According to data from CBU Analytics, China’s registration volume of passenger cars, MPVs and SUVs reached 16.22 million units from January to September, up 19.88 percent year-on-year. In September, registration volume reached 2.15 million units, up 34.43 percent.
In September, the top 10 passenger vehicle manufacturers in end-user sales were SAIC-VW, SAIC-GM, FAW-VW, SAIC-GM-Wuling, Beijing-Hyundai, Dongfeng-Nissan, Chang’an Auto (Chongqing), Chang’an-Ford, Great Wall Motor and Geely. Their combined sales reached 1.23 million units, accounting for 56.08 percent of the total passenger vehicle registration volume.
New energy passenger vehicle (including hybrids) registration grew 152.06 percent to 39,979 units in September, accounting for 1.86 percent of the total passenger vehicle registration volume. Battery electric passenger vehicle sales reached 22,834 units, up 156.5 percent, hybrid passenger vehicle sales surged 233.26 percent and plug-in hybrid passenger vehicle sales increased 74.1 percent. The top 10 bestselling models were Toyota Corolla Hybrid, Toyota Levin Hybrid, BAIC EX200, BYD Tang, Zhidou D2, BYD Qin PHEV, Lexus ES300h, Chery eQ, BYD e5 and BYD Qin EV. Their combined sales reached 19,581 units, accounting for 48.98 percent of the new energy passenger vehicle registration volume.
Registration of imported passenger vehicles recovered from the recession of H1 2016 to increase 6.09 percent to 100,638 units, accounting for 4.69 percent of the passenger vehicle registration volume. The top 10 bestselling models were BMW X5, Porsche Macan, BMW X3, Toyota Prado, Subaru Forester, Lexus ES200, Land Rover Range Rover, Lexus RX200t, Mercedes-Benz GLA200 and Land Rover Range Rover Sport. Their combined sales reached 25,456 units, accounting for 25.29 percent of the imported vehicle registration volume. All models in the top 10 were SUVs except the Lexus ES200, while 14 out of the top 20 were SUVs, with combined sales accounting for 75.59 percent of the top 20 model registration volume. It is quite clear: Chinese consumer’s love affair with SUVs is even stronger in the imported vehicle market.