Shanghai (Gasgoo)- From the fourth quarter to the end of 2020, there will be 27 new imported models launched to China’s market, the lowest figure for the recent seven years, according to a report released by Sinomach Automobile Co.,Ltd on November 30, pointing out that the introduction of decent products is very important to the next year's auto import industry.
(Photo source: Toyota）
After ten months through October, 2019, China had imported a total of 879,000 vehicles, 5.2% less than that of the year-ago period, according to the China's largest dealer of imported vehicles. Of those, around 679,000 vehicles were handed over to consumers, down by 2% from a year earlier.
NEV imports still presented a vigorous rising momentum. For the first three quarters, roughly 45,000 NEVs were imported to China, a year-on-year hike of 179.9%. The Tesla EVs were the mainstay with up to 32,700 units (+179.8%) imported.
Performing against the general downward trend as well, China's Jan.-Sept. parallel auto imports climbed 7% over the previous year to 128,870 units, accounting for 16.3% of overall auto imports, according to an earlier report unveiled by Sinomach Automobile.
(Photo source: Mitsubishi）
Among the aforesaid parallel-imported vehicles, 85% and 10% shares belonged to SUVs and MPVs. As to brands, the champion Toyota gained 44.2% share, followed by Nissan and Mercedes-Benz. The top six brands—Toyota, Nissan, Mercedes-Benz, Mitsubishi, BMW, Land Rover, occupied a combined share of 91%.
However, the parallel auto import may be hampered by policy factors next year, said the latest report. The parallel import of vehicles from Middle East countries would be impacted due to Chinese authority's stricter regulation on pollution tests over imported vehicles. Besides, since all light vehicles sold and registered from July 1, 2020 should meet the China Ⅵ emission standard, some vehicles would fail to satisfy the quality requirements for imports, thus might result in a significant auto supply shortage.
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