Overview of the Chinese market in 2015
- The Chinese automotive market experienced in 2015 a growth of 4.3% while it was down for five straight months, between April and August. It is the tax cuts on small cars that helped revive the market from September. This is a new record that has been achieved by the Chinese market, with nearly 25 million units (24.5 million to be exact), but the market growth observed in 2015 is the lowest in three years. The next few years should confirm the slowdown.
- This more moderate growth recorded in 2015 coincides with a country's economic growth that is now lower than before, to the point that some analysts even speak of a "Chinese crisis".
- By brand, Volkswagen (12.6% market share, -1.6%) remains the leader of the Chinese market, far ahead of Wuling (6.1% market share, -7.8%), Changan (5.3% market share , + 14.4%), Hyundai (5.0% market share, -5.1%), Nissan (4.9% market share, up 6.1%), Buick (4.9% market + 12.9%), Toyota (4.8% market share, +5.6%), Honda (4.7% market share, + 23.1%), Ford (4.1% of the market, +8, 6%) and Great Wall (3.6% market share, + 23.0%). Among the ten best-selling brands, only Volkswagen, Hyundai and Wuling are down compared to 2014. The largest increases were recorded for Honda , Great Wall, Changan and Buick.
- The ten best-selling models in 2015 are: WulingHongguang (655 531 units), VW Lavida (379 069), Great Wall Haval H6 (373 229), Nissan Sylphy (334 087), Baojun 730 (321 069) , Toyota Corolla (300 641), Hyundai Elantra (280 339), VW Sagitar (279 892), VW Jetta (274 932), Buick Excelle GT (269 703). Volkswagen ranked three models in the top 10.
Contact us: info@inovev.com