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Imported Vehicles Meet Sales Recovery on a Small Basis

The Chinese imported vehicle market meets its first recovery in the first half of year, after two consecutive years’ sales decline. Currently, Sinomach Auto releases a market report on the domestic imported vehicles in the first-half year of 2017, showing that the number of imported vehicles reaches 580,000 units with year-on-year growth of 21.2% in the first half of year. Influenced by upgraded consumption, lessening inventory pressure and brand promotion, the domestic auto imported number and delivery number all show steady growths.

European brands occupy 65.1% of the imported vehicle market, leveling with last year. US brands grow 3.2 percentage points while Japanese brands show slight decline. The three major models all show growths in different degree, with MPV growing fastest on the smallest basis. SUV models with the sales number of 332,000 units show the slowest growth, but still keep being the largest sub-market.

Increasing inventory, growing sales volume for parallel vehicles and terminal benefits for imported vehicles also help to promote the sales volume. Besides, it is predicted that consumption upgrade will further stimulate the steady growth of imported vehicle market.