After discussing the 2018 China car sales ranking by brand, let’s zoom in on which models were the movers and shakers of the past year. And the Chinese car market is not only one of the most diverse with no less than 575 different nameplates in our ranking up from 531 in 2017 and 502 in 2016, but also one of the most dynamic, with big movements [Read more…]
In this section of the blog, you can find information and opinions about car sales in China. Stay up-to-date with which cars are selling the best and what we think future models will do.
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In 2018, light vehicle sales in China declined for the first time since 1990, as 23,27 million passenger cars were sold, 4% fewer than in 2017. Including minibuses and light and heavy commercial vehicles, the total car market in China declined 2,8% to 28,1 million in 2018. Sales of new energy vehicles (battery electric, plug-in hybrid and fuel cell [Read more…]
The market for domestic passenger car sales in China continues to grow in the first half of 2018, with another 8,5% gain in May to nearly 1,85 million sales. That brings the year-to-date gain to 6,75% with 9,76 million cars sold in five months. The Seasonally Adjusted Annualized selling Rate in May stood at 24,4 million, the lowest of the year so far but up by 2,2 million on May of 2017. [Read more…]
Another double digit gain for domestic passenger car sales in China which show no sign of slowing down as many analysts expected. A total of 1,9 million cars were sold in April, an increase of 14,2% over the same month in 2017. Year-to-date sales are now up 6,2% to 7,9 million cars. The Seasonally Adjusted Annualized selling Rate in April is stable at 24,8 million, similar to January and March and up from 21,2 million in April of last year. [Read more…]
Sales of domestic passenger cars in China continue to increase slowly but steadily in March 2018 with a 5% gain to 2,1 million. This brings the first-quarter figure to just a handful of sales over 6 million, a 4% increase on Q1 of 2017. The Seasonally Adjusted Annualized selling Rate in March is up to 24,8 million, similar to January and about 400.000 below February but more importantly up 1,3 million on March 2017. [Read more…]
After a rather unexpected double digit gain in January, sales of domestic passenger cars in China are down 8,4% in February. However, the explanation for these swings is that the Chinese New Year celebrations fell in February this year, while last year they fell mostly in January (Jan. 27 – Feb. 2), which means fewer business days in February 2018. Compared to 2016, when the celebrations were in the second month as well, 2018 sales are up 10%. Combined sales figures for the first two months are still up 3,2% which is actually still above expectations, as the Chinese car market was expected to slightly decline in the early stages of this year. The Seasonally Adjusted Annualized selling Rate in February is up to 25,28 million, up 400.000 on January. which is down by 1 million on January 2017 at 24,74 million. [Read more…]
Sales of domestic passenger cars in China beat all expectations for January 2018 with an 11% increase to 2,4 million sales. Analysts and experts had expected a slow start of the year as the tax cut on cars with engines of 1,6 liters or less had ended. However, January 2017 was an exceptionally slow month with stable sales on the same month in 2016 while February last year suddenly showed 20% growth on the year before. This phenomenon was due to the Chinese New Year celebrations last year falling in January, as opposed to February in 2016 and 2018. This means that next month is likely to balance off the January performance with stable sales or perhaps even a small decline. This is also reflected in the Seasonally Adjusted Annualized selling Rate which is down by 1 million on January 2017 at 24,74 million. We’ll need to analylse combined January and February figures to be able to draw a thorough conclusion of the state of the Chinese auto market. [Read more…]
After discussing the 2017 China car sales ranking by brand, let’s zoom in on which models were the movers and shakers of the past year. And the Chinese car market is not only one of the most diverse with no less than 531 different nameplates in our ranking up from 502 in 2016, but also one of the most dynamic, with big movements up and down the ranking. On the other hand, the top-4 is stable on last year, even though 3 out of those top 4 lost volume. [Read more…]
In 2017, the four-year streak of double digit growth of the Chinese domestic passenger car market ended as sales increased 2,6% to just over 24,2 million, down from +17,2% last year. This is the lowest growth rate in at least a decade and a halft, possibly longer (we don’t have exact data from before 2003). Still, it is a new annual record as sales have almost doubled since 2011 (12,3 million) and more than quadrupled since 2008 (5,6 million). [Read more…]
Sales of domestic passenger cars in China were slightly down in December 2017 as expected after record volume in the same month last year. With a volume of 2,59 million sales, the volume was down by 0,4%, the third month of decline in 2017. On the positive side, this is the highest volume of the year, as consumers pulled forward their orders for small cars (engines of 1,6 liters or less), as the sales tax on these cars returned to their normal level of 10% as of January 1st, up from 7,5% in 2017. We’ll discuss the full-year 2017 figures in a separate post, and will focus on December here: the only segment to show growth was that of crossovers and SUVs again, although even their growth has slightly slowed down [Read more…]