China vehicle outputs, sales in September shrink evidently over year-ago period

China's vehicle outputs and sales in September amounted to 2,356,200 units and 2,394,100 units respectively, evidently growing 17.81% and 13.82% month on month (MoM), while still dropping 11.71% and 11.55% compared with the performances a year ago, according to the data released by the China Association of Automobile Manufacturers (CAAM).

For the first nine months, both vehicle outputs and sales represented positive year-on-year (YoY) growth with 20,491,300 units manufactured and 20,490,600 units delivered in total.

It could be learnt from the above form tabulated by Gasgoo that both the PV and CV sectors' outputs and sales had positive MoM increase in the so-called “golden September”, the month traditionally regarded as peak season for car sales. However, the sales and outputs in this September were outperformed by that of the last September. Affected by such factors as overall economic climate, Sino-U.S. trade dispute and NEV policies, etc., the industry feels less confident in a blooming sales performance during the rest time of the year. Many automakers have even lowered their annual sales forecasts.

The sales performances of major PV segments were generally decreased over the same period a year ago. Especially, the minibus segment faced a YoY drop up to 21.93%. The sales of the car and the SUV for the first three quarters climbed 1.29% and 3.92% from a year earlier. Meanwhile, the year-to-date sales of the MPV and the minibus all showed double-digit YoY growth.