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Chinese car market grows 45.3 per cent
With 4.41 million units in the 1st 9 months
 

Chinese Car Market
Sales, January - September 2007

Make / Model

Q3
2007

Q3
2006

Change Q3, %

Sep.
YtD-07

Sep.
YtD-06

Change
YtD, %

Wuling Light/Sunshine/ City Breeze

95,846

UR*

-

345,568

UR*

-

Chana
Green Star

45,447

UR*

-

180,148

UR*

-

VW Santana/ Santana 3000

44,060

35,218

25.10%

153,556

118,817

29.20%

Buick Excelle

47,600

40,557

17.40%

138,927

127,485

9.00%

VW Jetta

52,794

47,877

10.30%

135,772

130,777

3.80%

Toyota
Camry

43,549

20,548

111.90%

124,213

24,352

410.10%

Chery QQ

36,774

27,252

34.90%

106,169

93,163

14.00%

Faw N3

30,244

32,219

-6.10%

98,420

126,014

-21.90%

Hafei Zhongyi /Minyi

22,391

UR*

-

92,474

UR*

-

Honda Accord

27,285

26,081

4.60%

91,728

88,416

3.70%

* Unreported. Source: JATO Dynamics. Sorting based  on Sep. YtD-07 order.

APN, PR,
29 Nov. 2007.

The Chinese car market continues to grow at an unprecedented rate. In the first nine months of this year, 4.4 million cars sold so far in China indicate a growth rate of over 45% for the domestically built cars, with Volkswagen at the top of the brands sales hierarchy.

That's what JATO Dynamics, the world's leading provider of automotive data and intelligence, reported earlier this week, indicating that the market for domestically-assembled cars in China was exactly 4,417,252 units over the first three quarters of 2007, which represents a 45.3% increase over the reported volumes in the same period in 2006.

Chinese Car Market
Sales, January - September 2007

Make / Model

Q3
2007

Q3
2006

Change Q3, %

Sep.
YtD-07

Sep.
YtD-06

Change
YtD, %

Wuling Light/Sunshine/ City Breeze

95,846

UR*

-

345,568

UR*

-

VW Jetta

52,794

47,877

10.30%

135,772

130,777

3.80%

Buick Excelle

47,600

40,557

17.40%

138,927

127,485

9.00%

Chana
Green Star

45,447

UR*

-

180,148

UR*

-

VW Santana/ Santana 3000

44,060

35,218

25.10%

153,556

118,817

29.20%

Toyota
Camry

43,549

20,548

111.90%

124,213

24,352

410.10%

Chery QQ

36,774

27,252

34.90%

106,169

93,163

14.00%

Faw N3

30,244

32,219

-6.10%

98,420

126,014

-21.90%

Honda Accord

27,285

26,081

4.60%

91,728

88,416

3.70%

Hafei Zhongyi /Minyi

22,391

UR*

-

92,474

UR*

-

* Unreported. Source: JATO Dynamics. Sorting based  on Q3 2007 order.

 

In the third quarter alone, the market saw 1,451,823 new cars sold, which represents a 44 % increase on the volumes reported in the same period last year.

"China continues to demonstrate a voracious appetite for new cars," says Nasir Shah, Global Business Development Director at JATO. "Despite an increasing demand for high quality foreign imports, domestically produced products offer good value for money to the many millions of consumers who are making their first car purchase."

Brands - JATO Dynamics said Volkswagen was China's top-selling car brand in the first 9 months of 2007 with a 30.0% increase YtD (year-to-date, January to September). Wuling is in second position having not reported volumes in 2006, followed by Toyota (up 61.5% YtD), Chery (up 43.1% YtD) and Honda (up 31.7% YtD).

"The combination of a fast-growing market, significant investment in new products, new brands and improved distribution systems, is all contributing to the significantly increased volumes over the past year," says Shah. "Many brands are up by at least 50%, whilst some have posted extraordinary growth, such as Brilliance, which is up 516% YtD".

Chinese Car Market
Segment Analysis, January - September 2007

JATO
regional segment

Q3
2007

Mkt Share Q3

Sep.
YtD-07

Mkt Share YtD

PR Mini

66,493

4.58%

213,945

4.84%

PR Small

177,087

12.20%

543,260

12.30%

PR Lower Medium

402,577

27.73%

1,210,560

27.41%

PR Upper Medium

330,246

22.75%

923,133

20.90%

PR Executive

154,959

10.67%

472,396

10.69%

PR Luxury

5,615

0.39%

20,119

0.46%

PR Mini Van

224,616

15.47%

789,115

17.86%

PR SUV

89,841

6.19%

243,043

5.50%

PR Sports

307

0.02%

1,440

0.03%

PR Other

82

0.01%

241

0.01%

Grand Total

1,451,823

100.00%

4,417,252

100.00%

Source: JATO Dynamics.

 

Models - Small micro van based passenger vehicles are an important segment in the Chinese car market, and the Wuling Light/Sunshine/City Breeze and the Chana Green Star fill the top two slots of the market leader board for the first nine months of 2007. The remaining cars in the 'top ten' sales chart are the Volkswagen Santana, Buick Excelle, Volkswagen Jetta, Toyota Camry, Chery QQ, FAW N3, Hafei Zhongyi/Minyi and the Honda Accord.

In the third quarter of the year, the market leaders were the Wuling, Jetta, Excelle, Chana, Santana, Camry, QQ, Toyota Corolla, Ford Focus and FAW N3.

Segments - The lower medium segment is the largest in the Chinese market with a 27.4% share of the market, YtD. So far this year the segment leaders are the Ford Focus, Nissan Tiida, Haima Family, Chery Cowin and Toyota Corolla.

The second largest segment YtD, was the upper medium segment with a 20.9% share of the market. It was led by the Volkswagen Santana, Volkswagen Jetta, Buick Excelle, Volkswagen Passat and Hyundai Elantra.

Mini vans are the third largest segment, with a 17.9% share of the market YtD. The segment is led by the Wuling Light/Sunshine/City Breeze, Chana Green Star, Hafei Zhongyi/Minyi, Honda Odyssey and JAC Refine.

The small car segment is led by the FAW N3, followed by the Chevrolet Aveo, Volkswagen Polo, Honda Fit and the Honda City.

The Executive, Mini and SUV segments made up the majority of the rest of the market.

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