China’s homegrown PV Sept. wholesale volume jumps 17% MoM, CPCA

Shanghai (Gasgoo)- China's PV wholesales volume declined 6.3% over the previous year to 1,929,167 units in September, while jumped 17% compared with the Aug. performance, according to the China Passenger Car Association (CPCA).

PVs in this report refer to cars, MPVs, SUVs and minibuses locally produced in China.

Year-on-year drop in monthly wholesale volume shrank to 6.3% in September from 8.0% in August.

Automakers in China sold in September 924,042 cars and 126,847 MPVs, down by 7.5% and 12.8% from a year earlier respectively. The SUV sector featured the smallest drop, somewhat narrowing the overall decline.

Nevertheless, compared with August, all sectors achieved a rising performance.

Retail sales of locally-produced PVs in China slid 6.6% over the year-ago period, very close to that of the wholesale volume. Of that, SUV deliveries edged up 0.6%, the only sector posting growth.

The national PV retail sales jumped 13.8% from a month ago, partly thanks to substantial discounts offered by automakers who wished to take advantage of the spending spree from Mid-Autumn Festival and National Day Holiday.

The association said new energy PV wholesales volume in September slumped 33.4% from the prior-year to around 65,000 units. Of that, the volumes of all-electric and hybrid plug-in PVs tumbled 31% and 44% from a year earlier respectively.

Compared with August, the ranking of the top 6 automakers by PV wholesale volume in September remained unchanged. Great Wall Motor outsold Dongfeng Honda, which dropped 1 place to the eighth. Besides, GAC Honda and Changan Automobile entered the top 10 list with their respective PV sales exceeding 70,000 units.