China sales hit record high in first half of 2013
VW tops ranks while Japanese models suffer
The Chinese auto sales (factory shipment basis: including export/chassis, excluding import) in first half of 2013 posted a record high, surpassing the 10 million mark. The sales figure was up 12.3% year-on-year and recovered to a double-digit growth. Concerning vehicle sales by group, five OEMs sold more than 1million units. SAIC Motor Corporation, was ranked first at 2.55 million units. Beijing Automotive Group also came in the top group. As for passenger car sales by maker, Japanese joint ventures continue to suffer slumping sales. Meanwhile joint ventures of VW/GM/Hyundai Group enjoy very strong sales, occupying the top five places. Regarding sales by brand, VW took the lead. China's export of vehicles posted a slight decline.
Chinese OEM sales outlook 2013 (Mar. 2013)
Sales in China rose 4.3% to 19.31 million units in 2012 (Mar. 2013)
Vehicle sales by model: post new record high in first half of 2013
The Chinese auto sales in the first half of 2013 surpassed the 10 million mark to a record high of 10.78 million units.
Although sales of vehicles continued to experience low growth in recent years (2.5% in 2011 and 4.3% in 2012), sales volume in the first half of this year grew by 12.3% year-on-year. This was partly due to favorable sales of 1.6-liter or smaller models that include those eligible for government incentives. The other factors include widespread use of vehicles in China because of increased income, and increased infrastructure investment by the local governments.
Regarding vehicle types, sales of minivans fell by 22.5%. This happened because two models - the Wuling Hongguang (SAIC-GM-Wuling) and the Honor (Changan Automobile) - were re-classified from minivans to MPVs starting this year. Meanwhile sales of MPVs grew by 12.8%. Sales of passenger cars increased by 13.8% and those of SUVs grew by 41.6%.
The growth rate of sales of trucks (including chassis) and commercial vehicles in first half of this year registered only single-digit growth (5.9% and 6.7%, respectively), while the growth rate of sales of buses (including chassis) recorded double-digit growth of 12.7% y/y.
Chinese auto sales by vehicle type (including exports)
|Auto Sales (factory shipment basis)(Note 1)|
|Volume(unit)||Increase/decrease rate (year-over-year)|
|2012||Jan.-Jun. 2012||Jan.-Jun. 2013||2011||2012||Jan.-Jun. 2013|
|Minivan (Note 2)||2,256,694||1,195,399||926,546||-9.4%||-0.1%||-22.5%|
|Passenger car total||15,495,240||7,613,469||8,665,128||5.2%||7.1%||13.8%|
|Bus total (Of which) Chassis||507,403 81,808||237,350 39,632||267,482 40,335||10.1% -2.8%||4.0% -3.2%||12.7% 1.8%|
|Truck total (Of which)Chassis||3,303,792 459,755||1,747,231 254,678||1,849,660 266,804||-8.2% -13.3%||-6.8% -21.5%||5.9% 4.8%|
|Commercial vehicle total||3,811,195||1,984,581||2,117,142||-6.3%||-5.5%||6.7%|
|Grand total (Of which) Completely Knocked Down(CKD)||19,306,435 290,933||9,598,050 161,655||10,782,270 143,104||2.5% 1.1%||4.3% -10.5%||12.3% -11.5%|
|(Note) 1.||Auto sales include exports, but do not include imports.|
|2.||Minivan means a minivan style passenger car whose overall length is 3.5 meters or shorter, and whose displacement is 1.0-liter or smaller (the same applies hereafter). Slightly larger models with a displacement over 1.0-liter (ex.1.1- to 1.3-liter) have been launched in recent years. Starting in 2013, some of them (eg. Wuling Hongguang and Honor as of the end of June 2013) are re-classified from minivans to MPVs.|
Vehicle sales by group: Five OEMs sold more than 1 million units in first half of 2013
Regarding the sales of vehicles by OEM groups in China in the first half of 2013, SAIC Motor was ranked first with sales of more than 2.55 million, followed by four OEMs - Dongfeng Motor Corp. (more than 1.71 million)/ FAW Group (slightly less than 1.4 million)/ Changan Automobile Group (more than 1.13 million)/ BAIC Group (more than 1 million). The growth rate of sales of GAC Group (Guangzhou Automobile Group) in the sixth place was 15.2%, which was higher than the industry average, but its sales volume was 424,000 units and is far behind the top five OEMs.
Among all the (about 53) OEM groups in China, the top 25 groups account for about 99.0% of the vehicle sales in China, boosting their share by about 0.2 percentage points y/y. The top 11 groups hold a 90.7% market share, up about 1.1 points (from 89.6%) y/y. The market share of the top five groups that sold more than 1 million units in the first half, amounts to 72.3%, down by 0.4 percentage points (from 72.7%) y/y.
When we look at market share by group, SAIC, the largest OEM, increased its share by 0.6 points y/y to 23.7% while BAIC Group, ranked fifth, boosted its share substantially by 1.1 points to 9.3%. The market share of Changan Automobile Group in the fourth place remained at 10.5%. In contrast, Dongfeng Motor Corp., ranked second, lost its share by 1.1 points from 17.0% to 15.9%. FAW Group in the third place also lost its share by 1 percentage point (market share: 12.9%). The other major groups among the top eleven groups increased their share slightly, while the share of Chery Automobile, ranked 12th, fell by 0.8 percentage points to 2.2%.
OEM groups in China: sales volume of new vehicles from 2011 to June 2013 (factory shipment basis)
|OEM (group)||Auto sales|
|Jan.-Jun. 2012||Jan.-Jun. 2013||2011||2012||Jan.-Jun. 2013|
|Volume (unit)||Market share (%)||Volume (unit)||Market share (%)||Year-over-year rate (%)|
|SAIC Motor Corp.||2,216,336||23.1%||2,558,691||23.7%||11.5%||12.5%||15.4%|
|Dongfeng Motor Corp.||1,634,265||17.0%||1,713,573||15.9%||12.2%||0.7%||4.9%|
|Changan Automobile Group||1,005,152||10.5%||1,132,788||10.5%||-15.6%||-2.6%||12.7%|
|BAIC Group(Beijing Automotive Group)||788,395||8.2%||1,000,775||9.3%||2.4%||10.8%||26.9%|
|GAC Group(Guangzhou Automobile Group)||368,112||3.8%||424,030||3.9%||-9.3%||-3.8%||15.2%|
|Brilliance Auto Group (Brilliance)||294,817||3.1%||375,656||3.5%||13.1%||12.6%||27.4%|
|Great Wall Motor||279,328||2.9%||367,857||3.4%||22.5%||28.3%||31.7%|
|JAC (Jianghuai Automobile Group)||244,048||2.5%||283,856||2.6%||7.9%||-1.6%||16.3%|
|Geely Holding Group (Geely)||223,209||2.3%||263,393||2.4%||4.0%||13.6%||18.0%|
|Lifan Industry (Group)||90,190||0.9%||116,561||1.1%||61.9%||33.7%||29.2%|
|China National Heavy Duty Truck Group||79,848||0.8%||89,834||0.8%||-27.3%||-13.4%||12.5%|
|Shaaxi Automobile Group||58,360||0.6%||55,122||0.5%||-1.3%||-20.3%||-5.5%|
|Shandong Tang Jun Ouling||33,762||0.4%||36,462||0.3%||-8.6%||10.0%||8.0%|
|Zhengzhou Yutong Group||21,718||0.2%||24,888||0.2%||17.0%||10.7%||14.6%|
|Sichuan Nanjun Automobile||35,129||0.4%||23,869||0.2%||-10.8%||-17.4%||-32.1%|
|Young Man Automobile Group||19,956||0.2%||22,880||0.2%||22.5%||26.6%||14.7%|
|Zhejiang Flyday Automobile||24,815||0.3%||22,022||0.2%||2.6%||3.5%||-11.3%|
|Dandong Huanghai Automobile||20,607||0.2%||19,449||0.2%||7.0%||-5.2%||-5.6%|
|Hawtai Automobile Group||15,254||0.2%||18,295||0.2%||-76.4%||77.2%||19.9%|
|Anhui Hualing Automobile (CAMC)||8,530||0.1%||13,342||0.1%||-15.6%||-41.4%||56.4%|
|Chengdu Dayun Automotive||11,348||0.1%||11,469||0.1%||63.0%||-5.9%||1.1%|
|Baotou Beiben Trucks||15,538||0.2%||10,931||0.1%||-12.2%||-39.4%||-29.6%|
|(Note) 1.||OEMs in descending order of sales volume in January-June of 2013.|
|2.||Auto sales include exports/chassis, but do not include imports.|
|3.||"Others" is the total by OEMs (28 OEMs/groups) that sold less than 10,000 units in the first half of 2013.|
Passenger Car sales by maker: Joint ventures of VW/GM/Hyundai ranked in top five
When we look at the sales volume of passenger cars in China in the first half of 2013 by makers, the ranking of the top six OEMs led by SAIC remained the same as in the last several years. Yet, among the mid-level groups, Brilliance Auto Group, ranked in the seventh in auto sales, dropped to 10th in passenger car sales alone. Jianghuai Automobile Group (JAC), ranked ninth in auto sales, also fell to 12th. OEMs that are ranked higher than Brilliance Auto Group and JAC in passenger car sales include Great Wall Motor (seventh in passenger car sales)/ Geely Holding Group (Geely) (eighth)/ BYD Auto (ninth).
Among OEMs, concerning sales of passenger cars in the first half of 2013, VW-affiliated Shanghai VW and FAW-VW were ranked first (sales: 784,000, up 23.2% y/y) and third (732,000 units, up 18.6%), respectively. GM-affiliated Shanghai GM and SAIC-GM-Wuling were ranked second (765,000 units, up 16.9%) and fourth (713,000 units, up 3.5%), respectively. Hyundai-affiliated Beijing Hyundai Motor was ranked fifth (514,000 units, up 38.1%). Thus, European/US/Korean OEMs occupied the top five places. US OEM-affiliated Changan Ford and European-OEM affiliated Dongfeng Peugeot-Citroen Automobile/ BMW Brilliance, and Korean-OEM affiliated Dongfeng-Yueda-Kia Motors significantly boosted their sales.
On the other hand, among Japanese-OEM affiliated local joint ventures, excluding Guangqi Honda Automobile (up 0.5% y/y) and GAC Toyota Motor (up 6.3%), all registered a negative growth. This represents the serious effect of anti-Japan demonstrations that occurred in the second half of 2012. Among Japanese-OEM affiliated joint ventures, Dongfeng Nissan Passenger Car was ranked highest, but only seventh (down 13.1%) in sales volume. When we look at y/y sales increase/decrease, OEMs such as Changan Mazda (ranked 39th, down 44.4%), Changan Suzuki (ranked 26th, down 19.7%), and FAW Toyota Motor Sales (ranked 14th, down 15%) also registered a substantial decrease.
Among Chinese OEMs with Chinese capital only, Changan Automobile was ranked highest at sixth (up 18.1%). Great Wall Motor (up 43.5%), Geely (up 18%), and BYD Auto (up 26.2%) also registered a double-digit growth. Yet, Chery Automobile recorded a negative growth of 16.2%.
Sales volume of Passenger Cars by Chinese OEM (factory shipment basis)
|OEM||Sales volume (unit)|
|2011||2012||Jan.-Jun. 2012||Jan.-Jun. 2013||2012||Jan.-Jun. 2013|
|SAIC Motor Passenger Vehicle||162,161||200,318||90,210||105,195||23.5%||16.6%|
|Dongfeng Motor Corp.||2,329,039||2,455,231||1,287,036||1,370,468||5.4%||6.5%|
|Dongfeng Nissan Passenger Car||808,588||772,995||454,798||395,338||-4.4%||-13.1%|
|Dongfeng Yulon Motor||7,058||31,106||14,415||11,992||340.7%||-16.8%|
|Dongfeng Liuzhou Motor||100,678||136,501||67,678||88,198||35.6%||30.3%|
|Dongfeng Motor Corp. Passenger Vehicle||26,028||60,201||28,691||41,564||131.3%||44.9%|
|FAW Toyota Motor Sales||529,046||495,477||287,746||244,556||-6.3%||-15.0%|
|Tianjin FAW Xiali||253,035||185,018||105,903||71,526||-26.9%||-32.5%|
|FAW-GM Light Duty Commercial Vehicle||174||94||31||8||-46.0%||-74.2%|
|FAW Jilin Automobile||103,645||90,942||47,143||40,821||-12.3%||-13.4%|
|Tianjin Meiya Auto||316||77||41||25||-75.6%||-39.0%|
|Changan Automobile Group||1,576,033||1,596,937||816,254||931,836||1.3%||14.2%|
|Jiangling Motor Holding||24,810||24,764||13,521||16,092||-0.2%||19.0%|
|BAIC Motor Group||846,787||1,037,632||444,185||644,784||22.5%||45.2%|
|Beijing Hyundai Motor||739,800||859,595||372,801||514,842||16.2%||38.1%|
|Beiqi Foton Motor||8,109||7,189||3,993||3,977||-11.3%||-0.4%|
|Beijing Automobile Works||11,067||10,164||5,692||4,634||-8.2%||-18.6%|
|GAC Automobile Group||721,095||680,027||349,759||412,641||-5.7%||18.0%|
|Guangqi Honda Automobile||362,294||316,405||176,324||177,186||-12.7%||0.5%|
|GAC Toyota Toyota||274,417||250,088||131,005||139,212||-8.9%||6.3%|
|GAC Mitsubishi Motors (former GAC Changfeng Motors)||31,196||22,406||14,424||14,035||-28.2%||-2.7%|
|Honda Automobile (China)||24,249||29,034||14,116||11,922||19.7%||-15.5%|
|Great Wall Motor||365,075||487,370||209,355||300,342||33.5%||43.5%|
|Geely Holding Group (Geely)||432,752||491,444||223,209||263,393||13.6%||18.0%|
|Brilliance Auto Group (Brilliance)||294,131||374,980||174,810||233,253||27.5%||33.4%|
|Mianyang Huaxing Automobile||46,246||44,561||24,345||13,842||-3.6%||-43.1%|
|BMW Brilliance Automotive||95,444||147,374||67,084||106,035||54.4%||58.1%|
|JAC (Jianghuai Automobile Group)||217,201||202,395||91,506||113,369||-6.8%||23.9%|
|Lifan Industry (Group)||122,319||182,860||68,429||78,478||49.5%||14.7%|
|Zotye Holding Group||134,920||122,194||50,849||57,184||-9.4%||12.5%|
|Fujian Benz Automotive||10,960||7,466||2,613||4,898||-31.9%||87.4%|
|Haima Personal Vehicle/Haima Commercial Vehicle||70,052||44,020||21,622||24,748||-37.2%||14.5%|
|Young Man Automobile Group||35,335||45,421||18,540||21,373||28.5%||15.3%|
|Hawtai Automobile Group||19,227||34,071||15,254||18,295||77.2%||19.9%|
|Zhejiang Flyday Automobile||5,834||5,051||2,430||2,774||-13.4%||14.2%|
|Aerospace Chenggong Automobile||4,956||3,885||1,683||845||-21.6%||-49.8%|
Note: Auto sales include exports, but do not include imports. Among the above OEMs, some OEMs produce vehicles under multiple brands. For example, SAIC-GM-Wuling produces models under three - Wuling, Baojun, and Chevrolet brands.
Passenger Car sales by brand: European/VW brands take lead
When we look at the sales volume of passenger cars in the first half of 2013 by maker, European brands (up 403,000 units)/US brands (up 211,000 units)/Korean brands (up 197,000 units), and Chinese brands (excluding joint venture brands with foreign capital) registered a double-digit y/y growth. In contrast, Japanese brands recorded a negative growth of 9.3%, or down by 138,000 units, which is a sharp decline from their market share and sales volume in the first half of 2012 before anti-Japan demonstrations.
Concerning sales by European, US, and Korean brands, VW group increased sales by 20.9% (up 262,000 units) to 1.52 million units and was ranked first. VW is followed by GM group in second place up 13.6% (up 97,000 units) to 811,000 units, and Hyundai-Kia group in the third place up 33.2% (up 197,000 units) to 791,000 units. Ford, which introduced new models successively to strengthen its product competitiveness, boosted sales by 66.4% (up 114,000 units) to 287,000 units PSA, which aims to make up for slumping sales in Europe with sales in China, increased sales by 32.7% (up 68,000 units) to 277,000 units. BMW also boosted sales by 58.1% (up 39,000 units) to 106,000 units.
Among Japanese brands, Mitsubishi boosted sales by 38.0% (up 6,000 units) to 23,000 units. All the other Japanese OEMs reduced their sales; Nissan down 13.1% (or 61,000 units) to 406,000 units, Toyota down 8.4% (or 35,000 units) to 384,000 units, Honda down 3.7% (or 13,000 units) to 329,000 units, Suzuki down 14.1% (or 20,000 units) to 124,000 units, Mazda down 15.8% (or 15,000 units) to 80,000 units, and Isuzu down 31.0% (or 244 units) to 542 units.
Among Chinese brands, Great Wall Motor, which enjoyed strong sales of SUVs, increased sales by 43.5% (up 91,000 units) to 300,000 units. Among major brands, Chery Automobile suffered slumping sales, down by 16.2% to 232,000 units.
Passenger Car sales in China by makers outside China (2011 to June 2013)
|OEM brand by country/area||Sales volume (unit)||Y/Y rate|
|OEM||2011||2012||Jan.-Jun. 2012||Jan.-Jun. 2013||Jan.-Jun. 2013|
|The U.S. brand||1,598,685||1,892,391||886,161||1,097,586||23.9%|
|SAIC Motor Corp.||1,287,931||1,412,595||720,234||773,046||7.3%|
|Changan Automobile Group||855,342||849,868||450,641||494,283||9.7%|
|Great Wall Motor||365,075||487,370||209,355||300,342||43.5%|
|Dongfeng Motor Corp.||397,663||428,169||225,619||260,107||15.3%|
|Brilliance Auto Group (Brilliance)||198,687||227,606||107,726||127,218||18.1%|
|JAC (Jianghuai Automobile Group)||217,201||202,395||91,506||113,369||23.9%|
|BAIC Group(Beijing Automotive Group)||29,192||84,373||35,371||81,503||130.4%|
|Zotye Holding Group||134,920||122,194||50,849||57,184||12.5%|
|GAC Group(Guangzhou Automobile Group)||52,269||66,478||26,370||51,759||96.3%|
|Fujian Motor (Soueast)||74,325||79,083||34,702||47,272||36.2%|
|Haima Personal Vehicle / Haima Commercial Vehicle||70,052||44,020||21,622||24,748||14.5%|
|Hawtai Automobile Group (Hawtai)||19,227||34,071||15,254||18,295||19.9%|
|Zhejiang Flyday Automobile||5,834||5,051||2,430||2,774||14.2%|
|Aerospace Chenggong Automobile||4,956||3,885||1,683||845||-49.8%|
|(Note) 1.||OEMs in descending order of sales volume in each region in January-June of 2013. Auto sales include exports, but do not include imports.|
|2.||Foreign-affiliated joint ventures such as GM Baojun, Nissan Venucia, and Honda Everus are included.|
|3.||BAIC Group's Beijing Pai is an original brand under its affiliated company - Beijing Automobile Works.|
China's exports: register overall decline
In the first half of 2013, China exported about 487,000 vehicles, slightly down by 0.6% y/y. Exports of commercial vehicles declined by 4.8%, which was influenced substantially by the decreased sales of trucks.
Concerning the type of vehicle, exports of passenger cars posted a positive growth of 2.3%. Sales of MPVs, SUVs, and minivans increased while those of sedans and hatchbacks fell, which contributed to the overall decline of exports. In the meantime, as for commercial vehicles, exports of buses grew steadily to 13.3%, while those of trucks fell by 7.3%. Thus, the overall exports of commercial vehicles registered negative growth.
When we look at exports by OEM groups, Chery Automobile ranked first at 69,600 vehicles, but down by 24.8% y/y. Great Wall Motor (down 10.5% y/y), ranked forth, and Dongfeng Motor Corp. (down 6.4%), ranked fifth, registered negative growth from the previous year. In the meantime, there are OEMs which registered a double-digit growth from the previous year; the exports of SAIC (ranked second) increased by 30.3%. Geely Holding Group (Geely)(ranked third) and Brilliance Auto Group (Brilliance)(ranked seventh) increased exports by 28.6% and 43.5% respectively.
China's export of vehicles by type of vehicle
|Jan.-Dec. 2011||Jan.-Dec. 2012||Jan.-Jun. 2012||Jan.-Jun. 2013||Y/Y rate|
|Passenger Vehicles total||476,072||661,204||287,684||294,283||38.9%||2.3%|
|Bus (form large size to light size)||44,723||54,927||24,855||28,151||22.8%||13.3%|
|Bus total (Of which) Chassis||44,723 773||54,927 721||24,855 165||28,151 124||22.8% -6.7%||13.3% -24.8%|
|Truck (form heavy duty to mini size)||270,015||312,567||164,103||155,846||15.8%||-5.0%|
|Truck total (Of which) Chassis||293,493 10,875||339,960 17,581||177,310 9,794||164,375 12,506||15.8% 61.7%||-7.3% 27.7%|
|Commercial Vehicles total||338,216||394,887||202,165||192,526||16.8%||-4.8%|
|Grand total (Of which) CKD||814,288 0||1,056,091 41||489,849 0||486,809 8||29.7% -||-0.6% -|
(Note) Minivan means a minivan style passenger car whose overall length is 3.5 meters or shorter, and whose displacement is 1.0-liters or smaller. Slightly larger models with a displacement over 1.0-liter (1.1- to 1.3-liter) have been launched in recent years.
Export of vehicles by Chinese OEM
|OEM||Jan.-Jun. 2012||Jan.-Jun. 2013|
|Volume (unit)||Y/Y rate|
|Great Wall Motor||47,719||42,706||-10.5%|
|Dongfeng Motor Corp.||40,608||37,995||-6.4%|
|Changan Automobile Group||32,616||27,145||-16.8%|
|China National Heavy Duty Truck Group||13,688||10,850||-20.7%|
|(Note) 1.||OEMs in descending order of sales volume in January-June (first half) 2013. Exports include passenger cars and commercial vehicles.|
|2.||"Others" is the total by OEMs that exported less than 10,000 units in the first half (January-June) 2013.|
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