According to data from CBU Analytics, China’s registration volume of passenger cars, MPVs and SUVs in July 2017 reached 1.85 million units, up 6.30 percent year-on-year. Passenger vehicles with engine displacement of 1.6L and below increased gradually and took up 65.65 percent of the total PV registration volume in July. Meanwhile, registration volume was 12.04 percent more than wholesale volume in July 2017, which meant market digested inventory. In the first seven months, PV registration volume decreased 1.45 percent year-on-year to 11.94 million units.
In July 2017, except Korean, French and Škoda brands, all brands saw positive growth. Chinese brand passenger vehicle end-user sales increased 9.54 percent, with SUVs taking up just about 60 percent of the volume. German brands increased 11.79 percent, Japanese brands increased 14.94 percent, and British brands increased 28.88 percent driven by SUVs, while Swedish brand Volvo Cars increased 32.93 percent. However, Korean and French brands continued to falter, with sales dropping 37.61 and 27.63 percent respectively.
In July 2017, the top 10 Chinese auto groups by passenger vehicle end-user sales were SAIC, Dongfeng, FAW, GAC, Chang’an, BAIC, Geely, Great Wall, Brilliance and Chery. Their combined sales reached 1.67 million units, up 6.95 percent, accounting for 90.50 percent of the total PV registration volume.
Geely Group sales surged 49.59 percent, with its namesake brand increasing 48.16 percent and locally-produced Volvo models increasing 36.87 percent. Driven by the Trumpchi and Jeep’s locally-produced SUVs, GAC Group sales increased 21.42 percent, while Brilliance Group increased sales by 15.03 percent powered by BMW’s locally-produced models. Sales of Great Wall increased 4.38 percent.
However, under the shadow of the French brands and the Kia brand, Dongfeng Group sales decreased 4.28 percent, with all Dongfeng’s namesake brand sales dropping in July. Chang’an Group sales fell 6.85 percent, with all brands’ sales going down in the month. BAIC Group sales decreased 13.17 percent, with locally-produced Hyundai models dropping 35.02 percent and BAIC’s Chinese brand falling 24.86 percent but locally-produced Mercedes-Benz models increasing 39.90 percent. Chery Group sales were down 1.74 percent slightly.
In July 2017, the top 10 passenger vehicle brands in end-user sales were Volkswagen, Honda, Toyota, Buick, Nissan, Geely, Baojun, Chang’an, Ford and Haval. Their combined sales reached 1.03 million units, up 14.38 percent, accounting for 55.75 percent of the total PV registration volume.
SAIC-GM-Wuling’s Baojun reached 77,003 units, up 78.21 percent, beating Geely’s growth. Geely brand reached 79,794 units, up 48.16 percent. Honda reached 120,166 units, up 18.93 percent, while Chang’an brand sales were down 0.22 percent.
For foreign brands, Volkswagen brand sales were up 10.29 percent, Honda up 18.93 percent, Toyota up 12.76 percent, Buick up 6.74 percent, Nissan up 16.15 percent, but Ford down 7.85 percent.
The top 10 provinces in registration volume were Guangdong, Jiangsu, Shandong, Henan, Hebei, Zhejiang, Sichuan, Hunan, Hubei and Anhui. Their combined sales reached 1.13 million units, accounting for 60.91 percent of the national total. SUVs accounted for 37.43 percent of the registration volume.
New energy passenger vehicle sales recovered gradually. In July 2017, the top 10 brands in end-user sales of new energy passenger vehicles were BYD, BAIC, Chery, Zhidou, Roewe, JAC, JMC, Geely, Chang’an and Zotye. Their combined sales reached 25,566 units, up 22.11 percent, accounting for 89.88 percent of the total new energy passenger vehicle registration volume. BYD brand reached 4,784 units, down 40.93 percent. Chang’an brand reached 1,564 units, driven by the Benben EV. Chery, Zhidou, JAC and JMC brand new energy passenger vehicle registration volume all increased by more than 100 percent.