Gasgoo.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.

Gasgoo.com (Shanghai) - Small SUVs undoubtedly comprise the fastest growing segment in the Chinese passenger automotive market, due to the continued introduction of new models and sustained rapid sales growth. The segment has been attributed with driving growth for the market as a whole. According to statistics from Gasgoo.com (Chinese), the small SUV market grew 168.9% over the first half of the year. A total of 812,100 small SUVs were sold from January to June of this year, compared to 302,100 units sold over the first half of last year. The small SUV segment’s stake in the overall SUV market increased 13.5 percentage points.

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.