According to data from CBU Analytics, China’s registration volume of passenger cars, MPVs and SUVs in October 2017 reached 2.18 million units, up 5.55 percent year-on-year. Passenger vehicles with engine displacement of 1.6L and below increased to take up 69.72 percent of the total PV registration volume, as purchase tax rate will go back to the normal 10 percent from the current 7.5 percent starting January 1, 2018. In the first 10 months, PV registration volume increased 0.78 percent to 18.47 million units.
In October, Chinese brand passenger vehicle end-user sales increased 5.04 percent, with SUVs taking up 61.71 percent of the volume. German brands increased 13.85 percent, Japanese brands increased 13.94 percent, British brands increased 41.08 percent driven by SUVs and American brands increased 3.45 percent while Swedish brand Volvo Cars increased 33.77 percent. However, Korean and French brands fell 26.41 and 15.34 percent respectively, while Czech brand Škoda decreased 3.67 percent.
In October, 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 reached 1.98 million units, up 6.34 percent, accounting for 90.97 percent of the total PV registration volume.
Geely Group sales surged 52.14 percent, with its namesake brand increasing 54.59 percent and locally-produced Volvo models increasing 47.45 percent.
SAIC Group sales increased 12.70 percent, with Baojun up 48.48 percent, Roewe up 32.66 percent, MG up 66.35 percent, SAIC-Volkswagen up 14.90 percent, locally-produced Chevrolet models up 23.41 percent and locally-produced Cadillac models up 29.58 percent.
Sales of GAC Group increased 18.48 percent, with the Trumpchi brand up 26.56 percent, Jeep’s locally-produced SUVs up 36.34 percent, GAC-Toyota up 24.73 percent and GAC-Honda up 13.75 percent.
Brilliance Group sales increased 6.56 percent powered by BMW’s locally-produced models. Great Wall achieved sales increase of 1.11 percent.
However, Dongfeng Group sales decreased 1.74 percent year-on-year, with French brands, Kia and all Dongfeng’s namesake brand sales dropping, except Japanese brands’ growth.
Chang’an Group sales decreased 2.82 percent, with all brands’ sales dropping, except Chang’an’s namesake brand and Chang’an-Mazda’s growth.
BAIC Group sales decreased 13.17 percent, with locally-produced Hyundai models dropping 24.86 percent and BAIC’s Chinese brand dropping 22.26 percent but locally-produced Mercedes-Benz models increasing 22.96 percent.
Chery Group sales decreased 20.75 percent.
In October, the top 10 passenger vehicle brands in end-user sales were Volkswagen, Honda, Geely, Nissan, Toyota, Chang’an, Baojun, Buick, Ford and Hyundai. Their combined sales reached 1.2 million units, up 12.27 percent, accounting for 55.13 percent of the total PV registration volume.
Geely brand sales reached 117,133 units, up 54.59 percent. Sales of SAIC-GM-Wuling’s Baojun reached 100,341 units, up 48.48 percent, while Chang’an brand sales increased 5.44 percent.
However, for foreign brands, sales of Volkswagen brand were up 14.06 percent to 294,086 units, Honda up 24.13 percent to 134,315 units, Nissan up 3.03 percent to 104,487 units, Toyota up 22.58 percent to 104,412 units, but American brands Buick and Ford were down 2.59 and 7.73 percent respectively, and Hyundai was down 24.98 percent to 72,290 units.
The top 10 brands by new energy passenger vehicle end-user sales were BYD, BAIC, JAC, Roewe, Chang’an, Zhidou, JMC, Zotye, Geely and Baojun. Their combined sales reached 37,690 units, up 46.67 percent, accounting for 85.72 percent of the total new energy passenger vehicle registration volume. BYD brand sales reached 9,330 units, up 133.02 percent. Sales of BAIC brand reached 6,663 units, up 120.63 percent. JAC brand sales quadrupled, Roewe sales tripled, while Chang’an sales reached 2,777 units and Baojun reached 1,664 units.