Auto imports fell significantly in the first two months

According to customs statistics, total auto imports of Shenzhen Port in January and February were 2,098 units, that amounted to 100 million U.S. dollars, a decreased of 29.6% and 32.3% year on year respectively. Because the policy plays little effort on auto imports, the trend of China-made vehicles to replace imported has become increasingly evident. Experts predict that car imports will maintain stable, there will be no substantial growth in the overall volume of imports, share of SUV and crossover will be increasing in imported vehicles.

In addition, sedan shares rose slightly, while other models reduced substantially. In January and February, Shenzhen Port imported 362 sedans that are below 2.5 liter; an increase of 2.3% compared to last year, and only 527 crossover units were imported, a substantial drop of 52%. High-grade vehicles saw a sharp decline in imports, with a imported 517 units, and fell 24.1%.

With auto imports mainly from Germany, Sweden and Japan, Shenzhen Port in January and February imported 880 units from Germany, a decrease of 1.9%; 436 units from Sweden, dropped 26.5%; 308 cars imported from Japan, decreased 20%. The imported vehicles of three major markets accounted for 77.4% of total imports.