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

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

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

<Nov 13, 2017>