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Top 10 locally-produced PV, car, SUV models in China by July wholesale volume

Monika From Gasgoo| August 16 , 2019

Shanghai (Gasgoo)- According to the China Passenger Car Association (CPCA), China's PV wholesale volume in July edged down 2.7% from the previous year to 1,557,566 units, the smallest decrease so far this year. For the first seven months of 2019, a total of 11,693,175 PVs were sold across China, a year-on-year decline of 12.6% (PVs hereby refer to China's locally-produced cars, MPVs, SUVs and minibuses).

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The vehicle inventory alert index (VIA) in July was at 62.2%, a year-on-year growth of 8.3 percentage points and a month-on-month increase of 11.8% percentage points, according to the China Automobile Dealers Association (CADA). That month, the VIA still exceeded an official warning threshold.

The VIA growth suggests a heavier inventory pressure imposing on car dealers. As of the reason, the CADA said some regions undergoing the transition from China V to VI emission standard in June overdrew market demands, thus dealer inventory pressure was intensified as sales in July evidently declined with car prices picking up.

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There were only two SUV models—the Haval H6 and the CR-V—among the top 10 PV models by wholesale volume for the month of July. The others were all car models.

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China's car sales in July amounted to 752,559 units, falling 8.0% over a year ago, versus an 11.3% year-on-year decline in June car sales. Year-to-date car sales for the country slide 12.5% to 5,703,870 units.

As of July, the Lavida has been crowned the best-selling car model for 7 consecutive months. The champion car model achieved a growth of 8.8% from the prior-year after suffering downturn in May and June.

July sales of the Corolla slumped 26.4% over the year-ago period since the existing model's life cycle is almost closed. However, the sales of the typical car model are expected to be further increased after the all-new Corolla hit the market in August.

Among the top 10 locally-produced car models by July wholesale volume, the Santana, boasting the biggest sales increase (247.4%), was ranked fourth.

The Levin entered the top 10 car model list for the second time this year primarily thanks to the roll-out of the TNGA-based all-new Levin.

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In July, China's SUV sales reached 688,388 units, rising 6.8% over a year earlier. However, Jan.-Jul. SUV sales in this country still shrank 10.7% to 5,033,169 units.

Although the Haval H6 maintained its championship among SUV models, it was hit by an 11.4% year-on-year decline with 23,079 units sold in July, only 947 units more than that of the runner-up CR-V.

Honda's CR-V recorded the largest year-on-year increase among top 10 China-made SUV models by July sales due to its outstanding reputation and hotter-selling hybrid models.

Besides, there were only three China's self-owned SUV models—the Haval H6, the Boyue and the Roewe RX5. All of them chalked up double-digit drop year over year.

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