Self-independent auto companies outperform joint-venture companies, purchasing tax overdrafts auto market’s demands

Data shows that more than 80% of self-independent auto companies face a growth of 20%-30% in November. It’s generally believed that the increasing sales volume comes from the high-speed growth of SUV market and oncoming end of purchasing tax preferential policies in next year. Also, there are worries that the advanced overdrafts of market demands will lead to a weak market in Q1, 2017.

Released sales data shows that self-independent brands outperform joint-venture brands in November. Three self-independent auto companies, Chana, Geely and GWM, have monthly sales volumes exceeding 100,000 units. GWM ranks first with the number of 129,000 units.

Chana Auto is still one of few auto companies that have achieved balanced developments in car, SUV and MPV markets, 8 models of which sell more than 10,000 units in November. But most models have shown decreasing sales volume, including hot models such as CS75 and CS35. GWM Haval H6 sells more than 70,000 units in November, the highest all GWM SUV models. Besides, H7 has a monthly sales volume exceeding 10,000 units. But since only three of GWM models have large growths, it still needs further attention to know whether GWM will keep the excellent performance in next year.

Geely’s monthly sales volume reaches top in November, with a good balance in car and SUV market. Currently, Emgrand GS, NL-3 and Yuanjing all face short supplies and may make breakthroughs with the increasing capacities in the next year.