Chinese market decline by manufacturer
- The Chinese passenger car market fell by 14.7% over the first four months of 2019 ( a loss of 1,180,000 units over this period). This market decline is even more significant than the one recorded in 2018 (-4.1%), which was the first decline in this market in more than twenty years.
- When we look at the evolution of manufacturers' sales on the Chinese market during the first four months of 2019, we see that most of them show a decrease in their sales. Notable exceptions are Mercedes, BMW, Toyota, Honda, BYD and Great Wall, whose sales are increasing. When we now look at the evolution of manufacturers' Chinese market shares by nationality, we see that German, Japanese and Korean brands are increasing their market share while Chinese, American and French brands are reducing their market share.
- German brands grew by 20.9% of the market to 22.5% in the first four months of 2019 (compared to the first four months of 2018), Japanese brands grew from 16.6% to 20.1%, Korean brands grew from 4.0% to 4.8%.
- On the other hand, Chinese brands fell from 45.2% to 41.5%, American brands from 10.8% to 9.4%, French brands from 1.7% to 0.8%. From these observations, it seems that the decline in the Chinese market affects the cheapest models (Chinese brands) more, while the most expensive models (Mercedes, BMW, Audi) are not affected. The Chinese economic situation is therefore unfavourable to people with the lowest incomes.
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