The first half of 2019 in the Chinese market：Vehicle Sales Decline by 12.4% to 12.3 Million Vehicles
Chinese and U.S. OEMs see major declines, Japanese OEMs experience mixed results
New vehicle sales in the first half of 2019 (January to June) in the Chinese market saw a year-over-year (y/y) decrease of 12.4% to 12.318 million vehicles (based on factory shipments, including exports; the same applies to the following) with all months from January to June seeing y/y losses.
When examining Chinese automaker groups, SAIC Motor, which has steadily increased its vehicle sales annually, saw y/y declines in vehicle sales in both its own brand and foreign joint venture models. Changan Automobile Group, which has seen its vehicle sales decline for four consecutive years, did not even rank in the top five.
By model type, all passenger vehicle model types (sedans, hatchbacks, SUVs, minivans) saw y/y losses, with semi-trailers in the commercial vehicle segment being the only model type to see an increase in vehicle sales.
Passenger vehicle sales from Chinese automakers in the first half of 2019 saw a y/y loss of 21.2% at 3.999 million vehicles. U.S. automakers also saw severe losses with a y/y decline of 23.2% at 967,000 vehicles. However, Japanese automakers saw nearly equal y/y sales at a 1.7% increase of 2.248 million vehicles, with Toyota and Honda greatly contributing to the increase in vehicle sales.
In the first half of 2019, 617,000 new energy vehicles (NEVs) were sold: 490,000 EVs, 126,000 PHVs, and 1,102 FCVs.
*The report for sales volume is based on MarkLines database.
China NEV Alliances（Aug. 2019）
FY 2018 NEV Credit/Corporate Average Fuel Consumption Credit of OEMs（Aug. 2019）
2019 Sales Forecast in China (CAAM): NEVs to make up 1.6 million of 28.1 million vehicles sold（Apr. 2019）
2018 China market: 28.081M units for new car sales, 23.71M units for passenger cars（Feb. 2019）