Gasgoo.com (Shanghai) - Despite a downturn in the automobile market as of late, the SUV segment in China continues to remain very strong. Domestic own brand manufacturers are performing especially strongly in the segment. According to statistics from Gasgoo.com (Chinese), a total of 246,313 own brand SUVs were sold in August, up 64.7% from 149,574 own brand SUVs sold last August. The SUV segment accounted for over half of all own brand sales made over the course of the month. 52.5% of SUV sales were of own brand models. The reason behind own brands’ success in the segment has been the introduction of several popular new models.
Oct. 22 , 2015Gasgoo.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) - Although Chinese automobile sales continued to slip into August, the amount sales growth rates fell by improved somewhat from the previous month. According to statistics from Gasgoo.com (Chinese), a total of 1.37 million passenger automobiles were sold in China in the month of August. That figure is down 1.2% from last August.
Sep. 25 , 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 , 2015