Shanghai (Gasgoo)- According to the China Passenger Car Association (CPCA), China's passenger vehicle (PV) retail sales reached 1,734,188 units, growing 11.1% month on month, while still falling 7.4% year on year. From January to August, the nationwide PV retail sales totaled 14,274,246 units, edging up 1.3% over the previous year, which was 1.4 percentage points lower than that of the previous month (the “PV” mentioned here refers to car, SUV and MPV locally produced in China).
As to the performance of each segment in August, the retail sales of the car, MPV and SUV segments all presented increase over the sale volume in July. However, compared with the performance a year ago, the three major PV segments still failed to achieve positive growth. Affected by the unfavorable sales performance of China-owned SUV models, China's total SUV sales shrank 8.5% over the year-ago period to 716,527 units last month.
In August, the PV wholesale volume aggregated 1,760,447 units in China, up by 12.4% from a month ago, while sliding 5.0% over the previous year. For the first eight months, the nationwide PV wholesale volume reached 14,889,455 units, a year-on-year growth of 3.1%.
The top 3 PV makers by August wholesale volume were still FAW-Volkswagen, SAIC-GM and SAIC Volkswagen. Geely Auto, Dongfeng Nissan and SAIC-GM-Wuling ranked fourth to sixth with their rankings remaining same as the previous month. Geely Auto was the only self-owned PV makers on the list. Beijing Hyundai came back to the top 10 list last month, following SAIC-GM-Wuling. Besides, Changan Automobile, ranking 9th in July, fell out of the list last month.
Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods.
All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: email@example.com.