On August 25, the passenger Association announced the import and sales of Chinese cars in July. According to data from the Federation of passengers, the domestic high-end market is in good demand from January to July 2023, but the import of passenger cars is only 400000, down 22% from the same period last year. Among them, the number of car imports in July was 66000, down 6% from the same period last year and up 5% from the previous month. Data show that imported car imports fell more sharply than expected in the first five months of this year, but imports rebounded from June to July.
By country, from January to July 2023, the top three countries in import volume were Germany, Japan and the United States, with import sales of 136000, 93700 and 66800 vehicles respectively, but all declined by 11%, 38% and 26% respectively over the same period last year. In contrast, imported Korean cars increased by 448% year-on-year, the highest year-on-year growth rate in the chart, while Mexican imported cars increased by 50% year-on-year. Overall, imported cars performed relatively well in South Korea and Mexico in the first seven months of this year, while imported cars in Germany, Japan and the United States performed weaker than in the same period last year, while some European imported cars performed differently compared with the same period last year.
In terms of brands, from January to July 2023, the top three imported brands are still Mercedes-Benz, BMW and Lexus, with Mercedes-Benz growing 27% year-on-year to 107700 vehicles and BMW growing 49% to 106200 vehicles. The overall performance of the two car companies is relatively stable. In addition, Audi, Land Rover, Volvo, Volkswagen, Genisse and other imported brands also achieved year-on-year growth, of which Genisse increased the most significantly, up 106% from the same period last year. At the 2023 Chengdu Auto Show, the G90 and G90 administrative extended versions of the Genisys G90 were officially launched, with a total of three new models with a price range of 69.88-1.1588 million yuan. According to the plan, all the new models of Genisse will be pure electric models by 2025, and 100% zero emissions will be achieved by 2030.
By contrast, Lexus, which has had the strongest performance in previous years, has suffered a severe recent decline. In the first seven months of this year, Lexus sales fell 19 per cent year-on-year to 86500 vehicles, making it the only brand in the top three on the chart to decline, according to the data. For comparison, Lexus sold 183971 vehicles in the same period in 2022, a relatively strong performance (156750 for Mercedes-Benz and 152841 for BMW). Industry insiders believe: "although Lexus is also in the transition to electrification, it has not been widely recognized by the market."
In addition, Porsche and Lincoln also saw year-on-year declines, with Porsche falling 7 per cent to 49400 and Lincoln down 18 per cent to 13800 in the first seven months of this year. On the other hand, the Toyota brand remains at the level of the same period last year.
In terms of specific models, from January to July 2023, the highest-selling model was the BMW X5, with cumulative sales of 54600 vehicles. Although the BMW X5 has been made in China for a year, according to the data, the import volume of the car still increased by 107% compared with the same period last year. At the 2023 Chengdu Auto Show, the mid-term revamped domestic BMW X5 came on the market, with a total of six new models priced between 615000 and 800000 yuan. The new car is mainly aimed at the appearance upgrade, the power is still equipped with 2.0T and 3.0T engine, but the power has been upgraded compared to the cash.
Lexus es ranked second, with cumulative sales of 48600 vehicles in the first seven months of this year, but down 11 per cent from a year earlier; in addition, Lexus RX fell 57 per cent year-on-year to 12600 and Mercedes-Benz GLE fell 18 per cent to 25600. By contrast, the Mercedes-Benz GLB, which ranked third in sales, showed a significant increase, surging 323% year-on-year to 41500 vehicles, the highest increase on the chart. In addition, Audi Q7, Guardian, Lexus NX, Audi A5, BMW 2-Series and Mercedes-Benz G also increased by 50% or more, of which Audi Q7 increased by 125% to 9703 vehicles compared with the same period last year, second only to Mercedes-Benz GLBs and BMW X5.
At present, the growth of domestic imported cars still depends on the growth of luxury cars. According to the data, the proportion of luxury cars has risen from 79.8% in 2019 to 91.8% in 2023. Cui Dongshu, secretary general of the passenger Association, pointed out that the trend of Chinese traditional luxury cars in 2023 is relatively weak, but the import and sales of the main German brands are better, among which the BMW X5 and Mercedes-Benz GLB are super strong. On the contrary, Japanese Lexus es, Lexus RX and other import sales performance is poor, while Porsche trend is weak.
Generally speaking, since 2023, China's imported car market has undergone very obvious changes. Data show that China's imported car sales reached 1.24 million in 2017, but have continued to decline since then, with sales falling to 880000 in 2022, an average annual decline of 10 per cent. The downward trend of imported car sales continues after 2023, which is still lower than the low point of the past decade. The industry believes that the continuous decline in imported car sales is related to the current changes in the car market, electric transformation has changed the demand for fuel vehicles, as electric vehicles gradually erode the market share of fuel vehicles, the demand for imported fuel vehicles has also declined significantly.
Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat
On March 2, Chery Holdings Group (hereinafter referred to as "Chery Group") released the latest monthly sales figures. According to the data, Chery Group sold 143155 vehicles in February 2024, an increase of 37.8% over the same period last year. The cumulative sales volume from January to February was 348019, up 69.5% from a year earlier. Chery Holdings
Recently, affected by the previous illegal incidents such as data fraud, the sales of Dafa cars decreased significantly in February. Data show that Daihatsu sold just over 9000 vehicles in Japan in February, down 82 per cent from the same period last year. Relevant data show that Daihatsu earlier made small-engine cars in Japan.
On the evening of March 1, Xiaopeng's official Weibo post responded to the "Xiaopeng P7 Suzhou accident". Xiaopeng Automobile said: "at 07:52 on February 29, 2024, a Xiaopeng P7 traffic accident occurred in Wujiang District, Suzhou City, Jiangsu Province. We express great pain for the casualties caused by the accident."
On March 2, Changan Automobile issued an official statement to clarify the incident of "spontaneous combustion as soon as the vehicle left the 4S store". Changan Automobile said in a statement that Changan Automobile was concerned that some online media forwarded videos of Changan users and made false reports under the title of "spontaneous combustion" and "just out of 4S store." Now, according to the circumstances of the incident,
According to the national enterprise credit information publicity system, industrial and commercial changes have taken place in Dongfeng Motor Co., Ltd., Zhu Yanfeng stepped down as legal representative and chairman, and Yang Qing took over. At the same time, a number of managers of the company also changed. According to the data, Dongfeng Motor Co., Ltd. was established in May 2003 with a registered capital of 16.
Recently, according to the App information, NIO sued the Mavericks that the car infringement case was about to begin. From the information of the hearing announcement, we can see that the defendant is Gu Yubo and the cause of the case is a reputation dispute. It is understood that the case will be heard by the people's Court of Hefei High-tech Industrial Development Zone on June 15. In fact, about the
Recently, according to the eye check, Huatai Automobile Group Co., Ltd. added two pieces of information about the person subject to execution on August 15, with the target for execution of about 770 million yuan. One of the items to be executed is about 440 million yuan, and the people to be executed are Huatai Automobile Group Co., Ltd. And Inner Mongolia Ouyide engine Co., Ltd., and another.
On Oct. 12, Nissan announced its withdrawal from the Russian market, and all its local operations in Russia will be sold to the Russian Institute of Automotive and Automotive engine Science, a move that will cost the company 100 billion yen. Nissan said all shares in its Russian subsidiary would be resold for 1 euro.
In March, Dongfeng Motor set off a wave of price cuts in the entire car market after it opened an unprecedented car purchase discount in Hubei Province. According to incomplete statistics, up to now, more than 100 models of more than 50 car brands have started price reduction subsidies. Of course, the reduction in vehicle prices is good news for consumers, but for just now
More than 90 dealers in Dongfeng Renault across the country are struggling and have twice sent letters to Dongfeng Renault and Renault (Beijing) asking Dongfeng Renault and Renault (Beijing) to compensate dealers across the country for the losses caused by unilateral breach of contract. The claim amount is said to be as high as 1.4 billion yuan.