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Home > Statistics > Q1 2017 PV end-user sales drop 10 percent, Geely continues hot streak

Q1 2017 PV end-user sales drop 10 percent, Geely continues hot streak

According to data from CBU Analytics, China’s registration volume of passenger cars, MPVs and SUVs in Q1 2017 reached 4.87 million units, down 10.48 percent year-on-year. Passenger vehicles with engine displacement of 1.6L and below took up 62.55 percent of the total PV registration volume in the quarter. In March, passenger vehicle sales volume reached 1.74 million units, up 3.98 percent.

In Q1 2017, except Japanese, British and Swedish brands, all other brands saw sales slump, with Korean brands’ 38.52 percent decline influenced by “anti-Korean” sentiment and French brands’ 35.54 percent drop continuing their string of falling sales dating back to second half of 2016.

In Q1 2017, the top 10 Chinese groups by passenger vehicle end-user sales were SAIC, Dongfeng, FAW, Chang’an, BAIC, GAC, Geely, Great Wall, Brilliance and Chery. Their combined sales reached 4.37 million units, down 11.16 percent, accounting for 89.60 percent of the total PV registration volume. Only GAC, Geely and Brilliance Group had significant growth. Sales of Geely Group increased 63.03 percent powered by Geely brand, GAC Group 8.69 percent driven by GAC Motor’s Trumpchi, and Brilliance Group 4.58 percent powered by BMW’s locally-produced models.

In Q1 2017, the top 10 passenger vehicle brands in end-user sales were Volkswagen, Honda, Toyota, Geely, Chang’an, Buick, Nissan, Baojun, Wuling and Haval. Their combined sales reached 2.51 million units, down 5.82 percent, accounting for 51.42 percent of the total PV registration volume. Geely brand reached 224,402 units, up 68.81 percent. SGMW’s Baojun reached 196,250 units, up 17.85 percent. However, Volkswagen brand decreased 20.75 percent to 558,180 units, but still twice the registration volume of runner-up Honda. 

The top 10 provinces in registration volume were Guangdong, Jiangsu, Shandong, Henan, Hebei, Zhejiang, Sichuan, Hunan, Hubei and Anhui. Sales of all the top 10 provinces decreased and their combined sales reached 2.95 million units, accounting for 60.62 percent of the national total. SUVs accounted for 38.24 percent of the registration volume, up 6.74 percentage points from 31.50 percent in Q1 2016.

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