Gasgoo.com (Shanghai) - A total of 1.73 million passenger automobiles were sold in the month of May, according to statistics from Gasgoo.com (Chinese). That figure represents year-on-year growth of 13.6%. 652,022 of these vehicle sales were from own brand manufacturers, representing positive year-on-year growth of 20.3%. By comparison, joint venture automobile sales only grew 9.9%. Joint venture sales for the month totaled 1.07 million units. Sales growth of JV vehicles were far below both own brand passenger automobile sales and the market average. JV sales accounted for 62.3% of all passenger automobiles sold in May, down from 64.4% sold the previous year, while own brand automobile sales grew from 35.6% in May 2015 to 37.7% this May.
Jul. 12 , 2016Gasgoo.com (Shanghai) - According to China Passenger Car Association statistics compiled by Gasgoo.com (Chinese), a total of 921,732 sedans were sold in China over the month of May. The figure, which represents slight year-on-year growth of 0.6%, marks the first month in several that Chinese sedan sales haven’t fallen.
Jul. 7 , 2016Gasgoo.com (Shanghai) - According to China Passenger Car Association statistics compiled by Gasgoo.com (Chinese), a total of 921,732 sedans were sold in China in the month of May, up a slight 0.6% year-on-year. May marks the first month in a long time that Chinese sedan sales have not fallen year-on-year.
Jul. 5 , 2016Gasgoo.com (Shanghai) - As OICA statistics compiled by Gasgoo.com (Chinese) show, China was the world’s largest automobile market in 2015. In terms of production numbers, China led the rest of the world, followed by the US, Japan, Germany, South Korea, India, Mexico, Spain, Brazil and Canada.
Jun. 21 , 2016Gasgoo.com (Shanghai) - One trend evident in recent years is the decline of Korean manufacturers in the SUV market. Only one Korean SUV model, Beijing Hyundai’s New Tucson, managed to sell over 10,000 units in April, as shown by China Passenger Car Association statistics compiled by Gasgoo.com (Chinese). Other Korean SUVs, including the ix25, KX5, Sportage-R, ix35 and KX3, were far outside of the top 20 best-selling SUV models of the month.
Jun. 16 , 2016Gasgoo.com (Shanghai) - Despite rapid growth in the past few years, the pace of the Chinese MPV market’s acceleration has slowed down as of late. According to statistics compiled by Gasgoo.com (Chinese), a total of 863,000 MPVs were sold from January to April, representing year-on-year growth of 9.8%, far less than the 30% to 40% growth rates the market achieved in previous years.
Jun. 15 , 2016