Chinese Market Increase of 5% in First Quarter of 2017
- After 15% growth in 2016, the Chinese market seems to be slowing down and be moving towards still strong but lower growth throughout 2017. The Chinese market grew 5.1% in the first quarter of 2017. It should therefore approach the 30 million units this year (new record), accounting for one third of the world market.
- The OEMs fared very differently:
• Some saw their sales increase significantly in the first quarter of 2017: Geely Group (+ 110%), SAIC-Roewe-MG Group (+ 105%), FCA Group (+ 75.9%), Daimler Group (+ 29.6%), Mazda Group (+ 31.3%), Honda Group (+ 29.7%), Dongfeng Group (+ 29.6%) and the Renault-Nissan Group(27,1%) , Toyota Group (+ 12.7%), Great Wall (+ 9.1%), BAIC Group (+ 7.8%) and Changan (+ 6.2%).
• Other manufacturers saw their sales fall in the first quarter of 2017: GM Group (-0.7%), Volkswagen Group (-0.9%) due to a 12% fall in Audi sales, Chery (-7,5%) , BYD (-10,9%) Ford Group (-19.4%), Suzuki (-22.9%), Hyundai-Kia Group (-25.9%) and PSA Group (-45.8%).
- The two leaders remain by far VW and GM, but the former third player Hyundai-Kia, which fell sharply in the first quarter of 2017, was surpassed by Honda, Geely, Toyota, and Renault-Nissan.
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