%200,0%0,0%0,0%
117112GMC1125-21,7%-64,3%0,0%0,0%
118114Fiat23--78,9%0,0%0,0%
119119Alpina16--30,4%0,0%0,0%
120120TechArt5-0,0%0,0%0,0%

Rank 2019Rank 18GroupSales Aug YTD 2019Sales Aug 2019+/- YTD 2019+/- Aug 2019Share YTD Aug 2019Share Aug 2019
11Volkswagen Group2.556.548339.336-7,2%-6,5%16,2%17,9%
22General Motors2.057.835260.277-19,4%-12,9%13,0%13,8%
34Toyota Group1.084.586124.4118,9%-10,6%6,9%6,6%
46Honda Motor996.093116.58813,8%6,1%6,3%6,2%
53Geely Group952.278115.568-13,5%-14,8%6,0%6,1%
65Renault Nissan Alliance898.642123.643-2,4%2,6%5,7%6,5%
77Changan706.23974.960-12,3%7,4%4,5%4,0%
88Hyundai-Kia574.17178.566-20,7%-17,1%3,6%4,2%
912Great Wall537.44258.4687,4%10,1%3,4%3,1%
1011SAIC Motor515.62560.571-4,3%1,1%3,3%3,2%

Rank 2019Rank 2018ModelSales Aug YTD 2019Sales Aug 2019'+/- YTD 2019'+/- Aug 2019
11Volkswagen Lavida320432332590,1%-21,9%
22Nissan Sylphy27107533849-4,4%-11,8%
313Wuling Mini Truck2456113483038,7%74,2%
44Haval H623068925097-15,0%-6,0%
53Wuling Hongguang21916125017-22,4%7,9%
611Foton Light Truck2168592426921,9%27,3%
75Toyota Corolla21553011666-15,9%-59,7%
820Buick Excelle GT1936632655526,9%13,4%
917Volkswagen Bora1912092831713,0%57,5%
107Volkswagen Sagitar16787530577-19,5%11,6%
1116Volkswagen Santana16064220534-5,7%28,2%
1224Honda Civic1595152037817,7%7,7%
139Volkswagen Tiguan15045419786-24,3%-12,6%
1448Honda Accord1466641630448,8%15,9%
1512Geely Boyue14296018240-19,5%-4,2%
1615Geely Emgrand EC713988715710-18,1%-31,1%
1726Nissan X-Trail1374891839810,3%1,4%
1829Toyota Levin1374732249613,9%35,4%
1978Honda CR-V1300871574499,0%65,2%
2023Chana Light Truck12301113985-10,9%35,5%
2128Volkswagen Passat11904014270-2,5%16,9%
2238Toyota Camry117050154418,5%-0,2%
2325Jac Light Truck11533511397-12,9%0,0%
2444BMW 5 Series1140101651712,2%23,3%
2535Nissan Qashqai113662190994,3%18,1%
26259Roewe Ei51118406403571,1%61,7%
2754Mercedes E Class1109191264621,8%9,5%
2832Mercedes C Class11021013328-2,5%0,5%
2918Volkswagen Magotan10844115394-33,4%-26,9%
3037Audi A410638511936-2,0%-28,1%

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