latest news from China automotive industry,

In Feb., 2017, The wholesales of passenger cars in China was 1,590,977, decreased 26.7% compared with it’s in Jan. 2017 (2,619,315).
But when compared with Feb., 2016, it increased 19.5% in Feb., 2017.
The sales data of three major auto segments (sedan, MPV and SUV) decreased more than 20% month on month. The highest decrease was MPV which was a 29.0% decrease.
However SUV sales rose 38.1% when compared with Feb. 2016.  CPCA predicts China automotive sale will increase more than 10% month on month in March

China automotive Market 2017

Below is China passenger cars wholesales data in Feb. 2017

Passenger Cars Sedan MPV SUV Passenger Cars in Total (Sedan, MPV, SUV) Minibus Passenger Cars in broad sense
Sales No. in Feb. 2017 771,538 145,991 673,448 1,590,977 39,582 1,630,599
Sales No. in Jan. 2017 1,079,996 205,515 883,804 2,169,315 44,983 2,214,298
Sales No. in Feb. 2016 675,342 168,261 487,564 1,331,167 51,452 1,382,619
Link relative ratio -28.60% -29.00% -23.80% -26.70% -12.00% -26.40%
Year-on-year 14.20% -13.20% 38.10% 19.50% -23.10% 17.90%

Top 10 OEMs of passenger car sales in Feb.

No. OEM Sales in Feb. 2017
1 FAW-VW 118,746
2 SAIC-VW 118,309
3 SAIC-GM-Wuling 111,962
4 SAIC-GM 108,469
5 Changan 95,675
6 Geely 91,236
7 Great Wall Motor 67,696
8 Dongfeng Nissan 60,410
9 Beijing Hyundai 60,076
10 FAW-Toyota 54,527

Top 20 models of passenger car sales in Feb.

No. OEM Model Sales data in Feb.,2017 Contemporaneous growth ratio Cumulative sales
1 SAIC GM New Excelle 30477 51.3 65025
2 SAIC Volkswagen New Lavida 30009 -26.6 82437
3 Toyota Corolla 26518 57.1 52820
4 FAW Volkswagen Sagitar 24248 8.8 50994
5 FAW Volkswagen New Bora 21319 116.7 49036
6 Geely Emgrand EC7 20644 47.1 46958
7 Nissan Sylphy 19021 216.5 50990
8 Changan Ford Escort 1.5L 17540 10.4 43558
9 SAIC Volkswagen Santana 17100 -12.3 47447
10 SGMW Baoju 310 16058 0 34064
11 Beijing Hyundai Motor Elantra 15860 7.4 34957
12 Dongfeng Yueda Kia K3 15501 144.9 30403
13 SAIC GM Cavalier 14238 0 27655
14 Geely Yuanjing 14166 69.1 28882
15 SAIC GM New Polo 12808 -3.2 30605
16 FAW Volkswagen Magotan 12778 20 32836
17 FAW Volkswagen Jetta 12663 -24.1 55928
18 Brilliance BMW 5 series 11783 86.6 24012
19 Dongfeng Honda civic 11457 283.9 26898
20 BYD F3 11100 243.9 22306

2. WM Motor bought Huanghai Automobile

On Feb. 22th, 2017, SG Automotive Group released the news SG Automotive Group will sell its child company Huanghai Automobile in Dalian to WM Motor. The deal price is 11.8 billion RMB. According to the agreement, WM Motor should complete the payment of 11.8 million yuan within 12 months.

WM Motor is a new player of new energy vehicles in China. Its founder, Freeman Shen, has served as Chairman of Volvo in Chinese, President of BorgWarner in China, Vice President of Fiat in China, Vice President of Geely Group before. For WM Motor, acquisition of a vehicle manufacturing enterprises is the best way to quickly get into automobile manufacturing industry.

3. Geely starts constructing an engine plant in Guiyang

Total investment of this project is 5 billion RMB. The main production is 1.5TD engine. In this project, Geely will build a production base which has mechanical processing, assembly, inspection and testing. As the project is completed, the annual output value is expected to exceed 5 billion RMB. At the same it will help the vehicle engine in the upstream and downstream industries settled, which can provide 1200 job opportunities.

4. Ford’s Lincoln plans to produce luxury SUV in Chongqing

The plan is to build an all-new sports utility vehicle (SUV) to suit Chinese tastes, Lincoln China said in a statement. Ford plans to use an existing assembly plant it jointly operates with Chongqing Changan Automobile Co Ltd to produce the Lincoln vehicles, a Ford spokesman in Shanghai said.  Lincoln vehicles are currently imported into China, and their sales have jumped nearly 180 percent in 2016, the statement said.

“The move to local production is a key next step in Lincoln’s evolution in China and will complement continued imports from North America,” it said.

 

The statement gave no other details about the plans. The Ford spokesman declined to give the model’s anticipated production volume or describe the model other than to say it is an SUV.

 

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