According to data from CBU Analytics, China’s registration volume of passenger cars, MPVs and SUVs in May 2017 reached 1.80 million units, up 3.73 percent year-on-year. Passenger vehicles with engine displacement of 1.6L and below took up 65.13 percent of the total PV registration volume in May. In the first five months of the year, passenger vehicle sales volume reached 8.33 million units, down 4.86 percent.
In May 2017, Chinese brand passenger vehicle end-user sales increased 10.15 percent, with SUVs taking up 59.86 percent of the volume. British brands increased 50.33 percent driven by SUVs. However, Korean brands suffered a sales drop of 35.46 percent and French brands saw sales decrease 26.71 percent.
In May 2017, the top 10 Chinese 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 1.63 million units, up 4.29 percent, accounting for 90.80 percent of the total PV registration volume.
Driven by the Geely brand, Geely Group sales surged 79.86 percent. Sales of GAC Group increased 20.51 percent, fueled by its Trumpchi SUVs and Jeep’s locally-produced SUVs. Brilliance Group sales grew 18.39 percent powered by BMW’s locally-produced models. Sales of Great Wall went up by 15.07 percent. However, Dongfeng Group sales decreased 6.25 percent, and Chang’an Group sales decreased 11.22 percent. Due to sales slump of the Hyundai brand, BAIC Group saw sales down by 6.59 percent, but sales of locally-produced Mercedes-Benz models increased 40.12 percent.
In May 2017, the top 10 passenger vehicle brands in end-user sales were Volkswagen, Honda, Toyota, Buick, Nissan, Geely, Haval, Baojun, Chang’an and Ford. Their combined sales reached 979,436 units, up 8.77 percent, accounting for 54.42 percent of the total PV registration volume. Geely brand reached 79,110 units, up 81.14 percent. Haval reached 70,057 units, up 22.46 percent. SGMW’s Baojun reached 68,212 units, up 50.98 percent. However, Chang’an brand decreased 11.40 percent, with CS75 down 0.44 percent and CS35 down 30.52 percent, Honor down 33.86 percent and Auchan down 32.41 percent.
The top 10 provinces in registration volume were Guangdong, Jiangsu, Shandong, Hebei, Zhejiang, Henan, Sichuan, Hunan, Anhui and Hubei. Their combined sales reached 1.10 million units, accounting for 60.89 percent of the national total. SUVs accounted for 38.13 percent of the registration volume.