Gasgoo.com (Shanghai) - New cars have been credited as the major driver of growth in the Chinese automotive industry as of late. Gasgoo.com (Chinese) has summarized the average monthly sales volumes of new models released since 2014. According to collected statistics, there are 24 newly-released models which have managed to achieve average monthly sales of 5,000 units, with the list being dominated by own brand models.
Aug. 27 , 2015Gasgoo.com (Shanghai) - A total of 72,711 new energy vehicles were sold in China over the first half of 2015. This strong sales result allowed China to overtake the US to become the world’s largest market for new energy vehicles.
Aug. 20 , 2015FAW-Xiali Automobile turned the sales slide in the previous years into positive growth in the first half of the year in China. However, the growth rate falls far behind that of the general vehicle market in the same period and the company is troubled with huge deficits.
Aug. 6 , 2015Gasgoo.com (Shanghai) - With growth in the Chinese passenger automotive market as a whole slowing down, the luxury automotive market has also started to lag. Leading luxury brands Audi and BMW both were only able to post very slight positive sales growth rates over the first half of the year, while growth rates for second-tier brands varied heavily, with Jaguar Land Rover, Lexus and Volvo all suffering declines in sales.
Aug. 4 , 2015Gasgoo.com (Shanghai) - The Chinese SUV market has continued to achieve rapid growth over the first six months of the year. According to Gasgoo.com (Chinese), a total of 2.71 million SUVs were sold in the country from January to June, representing positive year-on-year growth of 48%. In particular, own brands’ were able to see their sales nearly double, growing 95.5%. By comparison, sales of foreign brand SUVs only increased 15.5%. A total of 1.25 million foreign brand SUVs, accounting for 46.4% of all SUVs sold in the country over the first half of the year, down 13 percentage points from the previous year.
Aug. 4 , 2015