Gasgoo.com (Shanghai) - According to statistics from Gasgoo.com (Chinese), a total of 5.45 million passenger automobiles were sold in China over the first quarter of the year. The figure represents stable year-on-year growth of 8.9%. However, foreign brand passenger automobiles have failed to meet the market level of growth; only 3.14 million foreign brand passenger automobiles have been sold in the first quarter of the year, representing year-on-year growth of 3.5%. Own brands’ market share has fallen from 60.5% in the first quarter of last year to 57.5% this year.
May 3 , 2016Gasgoo.com (Shanghai) - Benefiting greatly from the popularity of SUVs, own brand manufacturers have seen their sales grow rapidly in the first quarter of 2016. According to statistics compiled by Gasgoo.com (Chinese), own brand passenger automobile sales grew 17.1%, compared to a market average of 8.9% growth. A total of 2.32 million own brand passenger automobiles were sold, resulting in own brands increasing their market share to 42.5%, up 3.0 percentage points from the previous year. By comparison, sales of passenger automobiles from foreign-affiliated joint ventures only increased 3.5% year-on-year.
Apr. 28 , 2016Gasgoo.com (Shanghai) - According to China Passenger Car Association statistics compiled by Gasgoo.com (Chinese), SAIC Motor continues to be China’s largest passenger automobile manufacturer in terms of new car sales made over the first quarter of the year. Aside from SAIC leading the charts, Changan Automobile’s performance was also impressive, while both GAC Group and Brilliance Automobile posted high year-on-year sales growth rates.
Apr. 26 , 2016Gasgoo.com (Shanghai) - According to statistics compiled by Gasgoo.com (Chinese), a total of 2.17 million passenger automobiles were sold in China in the month of January. While that figure represents year-on-year growth of 12.0%, it is 8.5% less than the total amount sold in the previous month of December 2015.
Mar. 7 , 2016Gasgoo.com (Shanghai) - 2015 marked the second year Changan Automobile ranked as the best-performing domestic own brand passenger automobile manufacturer, leading its competitors by a large margin. However, despite the over 30% year-on-year sales growth that Changan achieved that year, the manufacturer’s performance in January of this year failed to meet that same level. According to statistics compiled by Gasgoo.com (Chinese), Changan sold over 10,000 passenger automobiles in January. Despite that performance, sales of most of its models fell year-on-year.
Feb. 25 , 2016Gasgoo.com (Shanghai) - While the SUV market in China experienced rapid growth in 2015, sedan sales in the country fell over the course of the year. That said, sedan sales still account for a majority of all passenger automobile sales made in the country. According to statistics compiled by Gasgoo.com (Chinese), 58.0% of all passenger automobile sales were of sedans. The midsize sedan segment remains one of the key segments in the sedan market, accounting for 18.7% of all sedan sales completed over the course of the year, and is one of the strongest areas of competitions between various brands. Midsize sedan sales in 2015 totaled 2.19 million units, down 1.2% year-on-year.
Feb. 23 , 2016