Gasgoo.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 , 2015Gasgoo.com (Shanghai) - The Chinese passenger automobile market continues to chug along in September. According to statistics from Gasgoo.com (Chinese), over 378 automobile models were sold in the country in September.
Nov. 1 , 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 (Chinese) - Despite the fact that the Chinese passenger automotive market began to show signs of recovery in August, it still failed to live up to expectations. August marks the third consecutive month this year that market sales were less than those of 2014.
Sep. 30 , 2015