Gasgoo.com (Shanghai) - A total of 1.88 million passenger automobiles were sold in China in the month of October, 15.4% more than the 1.63 million sold the previous October. Growth was shared by both domestic own brand manufacturers and foreign-Sino joint venture enterprises. Sales of own brand passenger automobiles increased 27.1%. Passenger automobile sales of American and Japanese passenger automobiles increased 14.9% and 9.1%, while those of German and Korean automobiles growing 8.0% and 4.7%.
Dec. 7 , 2015Gasgoo.com (Shanghai) - In its latest announcement, German luxury automaker Porsche stated that it sold 191,800 vehicles from January to October. The figure is 18.2% higher than the amount sold over the first ten months of 2014. Porsche’s sales in the Chinese market have also increased year-on-year.
Nov. 30 , 2015Gasgoo.com (Shanghai) - As the profitable months of September and October roll around, the Chinese passenger automobile market has begun to show signs of recovery, with sales growth rates increasing in the latter month. According to statistics compiled by Gasgoo.com (Chinese), a total of 1.88 million passenger automobiles were sold in China this October, up 14.9% from the amount sold in October of 2014.
Nov. 24 , 2015Gasgoo.com (Shanghai) - A total of 579,979 SUVs were sold in China during the month of September, according to statistics compiled by Gasgoo.com (Chinese). That figure represents year-on-year growth of 62.8%. While both domestic own brand manufacturers and Sino-foreign joint venture enterprises achieve positive growth in terms of SUV sales, results did vary. While sales of own brand SUVs grew a fully 72.4% year-on-year, those of foreign brand SUVs increased slightly less, growing 53.4% year-on-year. A total of 275,185 foreign brand SUVs were sold in the country over the course of the month. Not only did growth rates fail to meet the market average, the proportion of SUV sales that were of foreign brand models fell to 47.4%, down 3 percentage points from last year.
Nov. 8 , 2015Gasgoo.com (Shanghai) - As the total number of automobiles on Chinese roads continues to increase, it has become an inevitable fact that market growth will also drop off. In spite of this, it was unexpected by many that market growth rates would fall as far as they did this year. Earlier this year, the China Association of Automobile Manufacturers revised its sales growth forecast for 2015 from 7% down to just 3%. The sedan segment has been pointed out in particular for slowing the overall market down.
Nov. 5 , 2015Gasgoo.com (Shanghai) - After a continuous decrease from June, the Chinese passenger automotive market began to show slight signs of recovery in September. According to statistics from Gasgoo.com (Chinese), a total of 1.69 million passenger automobiles were sold in China in the month of September, up 6.1% from the 1.61 million automobiles sold last September. 13.8 million passenger automobiles have been sold in the country from January to September, representing positive year-on-year growth of 5.2%.
Nov. 3 , 2015