The Chinese market (PC + LUV) decrease by 1.8% in 2020
- The Chinese light vehicle market (passenger cars – PCs and light utility vehicles - LUVs) decrease by 1.8% in 2020, to 25,311,069 units, which is one of the best results recorded last year, while the market global automobile fell by nearly 14% according to Inovev. Only two relatively large auto markets outperformed China in 2020: South Korea and Turkey. These two countries have even seen their sales increase.
- Regarding China, it is interesting to observe that the passenger car market and the light utility vehicles did not develop in the same way in 2020. The passenger car market fell by 5.9% while the LUV market grew by 18.7%. The share of LUVs therefore increased to 20% of the market in 2020, against 17% in 2019. Overall, the Chinese automotive market consolidates its dominant position in 2020.
- The Volkswagen group remains the leader of the Chinese market, with a 14.2% market share, ahead of GM (12.1%), Honda (6.5%), Toyota (6.1%) and Geely (6%), which remains the leading Chinese local carmaker. Next come Renault-Nissan (5.2%), Changan (5%) which made a strong comeback in 2020, Great Wall (4.4%), Dongfeng (3.9%) and SAIC MG-Roewe (3,7%).
- Chinese carmakers occupied 39% of the Chinese market in 2020, a stable share compared to 2019, the remaining 61% being occupied by foreign carmakers mostly producing in Joint Ventures with Chinese assemblers (SAIC, FAW, BAIC, DFM, GAC).
- SUV sales continued to grow in the Chinese market in 2020, with 46.5% of registrations, surpassing sedan sales for the first time, with 44.5% of registrations. MPVs have fallen to 5% of the market.
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