China’s PV market fails to see year-on-year rebound in November

Shanghai (Gasgoo)- In November, automakers in China sold a total of 2,075,266 locally-produced PVs (referring to cars, MPVs, SUVs and minibuses), posting a year-on-year decrease of 4.7%, while achieving an evident growth of 7.5% from the previous month, according to the China Passenger Car Association (CPCA).

SUV was the only sector whose Nov. wholesale volume was more than the year-ago period. Besides, the car, MPV and minibus sectors all featured double-digit sales decrease.

Year-to-date auto wholesales volume in China fell 10.2% to 19,276,432 units. Thanks to the upward performance in November, the decrease in SUV sales was shrunk to 6.4% from 7.6% in October. Actually, the SUV sector has been facing increasingly smaller decline in year-to-date sales since April. The other three sectors were still hit by two-digit decline.

Some significant changes happened in terms of the landscape of the top 10 automakers by Nov. PV wholesale volume. Geely Auto, which had long occupied the fourth place, sometimes fifth, moved up to the third. However, SAIC-GM, the previous second runner-up, fell two places to the fifth, even outsold by Dongfeng Nissan.

Moreover, Volkswagen's two joint ventures were still honored the champion and the runner-up. The rankings of SAIC-GM-Wuling, Great Wall Motor, Changan Automobile and Dongfeng Honda remained unchanged compared with October. Besides, FAW Toyota was once again appeared on the top 10 list after July.

As for the performance of terminal market, 1,966,189 consumers took delivery of China-made PVs last month, sliding 4.2% from the prior-year period, while climbing 5.1% over a month ago. Moreover, there were 18,871,528 PVs handed over to consumers so far this year, a year-over-year drop of 7.9%.