China’s imported auto volume jumps 23.8% year on year in September

Shanghai (Gasgoo)- In September, the automobile import volume in China jumped 23.8% year on year to roughly 104,000 units (including chassis), which are worth 28.6 billion yuan ($4,290,943,800), according to the Sinomach Automobile Co.,Ltd., China's largest dealer of imported vehicles.

Audi A8; photo credit: Audi

For the first nine months of 2020, China imported a total of 618,000 vehicles (including chassis), posting a year-on-year decrease of 21.3%, and saw the Jan.-Sept. import value of automobiles reach 210.53 billion yuan ($31,586,447,490).

For the first three quarters, the deliveries of PVs imported to China amounted to 697,000 units, dipping 16.2% year on year, versus the 18.3% decrease in the Jan.-Aug. volume. Of those, 97,000 imported PVs were handed over to consumers last month, up by 0.1% year over year.

The cars and SUVs accounted for 95.8% of the Jan.-Sept. imported PV deliveries in China. To be specific, the year-to-date sales of imported cars dropped 14.9% from a year ago to 285,134 units, while the sales of imported SUVs dipped 17.5% to 382,376 units. Besides, with 29,180 units sold so far this year, the imported MPV sector recorded a year-on-year decline of 11.3%.

Among the top 10 imported PV brands by Sept. deliveries, there were seven brands achieving year-on-year growth of over 14.5%. With a delivery volume of 21,500 units, Lexus was still the champion. Thanks to the rising demands of the GLE and the Audi A8, Mercedes-Benz and Audi scored 35.0% and 35.8% year-over-year leap respectively.

For the Jan.-Sept. period, the top 3 imported PV brands by retail sales were Lexus, Mercedes-Benz and BMW. Except Lexus and Mercedes-Benz, the other eight brands among the top 10 all faced decrease from the prior-year period.