Sales in China rise 8.0% to 12.81 million units in first half of 2016 due to tax breaks

SUV sales remain strong; Chinese own brand share expands

2016/08/18

Summary


(Source: Created based on MarkLines' data)

  In the first half of 2016 vehicle sales in China increased by 8.0% year-over-year (y/y) to 12.81 million units (on a factory shipment basis, including exports), exceeding 12 million units for the first time for the period. This is largely attributed to a tax break that the Chinese government started offering to purchasers of passenger cars with engine displacements of up to 1.6 liters in October 2015.

  In the sales volume rankings for Chinese automotive groups for the period, Shanghai Automotive Industry Corporation (SAIC Motor Group) and Dongfeng Motor Group Co., Ltd. maintained the first and second positions respectively. Competition for the third place between Changan Automobile (Group) Co., Ltd., China FAW Group Corporation, and Beijing Automotive Group Co., Ltd. (BAIC) was tight. The top five groups sold roughly 9.19 million units, which accounted for about 72% of the market.

  As for market share by vehicle type, the sales volume of sport utility vehicles (SUVs) increased 43.7% from 2.67 million units in the first half of 2015 to 3.82 million units in the first half of 2016, and accounted for about 30% of the entire automotive market. At the same time, the sales volume of sedans and hatchbacks for the first half of 2016 decreased 3.8% y/y to about 5.57 million units. The sedan and hatchback share of the entire market fell from 48% in 2015 to 43%.

  In the market share breakdown for Chinese and foreign brands, Chinese own brands held a top share of about 42% of the domestic passenger car market because of aggressive SUV model launches. The share for Japanese brands expanded to approximately 16% while that for French brands shrank.

  China's vehicle imports and exports for H1 2016 decreased y/y for the second consecutive first half period. In May 2016, vehicle imports to China increased 6.1% y/y, showing some signs of recovery.

  Sales of new energy vehicles (electric vehicles (EVs) and plug-in hybrid vehicles (PHVs)) in China for H1 2016 were around 169,000 units (including commercial vehicles), approximately 2.3 times that for the same period of the previous year. Of China's total passenger car sales volume for H1 2016, about 108,000 units were new energy vehicles. BYD Auto maintained the top position and held around 42% of the new energy passenger vehicle market.


Related Reports:
Chinese OEM plans for 2016: Tax break pushing growth to 6% (Mar. 2016)



Vehicle sales in China for first half of 2016 increase 8.0% y/y; double-digit growth in June

  China's GDP grew by 6.7% y/y in H1 2016. The GDP growth rate, however, decreased from 7.0% for the first half of 2015 and from 6.9% for the whole year.

  Despite the slowdown in GDP growth, vehicle sales in China for the first half (January to June) of 2016 amounted to 12.81 million units (on a factory shipment basis, including exports; the same applies to vehicle sales figures that follow below). The y/y growth rate increased to 8.0% from 1.5% in the first half of 2015.

  The growth in sales volume in China for the first half of 2016 is attributed to a decrease in vehicle purchase tax rate from 10% to 5%. The Chinese government started giving the tax break to purchasers of passenger cars with engine displacements of up to 1.6 liters in October 2015.

  Monthly vehicle sales continued to post y/y increases for every month since January 2016 with the exception of February. Sales were especially strong in June, when the y/y increase was 14.8%, to post double-digit growth. Monthly vehicle sales fluctuate in January and February every year owing to the Chinese New Year holidays.

  According to an estimate made by the China Association of Automobile Manufacturers (CAAM) in early 2016, vehicle sales in China are forecast to be 26.04 million units in 2016.

  The tax break granted to passenger cars with engine displacements of up to 1.6 liters will end at the end of 2016. Because of this, a last-minute rise in demand is expected to occur in the second half of the year.

Vehicle sales in China for H1 (January to June) 2016

(units)

Jan. Feb. Mar. Apr. May Jun. Jan.-Jun. total
Sales volume 2016 2,500,570 1,580,919 2,439,744 2,122,428 2,091,672 2,070,667 12,806,000
2015 2,319,611 1,593,301 2,240,556 1,994,507 1,903,774 1,803,090 11,854,839
Changes (y/y) 7.8% -0.8% 8.9% 6.4% 9.9% 14.8% 8.0%

(Source: Created based on MarkLines' data)



Sales volume of passenger cars with 1.6-liter or smaller engines

(10,000 units)

Oct. 2015 Nov. 2015 Dec. 2015 Jan.-Feb.
2016
Mar. 2016 Apr. 2016 May. 2016 Jun. 2016
Sales volume of 1.6-liter or smaller engine passenger cars 133.6 155.7 173.1 256.6 146.4 128.0 128.3 129.2
Sales volume of passenger cars 193.7 219.7 244.2 360.5 205.6 177.9 179.3 178.4
1.6-liter or smaller engine vehicle share of passenger car market 69.0% 70.9% 70.9% 71.2% 71.2% 71.9% 71.6% 72.4%

(Source: Created by MarkLines based on CAAM's reports, announcements made by China's Ministry of Industry and Information Technology (MIIT), and MarkLines' data)



Sales volume by group: FAW Group falls below Changan Automobile Group by narrow margin of about 5,000 units

Top five groups sell about 9.19 million units and command 71.8% market share

Marketshare among top five groups from 2010 onward
(Source: Created based on MarkLines' data)

  In the rankings of Chinese automotive groups by sales volume for H1 2016, SAIC Motor Group maintained the top position. The Group's vehicle sales for the period increased y/y from about 2.84 million units to about 2.99 million units, and accounted for a 23.3% share of the market.

  Dongfeng Motor Group Co., Ltd. maintained second place. The Group's vehicle sales increased about 5% y/y to around 1.90 million units. However, the Group's market share dropped below 15% in spite of the fact its share had been at least 15% since 2011.

  Changan Automobile Group, which sold roughly 2.79 million vehicles in 2015, was overtaken by FAW Group in the full-year rankings. However, the group managed to secure third place in the first half of 2016 for the second consecutive January-June period by selling about 1.49 million vehicles. This is because the automotive group has many models that are ranked in the top-ten for SUVs and multi-purpose vehicles (MPVs). If the CS95 SUV, Changan Automobile's flagship model, is introduced in the Chinese market in the second half of 2016 as scheduled, the automotive group is likely to achieve its 2016 sales target of 2.95 million units.

  In the first half of 2016, FAW Group sold about 1.485 million vehicles, an increase of 8.2% y/y, and fell short of Changan Automobile Group by a narrow margin.

  BAIC's market share gradually expanded and has been at least 10% since 2014. BAIC sold roughly 1.32 million vehicles in the first half of 2016.

Groups ranked sixth and lower: Market shares of Guangzhou Automobile Group and Great Wall Motor inch up

Market share by vehicle type in China
(Source: Created based on MarkLines' data)

  With the exception of Guangzhou Automobile Group and Anhui Jianghuai Automotive Group, the 6th to 12th ranked groups are private enterprises, or what are called local brands, while all the top five groups are state-owned automotive groups.

  The combined market share of the 6th to 12th ranked groups accounted for roughly 20.3% of the entire Chinese automotive market in the first half of 2016, but was less than the share of SAIC Motor Group alone.

  There was only a slight difference in the shares of the 6th and 12th ranked OEMs around 2010. However, the difference has gradually become larger since 2014. Guangzhou Automobile Group and Great Wall Motor Company enjoyed strong sales of their SUVs during the first half of 2016, and their Trumpchi GS4 and Haval H6 were ranked in the top-ten best selling passenger cars.



Sedan and hatchback share falls below 50

Market share by vehicle type in China
(Source: Created based on MarkLines' data)

  In terms of market share by vehicle type, sedans and hatchbacks fell from around 53% in 2014 to around 48% in 2015. The sedan and hatchback share further declined to about 43% of the entire Chinese automotive market in the first half of 2016. The sales volume of sedans and hatchbacks for the period was approximately 5.57 million units.

  On the other hand, the SUV share expanded to about 30% of the entire automotive market in the H1 2016. Sales of SUVs increased by over 1.16 million units y/y to about 3.82 million units. The share for SUVs more than quadrupled from 7% in 2010.

  As sales of SUVs show remarkable growth, sales of MPVs are also on the increase. The Chinese government abolished its one-child policy in January 2016, and now encourages people to have two children. According to some media reports, this national policy will help sell more MPVs.

Vehicle sales by type in China for first half of 2016

(Units)

Vehicle Type Jan.-Jun. 2015 Jan.-Jun. 2016 Increase/decrease rate
(y/y)
Passenger car Sedan/Hatchback 5,788,937 5,568,798 -3.8%
SUV 2,661,204 3,824,743 43.7%
MPV 1,016,311 1,199,929 18.1%
Mini van 628,178 423,840 -32.5%
Subtotal 10,094,630 11,017,310 9.1%
Commercial vehicle Trucks 1,350,629 1,366,674 1.2%
Buses 282,640 255,317 -9.7%
Chassis 126,940 166,699 31.3%
Subtotal 1,760,209 1,788,690 1.6%
Total 11,854,839 12,806,000 8.0%

(Source: Created based on MarkLines' data)
Note 1) the sales volume of commercial vehicles includes chassis sales.
Note 2) The minivan category includes all passenger cars except sedans and hatchbacks, and SUVs and MPVs.



Top-10-selling models and sales volume by type for H1 2016

Sedan / Hatchback

(10,000 units)

Model Chinese Group Maker/Brand Sales Volume
1 Lavida SAIC SAIC VW 24.9
2 Jetta FAW FAW VW 17.4
3 Sagitar FAW FAW VW 17.0
4 Excelle GT SAIC SAIC GM 16.8
5 Elantra/Yuedong/Langdong/Elantra 2016 BAIC BAIC Hyundai 16.6
6 Corolla/New Corolla FAW FAW Toyota 15.5
7 Bluebird Sylphy/Sylphy Dongfeng Donfeng Nissan 14.7
8 Escort Changan Changan Ford 12.8
9 New Santana SAIC SAIC VW 12.8
10 Cruze SAIC SAIC GM 10.8

(Source: Created based on MarkLines' data)



SUV

(10,000 units)

Model Chinese Group Maker/Brand Sales Volume
1 Haval H6 Great Wall Great Wall 24.0
2 Baojun 560 SAIC SAIC GM Wuling 17.5
3 Trumpchi GS4 GAC GAC Motor 15.1
4 Envision SAIC SAIC GM 11.6
5 Tiguan SAIC SAIC VW 11.2
6 Tucson/ix35 BAIC BAIC Hyundai 10.9
7 Refine S3 JAC Anhui Jianghuai 9.7
8 CS75 Changan Chongqing Changan 9.7
9 CS35 Changan Chongqing Changan 9.1
10 Senova BAIC BAIC, BAIC Guangzhou 8.6

(Source: Created based on MarkLines' data)



MPV

(10,000 units)

Model Chinese Group Maker/Brand Sales Volume
1 Wuling Hongguang SAIC SAIC GM Wuling 29.4
2 Baojun 730 SAIC SAIC GM Wuling 14.4
3 Dongfeng Sokon Dongfeng DFSK 9.9
4 Honor Changan Chongqing Changan 9.3
5 Oushang Changan Chongqing Changan 5.8
6 Lingzhi Dongfeng Dongfeng Liuzhou 5.1
7 Huansu H3 BAIC BAIC Yinxiang 4.9
8 Weiwang M20/M30 BAIC BAIC Motor 3.8
9 Buick GL8/New Buick GL8 SAIC SAIC GM 3.7
10 Fengxing S500 Dongfeng Dongfeng Liuzhou 3.4

(Source: Created based on MarkLines' data)



Lavida/ SAIC VW
(Photo: Lavida/ SAIC VW)
H6 /Great Wall
(Photo: H6 /Great Wall)
Wuling Hongguang S1/ SAIC GM Wuling
(Photo:Wuling Hongguang S1/ SAIC GM Wuling)


Chinese brands' share exceeds 40%; Japanese brand' share expands, German brand' remains firm, and French brand' fall substantially

  Chinese brands had a roughly 42.3% share of the domestic passenger car market in H1 2016. Local brands had a share that exceeded 45% in February 2016. This is attributed to the fact that Chinese OEMs such as Changan Automobile, SAIC Motor, and Great Wall Motor introduced many popular SUVs at affordable prices into the market. Great Wall Motor sold 172,000 Haval H6 SUVs in H1 2015 and earned the top position in the SUV sales rankings. In H1 2016, sales volume of the Haval H6 exceeded 240,000 units and retained first place in the rankings for the second consecutive period. The Chinese OEM has unified its SUV models into the Haval brand and is focusing on its brand strategy in an effort to promote it in markets outside China.

  Japanese OEMs' vehicle sales in the Chinese passenger car market were about 1.78 million units in H1 2016. The share for Japanese brands exceeded 16% for the period. Their share grew noticeably from March onward and exceeded 18% in May and June. By OEM, Nissan Motor Co., Ltd. recorded strong sales of its Qashqai SUV, and sales of Honda Motor Co., Ltd.'s Vezel, XR-V, and CR-V SUVs were brisk. The Highlander, and the Corolla and Levin hybrid vehicles, which went on sale in H2 2015, contributed to Toyota Motor Corporation's sales growth.

  German OEMs' vehicle sales in the Chinese passenger car market increased 8.5% y/y to about 2.16 million units in H1 2016. The share held by German brands was 18.6% for the period.

  In China, the Volkswagen (VW) Group was not greatly affected by its emissions scandal, which came to light in H2 2015. The VW Group's vehicle sales increased 6.7% y/y to about 1.87 million units in H1 2016. Meanwhile, the BMW Group's sales volume increased by only 1.6%. Some possible reasons for this weak growth are the Group's weak SUV lineup and high imported model ratio.

  The share held by French brands was only 2.7% due to a substantial decrease in the PSA Peugeot Citroen Group's vehicle sales from about 365,000 units in H1 2015 to about 294,000 units in H1 2016. If sales proceed at this pace, it will be difficult for the PSA Group to achieve its 2016 sales target of 765,000 units.

China:Passenger car market share by Chinese and foreign brand
(Source: Created based on MarkLines' data)
Year-by-year passenger car market share by Chinese and foreign brand
(Source: Created based on MarkLines' data)



Passenger car sales volume and market share by Chinese and foreign brand

(10,000 units)

2014 2015 Jan.-Jun. 2015 Jan.-Jun. 2016
Sales Volume Market share Sales Volume Market share Market share
Changes (YoY)
Chinese brand 733.3 857.1 409.9 40.6% 465.6 42.3% 13.6%
German brand 394.1 400.2 198.9 19.7% 215.8 19.6% 8.5%
Japanese brand 327.7 352.1 158.5 15.7% 177.8 16.1% 12.2%
U.S. brand 259.4 263.5 123.5 12.2% 131.4 11.9% 6.4%
Korean brand 176.6 167.9 81.3 8.1% 80.8 7.3% -0.6%
French brand 72.7 72.9 36.6 3.6% 29.4 2.7% -19.5%
Others 6.2 0.9 0.9 0.1% 0.9 0.1% -0.3%

(Source: Created based on MarkLines' data)



Passenger car sales volume (on factory shipment basis) in China (by Chinese and foreign OEM)

(units)

Country Group Jan.-Jun. 2015 Jan.-Jun. 2016
China SAIC 952,446 1,014,823
Changan Automobile 624,585 617,765
Great Wall 362,623 397,802
Dongfeng 306,086 341,929
BAIC 272,680 375,377
Geely 256,420 292,110
Chery 235,443 236,117
BYD 227,399 214,626
Anhui Jianghuai Automobile (JAC) 161,187 188,591
China FAW 168,223 126,023
Brilliance Automobile 125,642 185,836
Zotye Holding Group 101,018 149,471
GAC 62,964 167,301
Lifan Industry 58,154 38,738
Haima Automobile 47,651 71,129
Hawtai (Huatai) Automobile 33,046 37,826
Fujian Motor Industry 30,441 50,675
Jiangling Motors Co. Group 26,395 56,400
Yulon 28,200 21,412
Qingling Motors 681 916
Hebei Zhongxing Automobile Mfg. 3,777 255
Shaanxi Automobile 46 0
Other 13,569 71,066
Sub total 4,098,676 4,656,188
Germany BMW Group 140,060 142,264
Daimler Group 105,723 148,669
VW Group 1,742,885 1,866,763
Sub total 1,988,668 2,157,696
Japan Renault Nissan 445,931 503,320
Isuzu 558 387
Suzuki 99,161 78,868
Toyota Group 463,726 526,945
Honda 420,647 528,992
Mazda 119,628 118,618
Mitsubishi 34,934 20,613
Sub total 1,584,585 1,777,743
U.S FCA 17,171 61,168
Ford Group 428,409 425,372
GM Group 789,127 827,549
Sub total 1,234,707 1,314,089
Korea Hyundai-Kia Group 813,433 808,359
Sub total 813,433 808,359
France PSA 365,544 294,245
Sub total 365,544 294,245
Other Proton 9,017 0
Tata Group 0 8,990
Sub total 9,017 8,990
Ground total 10,094,630 11,017,310

(Source: Created based on MarkLines' data)
Notes.1)
  BMW Group: BMW, Zinoro
  Daimler Group: Mercedes-Benz, Denza
  VW Group: Audi, Skoda, VW
  Renault・Nissan: Infiniti, Venucia, Nissan, Renault
  Toyota Group: Toyota, Hino
  FCA:Fiat, Jeep, Chrysler, Dodge
  GM Group: Buick, Cadillac, Chevrolet
  PSA: Citroen, Peugeot, DS

2)SAIC Group's data includes Baojun and Wuling.





Exports and imports continue to decrease from 2015

Exports

  China's vehicle exports for January through June 2016 decreased by 18.2% y/y to 314,000 units, marking a double-digit decline for the second consecutive first half period.

  The decrease in exports is attributed to economic instability in emerging markets for the period, with particularly poor vehicle sales in Brazil and Russia, which are the main importers of Chinese vehicles. (Vehicle sales in Brazil: 25.4% decrease y/y; Vehicle sales in Russia: 14.1% decrease y/y)

  Russia is a key export market for Chinese OEMs, and the economic slowdown there had a direct effect on them. At the same time, Chinese OEMs are establishing and planning plants in Russia in order to press ahead with localization. According to media reports, some Chinese OEMs will seek out new areas and shift their export destinations to Southeast Asian markets.

Jan. Feb. Mar. Apr. May Jun. Jan.-Jun.
Export (10,000 units) 2016 3.5 4.4 5.7 5.4 5.6 6.8 31.4
2015 6.2 6.3 5.8 6.2 7.1 6.8 38.4
Changes (YoY) -43.5% -30.2% -1.7% -12.9% -21.1% 0.3% -18.2%

(Source: Created by MarkLines based on CAAM's press releases)



Imports

  China's vehicle imports for January through May 2016 decreased by 12.6% y/y to 382,000 units.

  Monthly imports are shown below. Vehicle imports to China continually decreased since late 2015, but have recovered. In May 2016, vehicle imports rose 6.1% y/y.

Jan. Feb. Mar. Apr. May Jun.
Import (10,000 units) 2016 6.2 5.5 9.3 8.5 8.7 -
2015 10.1 6.0 9.8 9.6 8.2 9.5
Changes (YoY) -38.6% -8.3% -5.1% -11.5% 6.1% -

(Source: Created by MarkLines based on CAAM's press releases)
Note) Data on China's vehicle imports in June 2016 was not released as of July 26, 2016.



China's auto imports for first half of 2016 (passenger cars by OEM and brand)

  For China's vehicle imports by OEM and brand, like H1 2015, BMW was the most imported brand for the period. Mercedes-Benz ranked second and Lexus placed third, unchanged from H1 2015.

(units)

Maker/Brand Jan. 2016 Feb. 2016 Mar. 2016 Apr. 2016 May 2016
BMW 14,847 12,659 15,120 15,293 13,568
Mercedes-Benz 10,334 8,952 13,122 11,745 10,784
Lexus 7,847 5,813 7,612 8,456 6,819
Jeep 6,593 5,139 6,652 6,479 5,542
VW 6,315 5,764 5,466 5,438 4,685
Audi 5,939 5,330 6,185 5,432 4,854
Porsche 5,836 4,452 5,601 5,410 4,977
Land Rover 5,673 4,299 5,718 4,757 4,468
Toyota 5,655 4,937 5,990 5,651 5,672
Subaru 4,421 3,551 3,747 3,639 3,254

(Source: Created based on MarkLines' data)



Sales of new energy vehicles for Jan.-Jun. 2016 increases 133% y/y to 169,000 units

  Sales of new energy vehicles (EVs and PHVs) in China for the period were around 169,000 units (on a factory shipments basis, including commercial vehicles), approximately 2.3 times that for the corresponding period of the previous year.

  In response to increasing new energy vehicle sales volume, in April 2015 the Chinese government announced that it will extend the term of a subsidy policy from the end of 2015 to the end of 2020 by modifying requirements and the subsidy allowances. At present, the subsidy amount for vehicles other than fuel cell vehicles is scheduled to be lowered from 2017 onward.

  The Chinese government touted the new energy industry as a pillar of growth in China's 13th Five-year Plan (2016-2020). In line with the national policy, Chinese OEMs are committed to not only developing new energy vehicles, but also pursuing new energy-related operations that include building related infrastructure and producing three dimension lithium-ion batteries. As a result of this, SAIC Motor Group is pursuing construction of related infrastructure like charging stations, as well as the development and sales of new energy vehicles through its group companies.

  About 108,000 units of China's total passenger car sales volume for H1 2016 were new energy vehicles. Four BYD Auto models were ranked among the top-ten selling new energy passenger cars for the period. Sales of BYD's new energy vehicles accounted for about 40% of the market.

  In addition to state-owned OEMs and major Chinese own brands like BYD and Chery Automobile, many small and midsize OEMs also are involved in the new energy vehicle business. These companies are accelerating expansion of their operations including the establishment of new energy vehicle-related subsidiaries and plants.

EV/PHV market share by OEM
(Source: Created based on MarkLines' data)
Sales volume of new energy vehicles in China
(Source: Created by MarkLines based on CAAM's and MIIT's announcements)



2016 first half sales volume by major Chinese automotive group (on factory shipment basis)

  The following table shows sales the results for major Chinese automotive groups that had sales in excess of 100,000 units in H1 2016. The figures are organized by company.

  Shenyang Jinbei Automotive Co., Ltd.'s and Chongqing Lifan Automobile Co., Ltd.'s sales volumes for the first half of 2016 were about 77,000 units and 97,000 units respectively (less than 100,000 units), although they both sold more than 100,000 vehicles H1 2015.

(units)

Group Marker Jan.-Jun. 2015 Jan.-Jun. 2016 Changes (YoY)
SAIC SAIC-GM-Wuling Automotive 986,092 1,012,429 2.7%
Shanghai VW 938,787 968,723 3.2%
SAIC-GM 789,127 827,549 4.9%
Nanjing Iveco 40,777 40,862 0.2%
SAIC Motor Passenger Vehicle
Nanjing plant
34,528 62,980 82.4%
SAIC Motor Passenger Vehicle
Shanghai/Yizheng plant
33,670 46,708 38.7%
SAIC Motor Commercial Vehicle 15,681 8,252 -47.4%
SAIC Iveo Hongyan 4,792 8,011 67.2%
Shanghai Sunwin Bus Corp.・Volvo 729 858 17.7%
MAXUS Automotive - 13,346 -
Sub total 2,844,183 2,989,718 5.1%
Dongfeng Dongfeng Nissan 441,086 490,116 11.1%
Dongfeng PSA 354,767 286,886 -19.1%
Dongfeng-Yueda-Kia 303,157 285,590 -5.8%
Dongfeng Motor 205,595 214,087 4.1%
Dongfeng Honda 168,105 248,405 47.8%
Dongfeng Liuzhou 130,500 135,033 3.5%
Dongfeng Motor Corp.
Passenger Vehicle
49,005 64,930 32.5%
Dongfeng Yulon 28,200 21,412 -24.1%
Zhengzhou Nissan 17,825 12,231 -31.4%
Dongfeng Nanchong 1,187 866 -27.0%
DFSK Motor 110,620 133,390 20.6%
Dongfeng Renault - 8,193 -
Sub total 1,810,047 1,901,139 5.0%
Changan Chongqing Changan 674,614 674,689 0.0%
Changan Ford 429,683 423,520 -1.4%
Jiangxi Jiangling Holdings 148,726 171,653 15.4%
Changan Mazda 78,924 91,162 15.5%
Changan Suzuki 66,726 57,274 -14.2%
Nanjing Changan 26,654 4,087 -84.7%
Bao ding Changan Bus 26,618 27,727 4.2%
Changan PSA 13,758 8,715 -36.7%
Jiangling Motors Group Light Vehicle 4,725 5,209 10.2%
Jiangling Group Jingma 1,269 1,657 30.6%
Hafei Motor 9 0 -
Jiangling Heavy Truck 2 0 -
Hefei Changan Automobile 0 24,463 -
Sub total 1,471,708 1,490,156 1.3%
China FAW FAW-Volkswagen 804,098 898,040 11.7%
FAW Car 119,406 80,868 -32.3%
FAW Toyota 271,306 319,507 17.8%
China FAW Group 87,887 114,053 29.8%
Tianjin FAW Xiali 37,348 19,033 -49.0%
FAW Haima 35,039 32,576 -7.0%
FAW Jilin Automobile 17,134 20,980 22.4%
Tianjin Tianqi Group Meiya Auto Mfg. 21 230 995.2%
Sub total 1,372,239 1,485,287 8.2%



Group Marker Jan.-Jun. 2015 Jan.-Jun. 2016 Changes (YoY)
BAIC Beijing Hyundai 510,276 522,769 2.45%
Beiqi Foton 267,771 250,426 -6.48%
BAIC Yinxiang Automobile 122,971 153,805 25.07%
BAIC Motor 111,249 158,075 42.09%
BAIC Benz 103,034 143,398 39.18%
Jiangxi Changhe Suzuki 31,971 21,594 -32.46%
Jiangxi Changhe Automobile Liability 24,455 30,239 23.65%
BAIC Guangzhou 9,700 18,902 94.87%
Beijing Automobile Works 7,282 17,166 135.73%
Beijing Automotive Group
Off-road vehicle Branch
1,418 1,975 39.28%
Beijing New Energy Vehicle 0 3,961 -
Sub total 1,190,127 1,322,310 11.11%
GAC Guangqi Honda 244,549 273,987 12.04%
Guangqi Toyota 193,452 208,752 7.91%
GAC Motor 59,031 166,467 182.00%
GAC Mitsubishi 30,730 19,247 -37.37%
GAC Fiat Chrysler 17,171 61,168 256.23%
GAC Gonow 7,467 1,519 -79.66%
Guangqi Hino 1,397 776 -44.45%
Guangzhou Automobile Group Bus 116 44 -62.07%
Sub total 553,913 731,960 32.14%
Great Wall Motor 415,339 450,252 8.41%
Anhui Jianghuai
Automotive
Anhui Jianghuai Automobile (JAC) 288,109 326,235 13.23%
Anhui Ankai Automobile 4,182 4,322 3.35%
Sub total 292,291 330,557 13.09%
Brilliance BMW Brilliance 140,060 142,264 1.57%
Shenyang Brilliance Jinbei 124,945 155,668 24.59%
Brilliance Xinyuan Chongqing 697 30,168 4228.26%
Sub total 265,702 328,100 23.48%
Geely Holding Geely 255,146 281,078 10.16%
Geely Zhidou Electric Vehicles 0 3,434 -
Kandi Electric Vehicles GroupKANDI 0 7,598 -
Sub total 255,146 292,110 14.49%
Chery Chery Automobile 226,675 227,512 0.37%
Cowin Automobile 12,172 8,824 -27.51%
Qoros Auto 5,744 9,972 73.61%
Sub total 244,591 246,308 0.70%
BYD BYD Auto 227,399 217,893 -4.18%
Changsha BYD Bus 1,856 0 -

Shenzhen BYD Daimler
New Technology (BDNT)

619 893 44.26%
Guangzhou GAC BYD
New Energy Bus
0 9 -
Sub total 229,874 218,795 -4.82%
Zotye Holding Chengdu Xindadi Automobile 56,601 59,213 4.61%
Hunan Jiangnan Automobile Mfg. 44,417 22,584 -49.15%
Zotye Holding Group (Jintan Plant) 0 67,674 -
Sub total 101,018 149,471 47.96%
Others 808,661 869,837 7.57%
Grand Total 11,854,839 12,806,000 8.02%

(Source: Created based on MarkLines' data)

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