China

China sales increase 2.0% y/y to 2.70 million units in October

Nov 13, 2017

On November 10, 2017, the China Association of Automobile Manufactures (CAAM) announced vehicle production and sales results for October, 2017. While production and sales showed a slight decline on a month-over-month (m/m) basis, growth continued on a year-over-year (y/y) basis. Y/y growth of production and sales for January to October stayed at 4% to 5%. Passenger vehicle production and sales saw growth of 2% to 3%, a lower y/y growth compared to total vehicle data, while commercial vehicles maintained growth of around 17%, higher y/y than total vehicle data.
Overall vehicle production in October totaled 2.604 million units, up 0.7% y/y, while sales reached 2.704 million units, up 2% y/y, YTD production through Jan-Oct totaled 22.957 million units, up 4.3% y/y, and YTD sales totaled 22.927 million units, up 4.1% y/y.
Passenger vehicle production in October was 2.225 million units, a 2.7% decline y/y, while sales were 2.352 million units, a 0.4% increase y/y. Sales of passenger vehicles with engines that were 1.6L or lower declined 2.5% y/y to 1.637 million units, which accounted for 69.6% of all passenger vehicles sold.
In the commercial vehicle market, production totaled 379,000 units, up 26.6% y/y. Sales reached 351,000 units, up 14.8% y/y.
As for new energy vehicles (NEVs), production reached 92,000 units, up 85.9% y/y, and sales totaled 91,000 units, up 106.7% y/y. Among NEVs, EV production reached 77,000 units, up 76.3% y/y, while sales reached 77,000 units, up 95.8% y/y. Plug-in hybrid vehicle (PHV) production totaled 14,000 units, for a y/y increase of 163.6%, and PHV sales totaled 14,000 units for a y/y increase of 194.0%.
Exports for October reached 88,000 units, up rapid growth of 42.2% y/y. YTD exports total 715,000 units, up 28.9% y/y ( a 2.6% rise compared to that of January to October), which included 497,000 passenger vehicles (up 36.5% y/y) and 218,000 commercial vehicles (up 14.2% y/y).
From a CAAM press release issued November, 10, 2017
China’s monthly sales figures

Vehicle sales data (flash report on October, 2017)

	Oct. 2017			Jan. - Oct. 2017
	Sales vol. (1,000 units)	Share (%)	Y/y (%)	Sales vol. (1,000 units)	Share (%)	Y/y (%)
Sedan	1,107.1	40.95	-5.42	9,425.8	41.11	-1.93
MPV	189.8	7.02	-18.13	1,640.7	7.16	-17.17
SUV	1,020.9	37.76	13.94	7,981.9	34.81	15.76
Mini Van	34.8	1.29	-24.16	453.9	1.98	-25.35
PC Total	2,352.5	87.02	0.36	19,502.2	85.06	2.13
CV Total	351.1	12.99	14.82	3,424.9	14.94	17.24
Grand Total	2,703.5	100.00	2.02	22,927.1	100.00	4.13

Source: from the China Association of Automobile Manufacturers and other reports

Market share of passenger vehicles by country of brand origin (flash report on October, 2017)

	Oct. 2017			Jan. - Oct. 2017
	Sales vol. (1,000 units)	Share (%)	Y/y (%)	Sales vol. (1,000 units)	Share (%)	Y/y (%)
China	1,038.6	44.15	-1.83	8,392.5	43.03	3.24
Japan	368.7	15.67	7.06	3,422.7	17.55	14.72
Germany	457.0	19.43	7.66	3,986.4	20.44	7.78
USA	299.7	12.74	5.12	2,390.6	12.26	2.89
Korea	122.5	5.21	-23.44	824.5	4.23	-39.50
France	50.3	2.14	-15.75	343.4	1.76	-30.36

Source: China Association of Automobile Manufacturers' materials and other reports
Note: the above share refers to the market share of the vehicle brands in a specific countries

Vehicle production data (flash report on October, 2017)

	Oct. 2017			Jan. - Oct. 2017
	Production vol. (1,000 units)	Share (%)	Y/y (%)	Production vol. (1,000 units)	Share (%)	Y/y (%)
Sedan	1,050.4	40.34	-6.14	9,443.8	41.14	-1.44
MPV	179.5	6.89	-27.42	1,647.9	7.18	-16.90
SUV	953.8	36.63	9.62	8,026.6	34.96	15.53
Mini Van	41.2	1.58	-18.74	434.6	1.89	-26.64
PC Total	2,224.8	85.45	-2.72	19,552.9	85.17	2.34
CV Total	378.7	14.55	26.59	3,404.0	14.83	16.93
Grand Total	2,603.6	100.00	0.67	22,956.8	100.00	4.27