Car sales in China are up 8,3% in April after a 12% increase in March. With almost 1,7 million sales of locally produced models, the market has almost doubled since 2010. The Seasonally Adjusted Annualized Selling Rate is 21 million in April, the first time ever the SAAR has topped 20 million units four months in a row. Year to date, the growth of the Chinese car market is 8,9% to 7,1 million units. After enjoying record shares of over 43% in January and February, local brands are down to 38,8% of sales, still slightly above the full year 2015 figure, but indicating the foreign brands are fighting back for their piece of the world’s largest car market. The impressive surge of SUVs is also slightly slowing, but still very impressive at +33,3% to 610.000 sales, while MPVs improve at half that speed with an increase of 16,7% to 182.000 sales and sedans are still down, this time losing 2,5% to 905.000 sales. The Chinese market is not only impressive in terms of volume, but also in terms of the number of models: 415 different locally produced models of passenger cars were sold in April, of which 7 all-new nameplates. When including imported models, pick-up trucks and minivans, the number will almost reach a dizzying 1.000 different nameplates.
The big event this month is the new best seller on top of the rankings. After another price cut of 10%, inspired by increasing competition from most notably the Baojun 560, the Haval H6 saw its sales surge 43% to 43.946 units, overtaking both the perennial best seller Wuling Hongguang MPV and the Volkswagen Lavida sedan, even when sales of the Gran Lavida hatchback are combined with those of the sedan. This means China’s best selling SUV is now also China’s best selling passenger car overall for the first time ever. Year-to-date, the Hongguang still holds that title, but the Great Wall SUV brand has picked up the gauntlet to challenge its dominance. The Baojun 560 in its turn is down into 9th place vs. #4 year-to-date, and is even outsold by its rival GAC Trumpchi GS4 for the first time since the 560’s launch last July. [Read more…]