China Passenger Car Association:China auto sales fall below expectation in April

   Date:2016/05/25
According to China Passenger Car Association, the production of strictly defined passenger vehicles nationwide in China stood at 1,754,000 units, down by 14.2% against this March while up by 6.7% against last April. In the meantime, China has sold 1,638,000 passenger vehicles, down by 11.1% against this March while up by 8.1% against last April. For the first four months of 2016, the production of strictly defined passenger vehicles totaled 7,191,000 units, up by 7.7% compared against the same period last year while the sales of that totaled 7,081,000 units, up by 9%. Cui Dongshu, the general secretary of China Passenger Car Association, concluded that China auto sales fall below expectation this April.
 
This April, the top 10 manufacturers by sales in China also witnessed some changes. According to China Passenger Car Association, the top 10 manufacturers by sales in China are FAW VW, SAIC VW, SAIC GM, BAIC Hyundai, Changan, SGMW, Dongfeng Nissan, Great Wall Motor, Changan Ford and FAW Toyota. Compared with this March, FAW VW, SAIC VW and SAIC GM still ranked the top 3 in April, while SGMW fell to No.6, BAIC Hyundai went up to No.4.
 
According to China Passenger Car Association, the sales of sedans stood at 872,000 units this April, down by 9.7% against this March and 4.5% against last April, while the sales of SUVs stood at 599,600 units, down by 9.7% against this March but up by 36.3% against last April. Besides, the sales of MPVs stood at 166,400 units, down by 21.6% against this March but up by 2.7% against last April.
 
It’s observed that SUVs and MPVs have served as the main drivers to boost sales in China’s auto market and the sedan segment has also been warming up.
 
Besides, the sales of luxury models in China has increased by 17% for the first 4 months of 2016, with luxury SUVs and Class-B luxury sedans supporting as the main sales drivers. To be noted, there have already several luxury plug-in hybrid models appeared in China’s auto market, which could contribute to the further development of the auto market here.

Source:Gasgoo

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