The Chinese market in 2016: Passenger vehicle tax break contributes to record high sales

SUVs comprise 37% of the passenger vehicle market, Chinese brands expand market share

2017/02/20

Summary

Chinese car sales (Source: Created from CAAM announcement and the MarkLines database)

  In 2016, new vehicle sales in the Chinese market reached an all-time high of 28.03 million vehicles (based on factory shipments, including exports), exceeding the China Association of Automobile Manufacturers' (hereafter referred to as CAAM) initial sales forecasts of 26.04 million vehicles with a year-over-year (y/y) increase of 13.9%.

  The reason for this growth can be attributed to the tax break for passenger vehicles with an engine displacement of 1.6 liters or lower that started in October 2015. In December, the original tax break ended, which created a last minute rush in demand, and these vehicles accounted for 74% of passenger vehicle sales with 1.98 million vehicles. Additionally, throughout 2016, roughly 70% of all passenger vehicle sold, a total of 17.607 million vehicles, had an engine displacement of 1.6 liters or lower.

  As for vehicle sales per group, the top five companies (SAIC, Dongfeng Motor, FAW, Changan Automobile, BAIC) continued to dominate. The automakers saw y/y growth of 10.7% to roughly 19.714 million vehicles, accounting for approximately 70% of the market as a whole.

  By vehicle type, sales of SUV models, which are popular in China, grew 45% y/y and exceeded 9 million vehicles. SUVs accounted for 37% of the passenger vehicle market, with 57% coming from Chinese brands. At the same time, the market share of sedans and hatchbacks shrank from 55% in the previous year to 50% with sales of over 12 million vehicles.

  With regards to the market share of passenger vehicles from Chinese/foreign brands, Chinese OEMs, which actively released SUV models, lead by 43% with sales of over 10 million vehicles. Although many foreign brands increased vehicle sales, their market shares also decreased slightly. In particular, the French OEM PSA not only saw its market share decrease, but its vehicle sales also fell by roughly 16%. The VW Group's vehicle sales declined in 2015, but recovered in 2016 with a 12.1% y/y increase to 3.87 million vehicles.

  Vehicle exports in 2016 continued to decline, continuing to fall from the previous year to 708,000 vehicles. At the same time, passenger vehicle exports saw a y/y increase of 11.5% to 477,000 vehicles. Vehicle imports saw a y/y decline by 3.3% between January and November to 958,000 vehicles.

  Thanks to government subsidies, sales of new energy vehicles (NEVs), including vehicles like EVs and PHVs, grew to 507,000 vehicles, or roughly 150% in comparison to the previous year. Roughly 332 thousand units of passenger NEVs were sold. BYD continues to be the market leader with its vehicles accounting for roughly 30% of NEV sales.

  The Chinese Association of Automobile Manufacturers (CAAM) set its vehicle sales forecast for China in 2017 at roughly 29.4 million vehicles, and projects that Chinese OEMs will strengthen their branding, leading to even more intense competition. The next report on China will cover the 2017 vehicle sales forecasts of automakers.


Related Reports:

Sales in China rise 8.0% to 12.81 million units in first half of 2016 due to tax breaks (Aug. 2016)
Chinese OEM plans for 2016: Tax break pushing growth to 6% (Mar. 2016)



2016 vehicle sales increase 13.9% y/y, SUV models drive growth

  China's GDP growth rate in the fourth quarter of 2016 was the same as in 2015 at 6.8%, but the full-year GDP growth rate in fell to 6.7%, 0.2 points lower than the 2015 figure, making it the lowest growth rate in 26 years.

  However, new vehicle sales in the Chinese automobile market in 2016 grew 13.9% y/y to 28.028 million vehicles, exceeding CAAM's forecast of 26.04 million by roughly 1.99 million vehicles.

  Commercial vehicle sales have decreased every year from 2014, but in 2016, there was y/y growth of 5.8% to 3.65 million vehicles.

Sales volume in China (in thousands of units)

2011 2012 2013 2014 2015 2016 2016
y/y
Grand total 18,505 19,306 21,984 23,492 24,598 28,028 13.94%
Passenger car total 14,472 15,495 17,929 19,701 21,146 24,377 15.28%
Sedan & Hatchback 10,123 10,745 12,010 12,377 11,720 12,150 3.67%
SUV 1,594 2,000 2,989 4,078 6,220 9,047 45.45%
MPV 498 493 1,305 1,914 2,107 2,497 18.49%
Mini van 2,258 2,257 1,625 1,332 1,099 684 -37.81%
Commercial vehicle total 4,033 3,811 4,055 3,791 3,451 3,651 5.80%
Truck/Semi Trailer 3,545 3,304 3,496 3,184 2,856 3,108 8.82%
Bus 488 507 559 607 595 543 -8.67%

(Source: Created based on MarkLines' database)
Note 1: All the sales figures are on a wholesale basis, and include exports and commercial vehicles.
Note 2: From 2013, some minivan models were reclassified as MPVs.
Note 3: The minivan category includes all passenger cars except sedans and hatchbacks, and SUVs and MPVs.

Chinese auto maket growth (Source: Created based on MarkLines' database)

  Monthly vehicle sales in 2016 had y/y growth every month but February. Sales were particularly strong in the July to September period, with 20% growth. Additionally, December saw record-high sales of 3.057 million vehicles.












Chinese in monthly sales of passenger vehicles (Source: Created by MarkLines based on MIIT's announcementsCreated )

Passenger vehicles with an engine displacement of 1.6L and below account for 70% of the passenger vehicle market

  Taxes on vehicles with engine displacements of 1.6L or less were reduced from 10% to 5% in October 2015, and this boosted sales for the market as a whole in 2016. Vehicle sales for automobiles with an engine displacement of 1.6 liters or lower totaled 17.607 million units for the full year 2016. Moreover, excluding October 2015, when the tax break was implemented, the vehicles in this segment had a market share in the 70% range of the passenger vehicle market up to December 2016. At this time the original tax break was reduced, leading to a last minute rush in demand for the vehicles resulting in them accounting for 74% of new vehicle sales in the passenger vehicle market, and a y/y increase of 14% to approximately 1.98 million vehicles.

  Originally the preferential tax policy for these vehicles was scheduled to end in December 2016, but in mid-December the government announced it would extend the tax break to the end of 2017 at a decreased rate of 7.5%, starting from January 1st, 2017. Starting January 1st, 2018, the tax rate will return to 10%.



 



Sales volume by group: SAIC and Dongfeng hold the top two positions, while the gap between FAW (3rd), Changan (4th), and BAIC (5th) closes

Top five OEMs sell approximately 19.714 million vehicles with a market share of roughly 70%

Market share among top five groups from 2011 onward(Source: Created based on MarkLines' database)

  2016 vehicle sales by group in China (including commercial vehicles) saw the SAIC group continue to lead the market from the previous year. Although the group's market share decreased from 23.8% in 2015 to 23.1% in 2016, vehicle sales increased from 5.86 million to 6.47 million vehicles.

  Dongfeng Motor group maintained its 2nd place position. Its vehicle sales increased by 10.5% y/y and surpassed 4 million units. In the first half of 2016 (January to June), the group's market share fell under 15%, but in the second half, thanks to an increase in vehicle sales, the automaker's final market share for 2016 was 15.1%.

  Although there were no changes in the 3rd to 5th place rankings (FAW Group, Changan Automobile Group, BAIC Group, respectively), the gap between the 3rd place FAW Group and 4th place Changan Automobile Group has been closing every year. In 2012, there was a difference of 696,000 vehicles, but at the end of the year in 2016, the difference was reduced to 284,000 vehicles.



Sales Volume by major Chinese automotive group

(Thousand units)

2011 2012 2013 2014 2015 2016
SAIC 3,966.0 4,461.4 5,073.3 5,583.7 5,863.5 6,471.6
Dongfeng 2,977.3 2,994.0 3,460.7 3,743.6 3,822.3 4,224.3
China FAW 2,605.7 2,648.5 2,911.1 3,086.7 2,843.8 3,106.0
Changan Automobile 1,969.4 1,957.9 2,260.7 2,557.0 2,788.1 3,077.6
BAIC 1,526.3 1,691.1 2,055.9 2,400.9 2,489.0 2,834.9
GAC 716.1 683.1 955.7 1,131.2 1,283.9 1,636.4
Great Wall 486.8 624.6 754.2 730.8 852.7 1,074.5
Geely 432.8 491.4 549.4 425.8 561.9 871.5
Brilliance Automobile 294.1 375.0 476.7 517.9 603.4 649.2
JAC 494.8 486.8 514.3 464.7 587.9 638.3
(Source: Created based on MarkLines' database)


Passenger vehicle market: Market share of Chinese OEMs increases to 42.9%, French OEMs see a y/y decrease in both market share and vehicle sales

y/y passenger car market share by Chinese and foreign brand(Source: Created based on MarkLines' database)

  In 2016, the market share of Chinese brands for passenger vehicles increased by 2.4 points from 2015 to 42.9% with sales of over 10 million vehicles. Of the Chinese brands, SAIC sold 2.219 million vehicles, putting a large gap between it and 2nd place Changan Automobile's 1.22 million. Coming in at third was the Great Wall Motor Company, known for its many SUV models, which saw a y/y increase of 28.6% to 969,000 vehicles. Following Great Wall Motor was Geely Automobile, which is the owner of Volvo Car.

  Japanese OEMs sold 3.956 million vehicles, with the major automakers Honda, Nissan, and Toyota increasing their sales. Toyota sold a total of 483,000 vehicles consisting of Corollas, as well as New Corolla and Levis hybrid vehicles, which accounted for 45% of total sales. Honda had y/y growth of 22.2% to 1.22 million vehicles thanks to its three SUV models, the CR-V, Vezel, and XR-V, which achieved a large increase in sales to lead Japanese brands. Nissan's family sedans, which primarily consist of vehicles that have an engine displacement of 1.6L like the Bluebird Sylphy and Sylphy, as well as its Qashqai SUV model helped contribute to y/y growth of 14.3% to 1.184 million vehicles.

  Sales of vehicles from German OEMs increased 12.8% y/y to 4.513 million vehicles. Although its vehicle sales decreased in 2015, the VW Group, with its abundant lineup of sedans, saw an increase of 12.1% y/y to 3.873 million vehicles in 2016. The Daimler Group sold 870,000 units of its GLC-Class SUV model that was released in 2016, along with other SUVs such as the GLA-Class and the C-Class that contributed to growth in sales. Although the BMW group released the Chinese-made 2 Series in 2016, because the automaker's only Chinese-made SUV is the X1, its vehicle sales were weak, achieving only 7.8% y/y growth to 310,000 vehicles.

  While the sales of other foreign brands continued to increase, the French OEM PSA saw a y/y decrease of 15.8% to 614,000 vehicles. The DS4 and DS6 luxury brands released in 2016 failed to gain popularity, and even the best-selling Peugeot 3008 only sold 74,000 vehicles.

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

(Thousand units)

2015 2016 2016
y/y
Sales Volume Market share Sales Volume Market share
Chinese brand 8,571 40.5% 10,462 42.9% 22.1%
German brand 4,002 18.9% 4,513 18.5% 12.8%
Japanese brand 3,521 16.7% 3,956 16.2% 12.4%
U.S. brand 2,635 12.5% 2,977 12.2% 13.0%
Korean brand 1,679 7.9% 1,792 7.4% 6.7%
French brand 729 3.4% 614 2.5% -15.8%
Others 9 - 62 0.3% 592.8%
(Source: Created based on MarkLines' data)

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

(units)

Country Group 2011 2012 2013 2014 2015 2016
China SAIC 1,309,786 1,492,918 1,655,695 1,771,467 1,983,728 2,218,894
Changan Automobile 790,021 793,086 837,532 975,045 1,113,317 1,219,579
Great Wall 365,075 487,370 627,434 612,486 753,230 968,850
Geely 447,636 498,897 553,128 430,158 564,828 867,971
BAIC 72,023 114,404 240,172 456,730 623,569 829,089
Dongfeng 397,663 428,169 503,566 555,913 597,957 734,572
Chery 634,311 550,203 453,918 468,192 498,576 611,199
BYD 448,484 456,056 506,190 437,725 441,930 494,361
GAC 28,947 44,672 100,987 130,831 198,474 371,652
JAC 217,201 202,395 203,356 195,570 346,175 367,318
Brilliance Automobile 198,687 227,606 269,274 238,616 315,905 339,104
Zotye Holding Group 134,920 122,194 134,263 166,252 222,899 333,087
China FAW 618,822 482,960 447,691 384,166 327,207 272,742
Haima Automobile 70,052 44,020 67,690 93,308 110,829 153,607
Jiangling Motors Co. Group 24,810 24,764 36,356 59,100 68,518 134,456
Fujian Motor Industry 89,243 93,702 109,441 77,143 93,603 130,942
Lifan Industry 122,319 182,860 172,432 147,847 131,948 100,791
Hunan Liebao Automobile 0 0 24,398 18,403 2,525 87,660
Hawtai (Huatai) Automobile 19,227 34,071 28,729 54,073 71,172 73,029
Other 78,435 82,690 46,923 60,466 104,840 153,214
Sub total 6,067,662 6,363,037 7,019,175 7,333,491 8,571,230 10,462,117
Germany VW Group 2,200,715 2,608,896 3,037,895 3,505,893 3,455,818 3,872,604
Daimler Group 88,755 101,130 127,207 156,039 258,227 329,973
BMW Group 95,444 147,374 207,430 279,258 287,531 310,099
Sub total 2,384,914 2,857,400 3,372,532 3,941,190 4,001,576 4,512,676
Japan Honda 642,011 627,610 780,986 810,960 998,718 1,220,415
Renault Nissan 832,193 793,314 948,488 975,966 1,035,810 1,183,644
Toyota Group 806,345 746,607 858,868 956,285 1,010,178 1,064,173
Mazda 211,603 172,732 184,298 197,062 234,248 276,066
Suzuki 297,135 253,471 231,417 263,232 177,737 151,603
Mitsubishi 41,931 32,226 63,347 73,548 62,406 58,589
Isuzu 0 0 0 0 2,070 1,806
Sub total 2,831,218 2,625,960 3,067,404 3,277,053 3,521,167 3,956,296
U.S GM Group 1,255,842 1,393,517 1,542,558 1,723,939 1,724,976 1,880,004
Ford Group 320,657 418,501 678,951 801,603 870,707 951,189
FCA 331 11,338 48,397 68,090 39,488 146,139
Sub total 1,576,830 1,823,356 2,269,906 2,593,632 2,635,171 2,977,332
Korea Hyundai-Kia Group 1,172,318 1,340,038 1,577,574 1,766,054 1,678,890 1,792,017
Sub total 1,172,318 1,340,038 1,577,574 1,766,054 1,678,890 1,792,017
France PSA 404,139 440,028 552,559 727,024 729,269 613,996
Sub total 404,139 440,028 552,559 727,024 729,269 613,996
Malaysia Proton 35,335 45,421 69,708 62,125 9,017 0
Sub total 35,335 45,421 69,708 62,125 9,017 0
India Tata 0 0 0 0 0 62,468
Sub total 0 0 0 0 0 62,468
Ground total 14,472,416 15,495,240 17,928,858 19,700,569 21,146,320 24,376,902

(Source: Created based on MarkLines' data)


The following is the brand composition of each group:
Note1: 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
Note2: SAIC Group's data includes Baojun and Wuling.



Vehicle type: SUVs exceed 9 million units, SUVs from Chinese brands account for nearly 60% of sales

  In the passenger vehicle market, the market share of SUVs increased by 7.7 points y/y to 37.1%, and sales exceeded 9 million units.

  Of the SUVs sold in 2016, nearly 60%, or 5.24 million vehicles, were from Chinese brands, increasing significantly from the 600,000 units sold in 2011, with many of the top ten models coming from the domestic brands. Moreover, the best-selling SUV model was Great Wall Motor's H6 D segment SUV, with 580,000 units. The smash-hit model has sold a total of 1.488 million vehicles since its release in 2013.

  By SUV segment, C segment SUVs such as SAIC-GM-Wuling Automobile's Baojun 560 and Dongfeng Honda's CR-V accounting for nearly 60% of sales. 54.7% of the C segment SUV market was comprised of Chinese brands, followed by Japanese brands with 16.4%. Additionally, B segment SUVs, such as Great Wall Motor Company's H2 and Guangqi Honda's Vezel sold 88,000 vehicles in 2011, and increased annual sales, reaching 1.25 million units in 2016.

  Sales of sedans and hatchbacks decreased in 2015 by 5.3% y/y to 11.72 million vehicles, but rose 3.7% in 2016 to 12.15 million vehicles. However, by vehicle type shares, vehicle sales have continued to decline from 2013 to 43.3% in 2016.

  Roughly 2.5 million MPVs were sold, leading to a y/y increase of 18.5%. Of the top ten models, excluding the SAIC-GM Buick GL8/New Buick GL8, all models were from Chinese OEMs.

Market share
(Source: Created based on MarkLines' data)
Chinese SUV
(Source: Created based on MarkLines' data)

SUV segment
(Source: Created based on MarkLines' data/differs from CAAM's definition of the SUV segment)
C segment SUV class
(Source: Created based on MarkLines' data/ differs from CAAM's definition of the SUV segment)

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

Sedan / Hatchback

(Thousand units)

Model Segment Maker/Brand Sales Volume
for 2015
Sales Volume
for 2016
1 Lavida C SAIC VW 379.1 478.9
2 Elantra/Yuedong/Langdong/Elantra 2016 C BAIC Hyundai 280.3 389.9
3 Excelle GT C SAIC GM 269.7 370.4
4 Bluebird Sylphy/Sylphy C Dongfeng Nissan 334.1 368.0
5 Jetta C FAW VW 274.9 348.4
6 Sagitar C FAW VW 279.9 341.3
7 Corolla/New Corolla C FAW Toyota 300.6 324.1
8 Escort C Changan Ford 214.4 296.9
9 New Santana C SAIC VW 237.3 282.8
10 Focus C Changan Ford 246.1 225.7

SUV

(Thousand units)

Model Segment Maker/Brand Sales Volume
for 2015
Sales Volume
for 2016
1 Haval H6 SUV (Class D) Great Wall 373.2 580.7
2 Trumpchi GS4 SUV (Class C) GAC Motor 131.3 327.0
3 Baojun 560 SUV (Class C) SAIC GM Wuling 145.0 321.6
4 Envision SUV (Class C) SAIC GM 163.0 275.4
5 Tucson/ix35 SUV (Class C) BAIC Hyundai 159.5 248.6
6 Tiguan SUV (Class C) SAIC VW 255.8 242.2
7 CS75 SUV (Class C) Chongqing Changan 186.6 209.4
8 Refine S3 SUV (Class C) JAC 196.8 197.9
9 Haval H2 SUV (Class B) Great Wall 168.5 196.9
10 CR-V SUV (Class C) Dongfeng Honda 156.6 180.3

MPV

(Thousand units)

Model Maker/Brand Sales Volume
for 2015
Sales Volume
for 2016
1 Wuling Hongguang SAIC GM Wuling 655.5 650.0
2 Baojun 730 SAIC GM Wuling 321.1 370.2
3 Dongfeng Sokon Dongfeng Sokan 99.6 168.6
4 Honor Chongqing Changan 142.3 152.6
5 Oushang Chongqing Changan 1.0 118.2
6 Huansu H3 BAIC Yinxiang 17.5 106.6
7 Lingzhi Dongfeng Liuzhou 116.9 90.7
8 Weiwang M20/M30 BAIC Yinxiang 0.0 87.9
9 Buick GL8/New Buick GL8 SAIC GM 79.0 79.6
10 Fengxing S500 Dongfeng Liuzhou 10.0 71.7
(Source: Created based on MarkLines' data)

Lavida/SAIC VW
(Photo: Lavida/ SAIC VW)
H6

H6 /Great Wall

Wuling Hongguang S1/ SAIC
GM Wuling
(Photo:Wuling Hongguang S1/ SAIC GM Wuling)


Exports/Imports: Imports and exports both recover from the second half of 2016, SUVs also popular among imported vehicles

Exports

  Start from here. Chinese vehicle exports in 2016 decreased by 2.7% y/y to 708,000 vehicles, continuing a downward trend from the previous year. However, thanks to the increase in passenger vehicle exports in the second half of the year (July to December), exports increased by 11.5% y/y to 77,000 vehicles, showing signs of recovery. The leading OEM for exports from China in 2016 was the SAIC group with 112,000 vehicles.


  Although 377,000 commercial vehicles were exported in 2013, these figures have continued to decline, reaching only 231,000 vehicles in 2016 for a y/y decrease of 23.1%. In the "Made in China 2025" roadmap for prioritized technology announced in October 2015, China aims to export 20% of new energy commercial vehicles (assembled vehicles) made in China by 2025.

Changes exported vehicle
(Source: Created based on CAAM announcements
and various reports by MarkLines)

Imports

  Vehicle imports to China between January and November 2016 decreased y/y by 3.3% to 958,000, continuing a downward trend from the previous year. However, in 2016, the reduction rate improved by nearly 20 points in comparison to 23.5% from the previous year, and following July 2016, there have been signs of a recovery.


  However, an additional tax of 10% was implemented on December 1, 2016, targeted at passenger vehicles, as well as lightweight and mid-size commercial vehicles costing CNY 1.3 million or more (not including VAT) at the point of production or import. In addition to the current tax rate, an additional tax was added to retail, which may have an effect on the sales of extremely expensive imported vehicles.



Note 1: Figures for December 2014 and 2015 were calculated from annual figures.
Note 2: 2014-2016 do not include adjustment values.
Note 3: Data on China's vehicle imports in Dec. 2016 was not released as of Jan.26, 2017.

*VAT: Equivalent to sales tax in Japan.

Changes in imported
(Source: Created by MarkLines based on publications from CAAM and China's Ministry of Industry and Information Technology (MIIT).)


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

  Regarding vehicle imports by OEM and brand between January and November 2016, BMW vehicles were the most imported, as was the case with the first half of 2016. Although many foreign brands saw a y/y decrease in imports, the Toyota brand grew 16.2% to 820,000 vehicles.

  The top three imported models were all popular SUVs, with Toyota's Land Cruiser Prado coming in at first with 41,000 vehicles, BMW's X5 coming in second with 40,000, and Jeep's Compass in third with 38,000.

(units)

Maker/Brand Jan.-Non. 2015 Jan.-Non. 2016 Changes (YoY)
BMW 161,631 164,047 1.5%
Mercedes-Benz 120,797 120,404 -0.3%
Lexus 78,804 82,054 4.1%
Toyota 54,003 62,729 16.2%
Audi 74,029 62,268 -15.9%
Jeep 66,690 61,515 -7.8%
Porsche 58,882 59,193 0.5%
VW 79,762 57,904 -27.4%
Land Rover 58,566 53,693 -8.3%
Subaru 55,775 38,939 -30.2%
(Source: Created based on MarkLines' data)


New energy vehicles sales in 2016 expand by roughly 1.5 times to 507,000 vehicles

  Sales of NEVs continued to grow y/y by roughly 1.5 times to 507,000 vehicles thanks to discounts from subsidies and priority registrations.

  Approximately 332,000 units of the NEVs sold were passenger vehicles. Four of BYD's models ranked in the top ten for NEVs, accounting for 30% of the market. In accordance with the expansion of the NEV market, in addition to companies like Hunan Jiangnan Automobile and Beijing New Energy Vehicle, there has been an increase in new small and medium-sized OEMs entering the market.

  In its"13th Five-year Plan for Strategic Industries (2016-2020)" announced in mid- December 2016, the Chinese government set a goal for annual production and sales of 2 million NEVs, and total production and sales exceeding 5 million units; and is officially adding to its efforts promoting the production and sales of the vehicles.

  In 2016, it was reported that purchasing subsidy misconduct has been perpetrated by a number of automakers. In order to encourage the healthy development of the NEV market, the Ministry of Industry and Information Technology (MIIT) announced subsidies for NEVs on December 29, 2016 (implemented on January 1, 2017) featuring stricter technological requirements (battery volume, battery life, driving range, etc.) for the vehicles on the recommended model list, and lowered the overall amount of subsidization.

  In January 2017, the MIIT released a new list containing eleven OEMs that produce new energy vehicles as well as a list of models.

sales volume of new energy vehicle
(Source: Created by MarkLines based on MIIT's announcements)
Market share by EV/HV/PHV
(Source: Created based on MarkLines' data)
EV/PHV market share
(Source: Created based on MarkLines' data)


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

  The following chart shows vehicle numbers by OEM from major automaker groups in 2016. The y/y growth rate for the top five groups, SAIC, Dongfeng, FAW, Changan, and BAIC, stayed in the 9% to 10% range. The GAC group, in sixth place, saw a 27.5% increase thanks to the increase in sales of its own brand GS4 and the release of GAC FCA models. Great Wall Motor Company, which ranked seventh, was buoyed by healthy sales of SUV models, and experienced a 26% increase. 8th place Geely Automobile group saw a major increase of 55.1% thanks to the healthy growth of Volvo Cars and its own brands.

(units)

Group Maker 2015 2016 Changes
(YoY)
SAIC SAIC-GM-Wuling Automotive 2,040,007 2,130,177 4.4%
Shanghai VW 1,805,633 2,000,238 10.8%
SAIC-GM 1,724,976 1,880,004 9.0%
SAIC Motor Passenger Vehicle Shanghai/Yizheng plant 86,281 179,380 107.9%
SAIC Motor Passenger Vehicle Nanjing plant 83,736 142,337 70.0%
Nanjing Iveco 77,000 75,772 -1.6%
MAXUS Automotive 18,950 27,142 43.2%
SAIC Motor Commercial Vehicle 16,103 18,981 17.9%
SAIC Iveo Hongyan 8,708 15,517 78.2%
Shanghai Sunwin Bus Corp.・Volvo 2,103 2,007 -4.6%
Sub total 5,863,497 6,471,555 10.4%
Dongfeng Dongfeng Nissan 1,026,145 1,144,032 11.5%
Dongfeng-Yueda-Kia 616,094 650,006 5.5%
Dongfeng PSA 710,696 600,237 -15.5%
Dongfeng Honda 406,468 570,077 40.3%
Dongfeng Motor 398,716 439,442 10.2%
DFSK Motor 223,211 306,593 37.4%
Dongfeng Liuzhou 250,678 261,300 4.2%
Dongfeng Motor Corp. Passenger Vehicle 94,628 148,944 57.4%
Dongfeng Yulon 60,405 40,514 -32.9%
Dongfeng Renault 0 30,006 -
Zhengzhou Nissan 33,186 28,813 -13.2%
Dongfeng Automobile 11 4,347 39418.2%
Dongfeng Nanchong 2,066 0 -100.0%
Sub total 3,822,304 4,224,311 10.5%
FAW FAW-Volkswagen 1,650,185 1,872,366 13.5%
FAW Toyota 610,066 645,088 5.7%
China FAW Group 175,190 228,609 30.5%
FAW Car 236,003 197,343 -16.4%
FAW Haima 70,617 62,861 -11.0%
FAW Jilin Automobile 36,864 61,052 65.6%
Tianjin FAW Xiali 64,849 38,343 -40.9%
Tianjin Tianqi Group Meiya Auto Mfg. 21 338 1509.5%
Sub total 2,843,795 3,106,000 9.2%
Changan/Chana Chongqing Changan 1,219,112 1,284,646 5.4%
Changan Ford 868,677 943,782 8.6%
Jiangxi Jiangling Holdings 305,850 378,077 23.6%
Changan Mazda 153,122 189,640 23.8%
Changan Suzuki 120,175 115,330 -4.0%
Hefei Changan Automobile 40 77,943 194757.5%
Bao ding Changan Bus 47,532 50,629 6.5%
Changan PSA 24,451 16,123 -34.1%
Jiangling Motors Group Light Vehicle 9,018 11,018 22.2%
Nanjing Changan 37,522 7,181 -80.9%
Jiangling Group Jingma
(former Jiangxi Fire Reels Manufacturing Plant)
2,528 3,186 26.0%
Jiangling Heavy Truck
(former: Taiyuan Changan Heavy-duty Truck)
33 52 57.6%
Nanjing Changan 9 0 -100.0%
Sub total 2,788,069 3,077,607 10.4%

(units)

Group Marker 2015 2016 Changes
(YoY)
BAIC Beijing Hyundai 1,062,826 1,142,016 7.5%
Beiqi Foton 490,070 501,094 2.2%
BAIC Motor 250,752 344,721 37.5%
BAIC Benz 250,188 317,069 26.7%
BAIC Yinxiang Automobile 288,078 303,116 5.2%
Jiangxi Changhe Automobile Liability 43,082 73,723 71.1%
BAIC Yinxiang Automobile 56,998 36,273 -36.4%
Beijing Automobile Works 18,885 33,684 78.4%
BAIC Guangzhou 23,730 32,349 36.3%
Beijing New Energy Vehicle 578 19,221 3225.4%
BAIC (Zhenjiang) Automobile 0 18,007 -
Beijing Automotive Group Off-road vehicle Branch 3,783 13,658 261.0%
Sub total 2,488,970 2,834,931 13.9%
GAC Guangqi Honda 580,068 638,791 10.1%
Guangqi Toyota 403,088 421,800 4.6%
GAC Motor 191,578 370,768 93.5%
GAC Fiat Chrysler 39,488 146,439 270.8%
GAC Mitsubishi 56,317 55,888 -0.8%
Guangqi Hino 1,675 1,801 7.5%
Guangzhou Automobile Group Motor (Hangzhou) 0 884 -
GAC Gonow 11,438 0 -100.0%
Guangzhou Automobile Group Bus 278 0 -100.0%
Sub total 1,283,930 1,636,371 27.5%
Great Wall Motor 852,693 1,074,471 26.0%
Geely Holding Geely 522,380 767,151 46.9%
Volvo Cars 0 70,342 -
Geely Zhidou Electric Vehicles 25,395 20,292 -20.1%
Kandi Electric Vehicles Group (KANDI) 14,078 11,745 -16.6%
Geely Sichuan Commercial Vehicle 0 1,961 -
Sub total 561,853 871,491 55.1%
Brilliance BMW Brilliance 287,531 310,099 7.8%
Shenyang Brilliance Jinbei 290,727 263,457 -9.4%
Brilliance Xinyuan Chongqing 25,178 75,647 200.4%
Sub total 603,436 649,203 7.6%
Anhui Jianghuai Automotive Group (JAC) Anhui Jianghuai Automobile 577,926 628,123 8.7%
Anhui Ankai Automobile 10,017 10,166 1.5%
Sub total 587,943 638,289 8.6%
Chery Chery 480,102 566,110 17.9%
Cowin 23,448 45,742 95.1%
Qoros Auto 14,247 24,188 69.8%
Sub total 517,797 636,040 22.8%
BYD BYD Auto 447,330 507,639 13.5%
Guangzhou GAC BYD New Energy Bus 2,958 2,287 -22.7%
Guangzhou GAC BYD New Energy Bus 0 178 -
Sub total 450,288 510,104 13.3%
Zotye Holding Chengdu Xindadi Automobile 127,674 125,987 -1.3%
Hunan Jiangnan Automobile 70,732 113,590 60.6%
Zotye Holding Group (Jintan Plant) 24,493 93,510 281.8%
Sub total 222,899 333,087 49.4%
Others 1,710,109 1,964,715 14.9%
Grand Total 24,597,583 28,028,175 13.9%
(Source: Created based on MarkLines' data)

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Keyword
Chinese Market, Sales volume, Chinese brands, New energy, SUV

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