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After a pretty sweet first quarter, China’s auto market may go back on the roller coaster again. Statistics released by several major automakers shows that their sales records in April have all witnessed significant decreases compared against this March.
May 13 , 2016Gasgoo.com (Shanghai) - Although rapid growth in SUV sales has been major driver for the Chinese passenger automobile market, the fact remains that the sedan segment still accounts for the majority of automobile sales made in the country. According to statistics from Gasgoo.com (Chinese), 51.5% of all automobiles sold in the first quarter of the year were sedans. Important among the sedan market is the highly competitive midsize sedan segment, which accounted for 16.5% of all sedans sold in the country. A total of 463,691 midsize sedans were sold in the first quarter of the year, down 17.5%, year-on-year.
May 12 , 2016BAIC BJEV released its battery-replacing strategy across the industry on April 26th, which will be implemented from taxies across the nation. In the future, apart from taxis, renting cars and other operating vehicles, private vehicles will also benefit from the strategy. Recently, the first charging and replacing station was co-built by BAIC BJEV and Sinopec in Dabo Road, Beijing City.
May 11 , 2016Chana Auto Group released April’s production and sales volume on May, 5th. Last month, Chana Auto sells 223,590 units, decreasing 1.61%. Data shows that self-owned brands have a rising volume while joint-venture brands are suffering decreases.
May 10 , 2016Sales of Great Wall Motor in China were 79,607, a yearly rise of 1.7%, in April. However, growth in April got smaller compared with that in March.
May 10 , 2016Gasgoo.com (Shanghai) - Although the Chinese automotive market saw its once rapid extension fall back in 2015, it still managed to maintain relatively stable growth rates all things considered. Most Chinese companies managed to post respectable income and net profit growth rates for the year. New energy automobiles played a major role last year, with companies like BYD and King Long benefiting greatly from them.
May 10 , 2016