Gasgoo.com (Shanghai) - Chinese passenger automobile sales fell again in August, marking the third consecutive month sales decreased. In line with overall market trends, the luxury automobile segment’s sales growth rates also fell in August. Both the top tier German manufacturers’ sales and those of second-tier manufacturers were affected.
Oct. 13 , 2015Gasgoo.com (Shanghai) While SUV sales continue to increase in China, the sedan market has begun to recede as of late. According to statistics from Gasgoo.com (Chinese), a total of 763,831 sedans were sold in China in August, down 16.3% from last August. Many analysts look at the midsize segment as an indicator of future trends for the sedan market. Midsize sedan sales for the month totaled 158,898 units, down 2.5 percent from last year. However among sedan sales as a whole, the midsize segment’s total share grew 2.9 percentage points to 20.8%.
Oct. 8 , 2015Gasgoo.com (Shanghai) - Compared with first-time automobile buyers, purchasers of second or third automobiles exhibit more individual and diversified demands. These buyers are more inclined to purchase SUVs and minivans. Trends like this have caused the amount of sedan sales to decrease over the years. As the largest sedan segment, compact sales in particular have fallen significantly.
Oct. 2 , 2015Gasgoo.com (Shanghai) - After a poor showing in June, the Chinese passenger automobile market’s overall performance continues to stumble into July. The sedan market in particular performed poorly. According to statistics from Gasgoo.com (Chinese), only 691,039 sedans were sold in July, down 19.5% from the previous year. Sedan sales only make up 57.3% of all Chinese passenger automobiles sold in the country, down 10 percent points from last year.
Sep. 17 , 2015Gasgoo.com (Shanghai) - Suffering from a lagging economy, burgeoning inventories and struggling stock market, the Chinese automotive dealership industry has seen both demand and sales fall. Despite the fact that automotive manufacturers have used several measures to counteract these trends, including cutting prices, limiting production and offering subsidies for automotive dealerships. However, these measures have not been enough to solve the problems dealership networks are facing. Most dealership networks in the country have reported falling net profits for the first half of this year.
Sep. 17 , 2015Gasgoo.com (Shanghai) - China is now entering a new era where small SUVs rule the market. Smaller SUVs are becoming more and more popular among Chinese buyers. As a result, an increasing number of enterprises are introducing small SUV models, making the market all the more competitive. According to statistics from Gasgoo.com (Chinese), small SUV sales in China jumped 88.4% from just 56,527 units last July to 106,500 units this July. A total of 918,600 small SUVs have been sold over the first seven months of the year, representing positive year-on-year growth of 156.2%. Small SUV sales now account for 29.6% of all passenger automobiles sold in the country.
Sep. 7 , 2015