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China‘s Sept. auto sales jump MoM, but NEV sales plunge 34.2% YoY

Monika From Gasgoo| October 14 , 2019

Shanghai (Gasgoo)- China's auto market faced its 15th-month-in-a-row decline in monthly sales as of September, 2019, according to a report released by the China Association of Automobile Manufacturers (CAAM).

China auto sales September 2019, China NEV sales 2019, China automotive news

Last month, 2,271,000 vehicles were sold across the world's largest auto market, dropping 5.2% year on year. Nevertheless, compared with August, this number still showed an evident growth of 16% because September is a conventional peak season for auto sale in China.

For the first three quarters, Chinese automaker sold 18,371,000 vehicles in total, a decrease of 10.3% over a year ago, versus 11% decline in Jan.-Aug. sales.

China auto sales September 2019, China NEV sales 2019, China automotive news

In September, the PV outputs and sales reached 1,865,000 units and 1,931,000 units respectively, up by 10.1% and 16.8% from the previous month, while down by 7.9% and 6.3% from the previous year. Four major sectors—the car, the SUV, the MPV and the Minibus—all achieved month-on-month growth in both outputs and sales, of which the MPV sector boasted the biggest one.

China auto sales September 2019, China NEV sales 2019, China automotive news

Year-to-date PV outputs and sales in China fell 13.1% and 11.7% over the year-ago period respectively with four sectors all posting decrease. Compared with Jan.-Aug. year-on-year change, the SUV sector featured smaller drop in both outputs and sales.

In September, CV sales in China amounted to 345,000 units and 340,000 units, climbing 4% and 1.9% compared with the prior-year respectively. However, the growth in year-to-date CV outputs and sales still remained negative.

The CAAM's figures showed that NEV sales in September slumped 34.2% from a year ago to around 80,000 units, for the third month in a row representing year-on-year drop.

Sales volume of PVs powered by the so-called “new energy” tumbled 32% from the previous year to roughly 73,000 units in September. Of that, both BEV and PHEV sales showed double-digit year-on-year decrease.

For the first nine months, China's NEV sales totaled about 872,000 units, still leaping 20.8% over the prior-year period.

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