According to data from CBU Analytics, China’s registration volume of passenger cars, MPVs and SUVs in H1 2017 reached 10.09 million units, down 2.75 percent year-on-year, which was the worst performing first half year since 2012. Passenger vehicles with engine displacement of 1.6L and below took up 63.79 percent of the total PV registration volume in H1. Meanwhile, wholesale volume was 8.36 percent more than registration volume in H1 2017, which meant inventory problem was the most serious since 2012.
In H1 2017, except the Chinese, Japanese, British and Volvo brands, all other brands saw negative growth. Chinese brand passenger vehicle end-user sales increased 2.42 percent, with SUVs taking up 57.88 percent of the volume. Japanese brands increased 6.77 percent and British brands increased 33.49 percent driven by SUVs, while Swedish brand Volvo increased 15.90 percent. However, Korean brands suffered a sales drop of 36.97 percent and French brands saw sales decrease 31.04 percent.
In H1 2017, the top 10 Chinese groups by passenger vehicle end-user sales were SAIC, Dongfeng, FAW, Chang’an, GAC, BAIC, Geely, Great Wall, Brilliance and Chery. Their combined sales were down 2.90 percent to 9.09 million units, accounting for 90.08 percent of the total PV registration volume.
Driven by its namesake brand, Geely Group sales surged 69.93 percent. GAC Group sales increased 15.53 percent, fueled by its Trumpchi and Jeep’s locally-produced SUVs. Sales of Brilliance Group increased 9.85 percent powered by BMW’s locally-produced models, and that of Great Wall increased 2.60 percent.
However, end-user sales of other groups saw negative growth. Chang’an Group sales decreased 17.46 percent, with all brands’ sales dropping. BAIC Group sales decreased 13.85 percent, with locally-produced Hyundai models dropping 35.37 percent but locally-produced Mercedes-Benz models increasing 39.05 percent.
In H1 2017, the top 10 passenger vehicle brands in end-user sales were Volkswagen, Honda, Toyota, Buick, Geely, Nissan, Chang’an, Baojun, Haval and Ford. Their combined sales reached 5.33 million units, up 2.31 percent, accounting for 52.85 percent of the total PV registration volume.
Geely brand sales reached 454,565 units, up 74.90 percent. SGMW’s Baojun reached 388,602 units, up 34.31 percent. Haval reached 366,940 units, up 11.03 percent. However, Volkswagen brand sales were down 8.71 percent, Buick down 11.80 percent, Chang’an down 11.08 percent, and Ford down 17.79 percent.
The top 10 provinces in registration volume were Guangdong, Jiangsu, Shandong, Henan, Hebei, Zhejiang, Sichuan, Hunan, Anhui and Hubei. Their combined sales reached 6.16 million units, accounting for 61.01 percent of the national total. SUVs accounted for 37.87 percent of the total registration volume.
In H1 2017, the top 10 brands by new energy passenger vehicle end-user sales were BYD, BAIC, Roewe, Zhidou, JMC, Chery, JAC, Geely, Chang’an and Zotye. Their combined sales reached 81,711 units, up 5.90 percent, accounting for 89.42 percent of the total new energy PV registration volume. BYD brand reached 10,462 units, down 50.95 percent. JAC brand reached 5,898 units, down 31.37 percent.