China’s Jan.-Aug. deliveries of imported passenger vehicles dip 21.8% YoY

Shanghai (Gasgoo)- For the first eight months of 2022, there were 516,807 imported passenger vehicles (PVs) delivered across China, representing a 21.8% decrease year-over-year, according to Sinomach Automobile Co., Ltd., China's largest dealer of imported vehicles.

To be specific, the Jan.-Aug. deliveries of imported cars, SUVs, and MPVs dipped 23.5%, 21.3%, and 4.9% respectively from the previous year to 230,899 units, 265,551 units, and 20,357 units.

Lexus ES; photo credit: Lexus

Of the imported PVs delivered in the first eight months of the year, 465,710 units were under luxury car brands, reflecting a 21.8% year-on-year downward movement. Luxury brands hereby consist of Alfa Romeo, Audi, BMW, Porsche, Mercedes Benz, Jaguar, Cadillac, Lexus, Land Rover, Maserati, MINI, Acura, smart, Tesla, Volvo, Infiniti, etc.

Ultra-luxury brands, including Aston Martin, Ferrari, Bentley, Lamborghini, Rolls-Royce, McLaren, etc., saw their combined imported PV deliveries jump 11% over a year earlier to 908 units in August mainly thanks to the growth in the Ferrari F8’s sales, resulting in a Jan.-Aug. volume of 5,939 units (+6.8% YoY).

Among the top 10 brands by Aug. sales of imported PVs in China, there were four brands achieving a year-on-year growth, namely, Porsche, Land Rover, Volvo, and Jeep. Of them, Jeep was the fastest-growing one. Audi ranked 5th, but it was confronted with the biggest year-over-year decrease.

In terms of the Jan.-Aug. imported PV deliveries in China, Lexus, Mercedes-Benz, and BMW were the top 3 brands. Despite the overall downturn, Porsche and Toyota's China units still saw their year-to-date imported PV deliveries rise from a year earlier.