Independent Brands Laugh over 68 Car Enterprises’ Sales in "Silver" October

Independent Brands Laugh over 68 Car Enterprises’ Sales in "Silver" October

According to the latest data of CPCA, Gasgoo publishes the wholesale charts of Chinese passenger car enterprises October 2016. Following the hotness of "Gold" September, car market in "Silver" October is still looking good. Data shows that in October 2016, the wholesale of Chinese passenger cars reached 2,306,340, a year-on-year increase of 22%, and a ring growth of 3.8%. From January to October, the sales totaled up to 18,538,394 units, a year-on-year cumulative increase of 17.8%. The statistics of the 68 enterprises’ sales suggests that a number of enterprises reach a monthly record high, while the independent brands are still keeping growing strongly.

Independent Car Enterprises Reach a Record High Again

Among the 39 independent car enterprises researched by Gasgoo, 28 realize the year-on-year growth, 8 decline, and 3 lack corresponding comparative data over the same period.

Top three enterprises, Changan, Great Wall, and Geely, deliver the goods as expected, with high monthly sales, especially Geely. Geely has always been doing well from January to October this year, being among the top 10 in recent months like a dark horse. Geely reaches a record high this month again, with the monthly sales of nearly 100,000, a year-on-year increase of 85%, ranking the 7th. The sales of Changan and Great Wall are also quite good. Changan, doing well in various niche fields, benefits from balanced development of its cars, SUVs, and MPVs. Changan continues to lead the independent brands with 7 models’ monthly sales over 10,000. Pushed by the hotness of SUV, the overall sales of Great Wall reached 100,000 in October, of which SUVs accounted for nearly 90%, 94,005 units. Hover H6 contributed a lot.

Besides the top three, praise should also goes to independent brands like SAIC Motor, GAC Motor, DFSK, Dongfeng Passenger Vehicle Company, Brilliance Auto, Jiangling Motors, Changhe Motor, FAW Jilin Motor, with an increase of 147.1%, 52%, 67.8%, 69.8%, 105.9%, 515.4%, 54.9%, and 91.9% respectively.

Japanese Car Enterprises Drops Generally among the Ranking

In addition to the independent brands, the statistics also involves seven German brands, of which five achieve growth, one declines, and one lacks comparison data over the same period; three American brands, all achieving growth; two Korean brands, Beijing Hyunda, still among the top 20 but falling by 10 percent compared with last year, and DYK maintaining growth, with an increase of 23.9%; three French brands, of which CAPSA realizes growth this month, with an increase of 34.1%, DPCA is still declining, and Dongfeng Renault lacks corresponding comparative data over the same period.

Generally speaking, these brands experience relatively balanced development, but the situation of Japanese cars is not so ideal. As for the rankings, a general decline occurs in this month. 7 of the 11 Japanese car enterprises researched experience a small decline compared with September. As for year-over-year sales, 5 of 11 enterprises show negative growth, with only one enterprise, NISSAN, among the top ten.