In 2018 China's auto market fell for the first time in 20 years
- The Chinese car market is likely to decline by 3% in 2018 (the first decline in two decades); the final figures will be made public in mid-January 2019. However, Chinese manufacturers expect a stabilization of the market in 2019. The Chinese market would reach therefore a volume of 28 million vehicles in 2018, and the same volume in 2019, divided into 23.6 million passenger cars and 4.4 million commercial vehicles.
- In 2018, 57% of models sold come from J.V.s (joint ventures with foreign manufacturers) while 43% come from Chinese manufacturers ( vs 41% in 2017). Thus, among the top 20 models sold in China in the first 10 months of 2018, five come from exclusively Chinese manufacturers (2 Geely, 1 Wuling, 1 Baojun and 1 Great Wall).
- Next year a change in the distribution of sales between thermal vehicles and electrified vehicles is expected, since the Chinese government quotas on sales of electrified vehicles will come into effect in 2019.
- From 900,000 electrified vehicles (PHEV + BEV) sold in China in 2018 (+ 50% compared to 2017) - making it already the world's largest market for electrified vehicles - volume could rise to 2 million units in 2019 and 3 million in 2020, if the Chinese clientele is really incentivized to buy this type of vehicle. In 2017, 600,000 electrified vehicles were sold in China, 352,000 units in 2016 and 207,000 units in 2015.
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