The ratio of import cars declined in China

In accordance with the data from China Automobile Dealers Association, the ratio of import cars in 1st quarter of 2015 had declined to 5.9% by 1.5%, comparing to 7.4% in the same term last year in China auto market.

Industry experts figure the sales volume of import cars declined due to less demand of middle & high end models so the domestic cars could occupy 94.1%.

It is worthy paying attention on parallel import cars because the sales volume increased although the data of total import cars declined. The parallel import cars have been a hot topic recently, which means the cars purchased from overseas market by foreign traders and sold in China auto market without the authorization of auto enterprises. The parallel import cars can be divided into American version and Middle East version etc. We can say parallel import cars equal to grey market goods.

As the related data shows, the sales volume of import cars in dealership declined by 19.1% on year-on-year basis from January to February, but the registered volume of import cars only declined by 2.9% on year-on-year basis. Industry analysts figure such a big gap of 17% is caused by the sales increase of parallel import cars.