The evolution of vehicle imports in China
- The volume of car imports in China increased significantly between 2005 and 2014, from less than 200,000 to more than 1,200,000 units per year during this period. It then dropped to 1 050 000 units in 2016 and increased to 1 130 000 units in 2017. The level of taxes on imported cars generally defines the volume of imports. The evolution of imports over the next two to three years in China will depend on the increase or decrease of taxes on imported cars (we are talking about notably an increase in taxes on cars imported from the USA).
- By manufacturer, BMW and Mercedes remain the two largest importers of cars in China, although they are producing more and more in this country for local demand. In 2017, they imported almost 180,000 cars each, nearly one-third of all car imports in China.
- Premium brands are the main importers in China, since behind BMW and Mercedes, there is the presence of Lexus (130,000 units), Porsche (70,000 units), Land Rover (56,000 units), Lincoln (53,000 units), Audi (52,000 units), Mini (33,000 units), Volvo (23,000 units), Jaguar (23,000 units) or Infiniti (20,000 units).
- In total, Premium brands account for nearly 80% of imports into China, proof that luxury models are not yet widespread in Chinese auto production.
Contact us: info@inovev.com