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Published: 07 September 2022

• China
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Market achievements - PC + LUV – China – 2016 – By models: top 15

 

- Out of a total of 24.4 million new passenger cars sold in China in 2016, the MPV WulingHongguang (accounted in the GM group) remains the best-selling model, with 650,000 units, ahead of the SUV Haval H6 of the Great Wall Group (580,000 units) which made a real a breakthrough (+ 55.6 per cent) and the sedans VW Lavida (480,000 units), Hyundai Elantra (390,000 units) and Buick Excelle GT (370,000 units). Follow the MPV  Baojun 730 (accounted in the GM group),and the sedans Nissan Bluebird (368,000 units), VW Jetta (348,000 units) and VW Sagitar (341,000 units).

- Of the passenger cars sold in China in 2016, 50% are sedans (compared to 56% in 2015), 37% are SUVs (compared with 29% in 2015), 10% are MPVs ) and 3% are minivans (compared with 5% in 2015).

- It is to note that Chinese carmakers sold in 2016 54% of SUVs, 59% of MPVs but only 17% of the sedans. Foreign carmakers thus retain a large lead in the category of sedans, but are now dominated in the category of SUVs and minivans.

- It is also to note that imports accounted for 1.1 million passenger cars in 2016 (up from 1.3 million in 2015) and that the first importers remain BMW (206,000 units), Mercedes (143,000 units), Lexus (90 000 units), Toyota (69,000 units), Audi (68,000 units), Jeep (67,000 units) and Porsche (65,000 units).

 
   

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Published: 07 September 2022

• China
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Market achievements - PC + LUV – China - 2016

 

- The Chinese automotive market of light vehicles (“PC+LUV”: Passenger Cars  +  Light Utility Vehicles) accelerated its growth in 2016 (+ 14.3% compared to 2015), due to tax rebates on new models sold in China of less than 1600cc displacement. The Chinese market thus exceeded 28 million units (against 24.5 million in 2015). Taking into again the reduction of these taxes in 2017, Inovev expects that the growth of the Chinese market in 2017 will be lower, of the order of 5%.

- Sales of quasi-all top-15 carmakers increased in 2016 (except those of PSA), but 100% Chinese manufacturers nit in Joint Ventures with foreign companies) experienced the strongest growth, due to their position on the market: vehicles with less than 1600cc, more SUV offer, more numerous products. They increased their sales by 29.8% last year, increasing consequently their market share from 30% to 33% for PCs and from 37% to 40% for LUVs (i.e. sales of 8 million PCs and 11 million PCs+ LUVs.

- The market share of foreign carmakers that produce in Joint Venture with  Chinese companies have therefore decreased, but VW (4 million sales) and GM (3.8 million) remain by far the two leading groups . They account by themselves for 32% of the Chinese market. Next are Hyundai-Kia (1.8 million), Honda (1.2 million), Renault-Nissan (1.2 million) and Toyota (1.1 million). Three Chinese carmakers have succeeded for the first time to position themselves in the leading group: Changan (1.2 million), Great Wall (1 million) and Geely (0.9 million).

 
   

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Published: 07 September 2022

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World market achievements - PC + LUV – Toyota – 2016

 

- The Toyota Group (Toyota-Daihatsu-Lexus) has published its sales figures for the year 2016. Its worldwide sales amounted to 10.17 million vehicles, an increase of 0.2% compared to 2015. This small increase is by far lower than the world 4.6% growth in all-car sales. The Toyota group thus looses its leader position , becoming in 2016 the second world carmaker, behind the group Volkswagen.

 

- The worldwide sales of the Toyota Group in 2016 break down as follows:

1 / The United States remains its first market, with 2.45 million vehicles (-2.0%), or 24% of its worldwide sales.

2 / Japan is its second largest market, with 2.23 million vehicles (+ 2.8%), or 22% of its worldwide sales.

3 / China is its third market, with 1.06 million vehicles (+ 5.3%), or 11% of its worldwide sales.

4 / Europe is its fourth market, with 650,000 vehicles (+ 7.7%), representing 6% of its worldwide sales.

- These four markets accounted for 63% of the Toyota Group's worldwide sales in 2016, broken down into into 8.5 million vehicles under the Toyota brand, 800,000 under the Daihatsu brand and 650,000 under the Lexus brand. Toyota's top selling models in 2016 were Corolla (990,000 units), RAV4 (750,000 units), Prius (435,000 units), Yaris (425,000 units), Hilux (580,000 units), Camry 537,000 units) and Land Cruiser (365,000 units).

 
   

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Published: 07 September 2022

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Analysis of the Chinese used vehicle market

 

- China's used vehicle trade volume increased 2.3% in 2015 compared to the previous year to 9.42 million units according to China Automobile Dealers Association. Nevertheless, the ratio between new vehicle sales volume and used vehicle trade volume is still 2.61 : 1. China's market scale is only about 20% of that of the United States, which has a mature used vehicle market, which means there is still room for development.

- By taking into consideration environmental protection and tax revenues, local governments (in particular cities) have implemented restrictions on the inflow of used vehicles from outside. These restrictions have been however considered as a major factor in the slow development of China's used vehicle market. In March 2016, the General Office of the State Council issued the "Opinions on Facilitating Used-Car Trading." The Opinions requires local governments to lift any limits on inflows of second-hand vehicles from other regions, except three densely urbanized areas which face serious air pollution. Out of 299 cities which implemented restrictions on used vehicle inflow from outside, 183 cities already abolished such measures as of October 2016.

- Looking at the used vehicle market by region, trade is most active in east China, accounting for 32.4% of the national total. In particular, Guangdong province accounts for 9.98% or one tenth of the national total, making it China's largest used vehicle market. As for vehicles by type, basic passenger cars make up over 60% of the market. Second-hand commercial vehicle trade has been gradually shrinking due to stricter emission regulations and dull performance of the overall truck market. Although the composition ratio of SUVs and MPVs is increasing, their scale remains small.

- As for vehicle age, vehicles used for 3-6 years are in high demand, accounting for some 70% of all trade. For the first six months of 2016, the two most popular models are the Wuling Sunshine and GM Cruze. Meanwhile, the top 10 models account for 15,6% of all used vehicle trade.

 

 
   

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