Illustrating the trend, the new BAIC EC-Series is up to #75 in the models ranking with a record 9.143 sales, up 36% on its previous volume record established just last month. Only China-made EVs and plug-in hybrids qualify for government subsidies that are scheduled to end by 2020.
Year-to-date, the segment is up 40% to 442.000, headed towards an annual figure of upwards of 600.000 units. The only segment really booming in China this month is electric vehicles and plug-in hybrids, up 79% to 78.000 units, with EV sales up 83% to 64.000 and plug-in hybrids up 62% to 14.000. 11 in the 16 best-selling SUVs.Ī record 9.143 BAIC EC-Series EVs found a new home this month. Chinese manufacturers’ grip on regular car sales is loosening up further with only two nameplates in the Top 29 best-sellers vs. Chinese-branded light vehicle sales are down 0.9% to 966.000 units, accounting for 42.1% of the total market. Adding trucks and buses at 319.300 in September (+19.1%) and 3.023.300 year-to-date (+17.1%) brings the total Chinese vehicle market to 2.613.800 for September (+5%), and a whopping 20.224.500 year-to-date (+4%), the fastest China sales have hit the 20 million mark. Year-to-date, Chinese light vehicle sales are up 2.4% to a record 17.155.000 units. Passenger cars are up 3.7% to 1.116.346 units but MPVs plunge 25% to 161.184 and microvans are down 8.1% to 44.600. Once again, sales are fuelled by an SUV rush, albeit much more contained than the previous months, with year-on-year gains for the segment falling into the single-digits at +9% to 972.396.
New light vehicle sales in China are up 3.3% year-on-year in September to 2.342.600 units according to the China Association of Automobile Manufacturers, an exceptional market performance keeping in mind September 2016 volumes were up 29% on the year prior on forwarded sales ahead of expiring incentives. * See the Top 75 China-made brands and Top 444 models by clicking on the title * The VW Lavida snaps the lead of the YTD models ranking off the Wuling Hongguang.