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%|
Top 10 OEMs of passenger car sales in Feb.
|No.||OEM||Sales in Feb. 2017|
|7||Great Wall Motor||67,696|
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|
|5||FAW Volkswagen||New Bora||21319||116.7||49036|
|8||Changan Ford||Escort 1.5L||17540||10.4||43558|
|11||Beijing Hyundai Motor||Elantra||15860||7.4||34957|
|12||Dongfeng Yueda Kia||K3||15501||144.9||30403|
|15||SAIC GM||New Polo||12808||-3.2||30605|
|18||Brilliance BMW||5 series||11783||86.6||24012|
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.