Japanese brands expand greatly in China in January, Toyota and Honda have the largest growth

Data reveals that Toyota, Honda, Nissan and Mazda have an average growth of 16.95% in January, far greater than the 11.6% wholesales volume growth of passenger vehicles in a narrow sense.

It’s quite notable that Toyota and Honda have a respective growth of 32% and 20.7% in January.

Cui Dongshu, General Secretary of CPCA, said that, apart from the boosting from halving tax policy for small-displacement vehicles, Japanese brands’ strategy of developing SUVs and upgrading powertrains play an important role in promoting sales volume.

Tax policy boosts sales volume

Data shows that Toyota’s sales in China increases 32% to 125,000 units in January, with GAC Toyota increasing 44.1% to 5, 5400 units. Honda’s terminal sales volume increase 20.7% to 107,400 units, with Dongfeng Honda increasing 57.6% to 47,600 units. Nissan and Mazda have a respective growth of 9.4% and 5.7%.

The halving purchasing tax policy for vehicles with displacement no larger than 1.6L, which was carried out on 1st, October, 2015, boosts Japanese brands’ terminal sales volume greatly.

Production and sales data for Toyota shows that, Corolla’s sales increases 6.9% to 22,000 units and Gasoline version Levin’s sales leaps 55% to 18,800 units.

Reporters learn that Corolla and Levin have a respective sales volume of 254,300 and 125,700 units in 2015. Sales volume for small displacement models are 245,800 and 110,600 units respectively. Besides, Vios sells 11,200 units in January.

Nissan Sylphy sells 16,100 units in January. Its sales volume for last year reaches 334,100 units, with 1.6L models accounting for 97%.

Mazda3 Axela sells 13,500 units in January, increasing 38%. Honda New City also has a terminal sales volume of 9,419 units, increasing 206%.