Gasgoo.com (Shanghai) - Foreign brands still make up most of the sales in the passenger automotive market, with their combined market share exceeding those of own brand manufacturers. However, as own brands experience rapid growth, they have been managed to close the gap with foreign brands. According to statistics from Gasgoo.com (Chinese), own brands’ combined sales over the first six months of the year grew 25.1%, while foreign brands’ combined sales for the same time period decreased 1.1%. A total of 5.94 million foreign brand automobiles have been sold over the first six months of the year. Foreign brands’ control a combined 62.4% stake in the Chinese passenger automotive market for the first half of the year, down 5.3 points from 67.7% last year.
Jul. 27 , 2015Recently, Gasgoo.com interviewed Mr. THIERRY PERCHET, Marketing Director, APAC/INDIA and Mr. MEISING HO, Technology Director, APAC/INDIA, we profoundly discussed Huntsman's innovative technologies in automotive lightweight composites.
Jul. 24 , 2015Gasgoo.com (Shanghai) - SUV sales in China have been the major driver of growth for the passenger automotive market. Despite a decline in passenger automobile sales this year, the SUV segment’s performance has continued to remain strong. According to statistics from Gasgoo.com (Chinese), a total of 9.53 million passenger automobiles have been sold over the first half of the year. The figure represents slight positive growth of 7.4%, far less than the double digit rates from previous years. 2.71 million of those sales were of SUVs, up a full 48.0% from last year. By comparison, minivan sales increased 16.8% while sedan sales fell 6.0%.
Jul. 21 , 2015Gasgoo.com (Shanghai) - While the Chinese SUV market has been able to sustain high levels of growth, the performance of the sedan market has been lagging behind. This trend is especially evident in the subcompact segment.
Jul. 8 , 2015Gasgoo.com (Shanghai) - The compact SUV segment in China continues to grow in scope in 2015. In response, the number of new compact SUV models put out by automotive manufacturers is also increasing. According to statistics from Gasgoo.com (Chinese), 134,267 compact SUVs were sold in China in May, representing year-on-year growth of 133.4%.
Jul. 7 , 2015Gasgoo.com (Shanghai) - While the SUV and minivan segments in China have experienced strong sales growth in May, the sedan segment has yet to recover. According to statistics from Gasgoo.com (Chinese), a total of 909,995 sedans were sold in the country during the month, 9.7% less than the amount sold last May. Although it performed better than the rest of the sedan market, the midsize car segment was berated by heavy competition and declining sales. Midsize sales for the country totaled 154,849 units, down 5.9% from last year.
Jul. 1 , 2015