In China MPV & SUV are hot both Sep. & Oct.

Gasgoo.com (Shanghai November 24) – It is notable the sales of October are more than ones of September and there are several new policies on energy conservation and emission reduction in September & October.

The data of China Automotive Industry Association (CAAM) shows the sales volume of passenger cars are 1,708,900 in October, increasing by 0.8% on the basis of month-on-month growth and 6.4% on year-on-year growth. In October, the numbers are 1,696,000, 15.5% and 6.4%.

This data is much better than 1,357,900 in July and 1,468,200 in August and a small detail is the sales volume of October is more than September. It is notable there are several new policies on energy conservation and emission reduction in September & October.

In September, the sales volume of Chinese brand passenger cars is 653,600, increasing by 7% on year-on-year basis and the market share increases by 0.2% on year-on-year basis. In October, the sales volume of Chinese brand passenger cars is 675,600, increasing by 3.42% and the market share increases by 1% on month-on-month basis and declines by 1.15% on year-on-year basis.

The export volume of Chinese brand passenger cars in October is 43,700, declining by 9.7% on month-on- month basis, 25.3% on year-on-year basis. The export volume of Chinese brand passenger cars in September is 43,700, increasing by 18.2% on month-on- month basis, 1.1% on year-on-year basis.

The market share of MPV keeps increasing in September and October and sales volumes are 168,200 and 184,300, increasing by over 36% in both months. The enterprise contributes most is SAIC-GM-Wuling Automobile, occupying nearly 50% MPV market share. The sales volumes of Wuling Hongguang are over 60,00 in September and October. Baojun 730 also contributes a lot and the sales volume in September and October are over 20,000.

Different from MPV market, there are nearly 20 new models put into the market. The sales volume of SUV in September is 356,700, increasing by 14.61% on month-on-month basis and 25.81% on year-on-year basis. The sales volume of SUV in October is 387,300, increasing by 8.56% on month-on-month basis and 36.29% on year-on-year basis. The joint venture brands still have advantages but Chinese SUV begins to stand firm in the market.

There are several new policies on energy conservation and emission reduction in September & October.

On September 1st, the policy of purchasing tax free for new energy vehicle was put into effect and there had been 2 lists of new energy vehicles enjoying purchasing tax free, which promoted the development of new energy vehicle market, especially hybrid energy vehicle market. In September, the sales volume of new energy vehicle is 8974 and 74% are passenger cars.

The policy on energy conservation subsidy for low emission passenger cars was back in September. National Development and Reform Commission released the promoting list of energy conservation environmental cars which could enjoy national subsidy of 3,000 Yuan from September 3rd to the end of 2015. The models in the list are asked to save more 6% of total oil and cancel the policy for automatic transmission, which means applying advanced technology is the only way to enter the list. This policy is also positive for low emission and new energy vehicle and influences the situation of several versions of joint venture brands are sold at the same time.

In fact, the standard for oil consumption and emission will be higher and higher which will lead auto production and sales to healthier and more continuous developing path.