The Chinese market is up 4.8% in the first nine months of 2017
- The Chinese market (PC + LCV) increased by 4.8% in the first nine months of 2017 with a volume of 20.2 million units.
- This result confirms the trend observed since the beginning of the summer, that is to say a growth of about 5%, much lower than that recorded in 2016 which had been boosted by purchase incentives (reduction of taxes on models less than 1600cc). At this rate, the Chinese market should be between 29 million and 29.5 million registrations throughout the year. This figure will now represent 30% of the world market.
- One must recall that China has 46 national manufacturers plus 15 foreign manufacturers, so sixty one manufacturers in total producing locally. It is the country that has the most automotive manufacturers. The number of manufacturers is expected to decrease over the next five years, to reach a total of about forty manufacturers.
- In 2017, seven manufacturers have more than half of the Chinese market: the Volkswagen group (15%), the GM group (14%), Honda (5%), Changan (5%), Geely (5%), Renault- Nissan (5%) and Toyota (5%). Among these seven manufacturers are two independent Chinese manufacturers (Changan and Geely), two Europeans (Volkswagen and Renault-Nissan), two Japanese (Honda and Toyota) and one American (GM).
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