China automotive market February 2015

China automotive market February 2015 

 1. There are 154,000,000 registered cars in China. 

In according to the data from the transportation bureau of Ministry of Public Security, Registered motor vehicles in China had been 264,000,000 and among which there were 154,000,000 autos. Licensed drivers of motor vehicles were over 300,000,000 and the data was over 246,000,000 for auto mobile. 9.82% of drivers had less than a year driving experience. The registered autos in China keeps increasing rapidly with society development and great requirement. There were 21,880,000 newly registered autos in 2014. As related data shows, the average annual increment of motor vehicles registration during past 5 years is more than 15,000,000, and 20,570,000 for licensed drivers. By the end of 2014, there had been 117,000,000 passenger cars registered in China and 90.16% are private, increasing by 19.89% on year-on-year basis. There have been average 25 private cars per 100 Chinese families and 63 for Beijing, 40 for Guangzhou and Chengdu. There are 35 cities which has a registered motor vehicles number over 1 million and the number of Beijing, Chengdu, Shenzhen, Tianjin, Shanghai, Suzhou, Chongqing, Guangzhou, Hangzhou and Zhengzhou is over 2 million.

2. Chinese automobile after sales market predicted to exceed 760b RMB in 2015 

According to official statistics, China’s automobile after sales service are expected to exceed 760 billion RMB ($123.53b) this year. The market’s annual volume is expected to exceed 1 trillion RMB ($162.54b) in five years and 4 trillion RMB ($650.15b) in a decade. This rapid development has attracted an increasing number of investors to the Chinese market. Last September, the Ministry of Transportation and nine other government agencies released a comprehensive report to enhance the quality and service of the Chinese after sales market. The report promotes unified global standards for the Chinese after sales service. The government hopes that these standards will help promote the healthy development of the Chinese market.

3. Audi sees its China sales growing up to 15% this year 

Audi AG expects to increase its annual sales in China up to 15 percent this year, according to Chinese media. China's State Information Center, a government think tank, predicts luxury car sales will grow 16 percent in 2015, but Audi is more cautious about the market's growth prospects, reports China Economy.

4. Mercedes China sales up 15% in January 

Mercedes sales in China rose nearly 15 percent year-on-year to 28,080 units in January as the German automaker benefited from its expanded lineup of locally produced models. Last September, Beijing Benz Automotive Co. launched sales of its locally produced long-wheelbase C-Class compact sedan for the Chinese market. China is Mercedes' second largest market for the C-Class.

5. Ford's China sales surge 19% in January Ford Motor Co. said January sales of its two joint ventures in China jumped 19 percent year-on-year to 112,599 vehicles. Last month, Ford enjoyed strong demand for the Escort compact car and JMC-brand commercial trucks. The Escort, which hit the Chinese market at the end of December, generated sales of 18,810 units last month.

6. GM China blames slow January sales on low inventories General Motors says its joint ventures' sales in China fell 2.4 percent to 339,781 units in January, as most of its brands recorded downturns. Chevrolet sales fell 2.3 percent, Buick deliveries declined 9.6 percent, and Cadillac sales dropped 11.3 percent. But SAIC-GM-Wuling, which sells entry-level microvans and sedans, reported a sales increase of 3.5 percent.

7. Nissan's and Toyota's China sales rise, Honda's fall in January January sales in China rose more than 22 percent year on year for Nissan Motor Corp. and its joint venture partner, and climbed 11 percent for Toyota Motor Corp. and its two joint ventures. But year-on-year volume slipped 6.6 percent in January for Honda Motor Co. and its two joint ventures.

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— Chinese tourist (@superpat_pat) 30 Janvier 2015

8. Volvo's China sales hold steady in January Volvo Car Corp.'s sales in China slowed this year with January deliveries rising less than 1 percent year on year to 5,844 vehicles. Two locally built models generated most of Volvo's sales. The company sold 2,635 XC60 crossovers and 1,671 S60L long-wheelbase sedans last month. Last year, Volvo's sales in China jumped 33 percent to 81,221.

9. Geely deliveries rebound on strong demand for new sedans Sales at Geely Automobile Holdings staged an impressive rebound in January after declining in much of 2014, thanks to the strong volumes brought by two newly launched sedans. Geely's vehicle deliveries reached 58,884 last month, an increase of 76% from a year earlier. Nearly 60 percent of the sales were generated by two models the company launched in the second half of 2014. The sales volumes of New Emgrand and EC7 were the biggest, which were 24,588, increasing from 11,274 by 118.1% on year-on-year basis. SUV and multi-purpose cars tend to be hot. The total sales volume of GX7, SX7 and GX9 were 7,675 in January 2015, increasing from 2,760 by 178.1% on year-on-year basis.

10. Great Wall's January sales jump 27% on robust SUV demand Great Wall Motor Co., China's largest SUV maker, delivered 69,626 vehicles last month, up 27 percent year on year. The growth was propelled by SUV sales, which surged 69% from a year earlier to 41,386.

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— Entreprendre Chine (@EntreprendreC) 23 Janvier 2015

11. Changan Automobile January sales of over 300,000 cars, an increase of 24% In January 2015, Changan realized a total output of 278,900 cars , an increase of 19% compared with 233,200 a year earlier. Total vehicle sales realization 303,500, compared with 244,100 a year earlier, an increase of 24.35%. source

12. Hundreds of thousands of migrant workers in Guangdong rides motorcycles for more than 1000Km heading back hometown. Chinese New Year is coming, hundreds of thousands of migrant workers have left their jobs in the southern province of Guangdong to return homes in middle and west parts of the country by motorcycles, carrying their family members and luggages. Most migrant workers in Guangdong maily come from the provinces of Sichuan, Hunan, Hubei, Yunnan and Guizhou. With trains, buses and planes filled ahead of the Chinese New Year, many rural migrants choose to make the long journery by motorcycles.

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