The SUV market is growing strongly in China
- The Chinese passenger car market for SUVs is experiencing strong growth, a growth similar to that of Europe. While in 2008 the share of SUVs in the market accounted for 6.6% of passenger cars, in 2013 it represents 16.4% (over the first 10 months). A share equal to that of SUVs in Europe (16.5% in 2013) with an almost equivalent increase (the share of SUVs in Europe was 7.8% in 2008).
- SUV is now the second most sold body type in China behind sedans (67% market share in 2013), overtaking the share of Mini-Vans previously very popular in China (-5.7% market share between 2008 and 2013).
- 100% Chinese manufacturers (excluding JV) are the first SUV vendors in China with a 40% market share. One can explain this share through the presence of many small manufacturers, whose SUV models are sold in small quantities.
- However, in a top 20 carmakers (SUV market) dominated by the Hyundai-Kia group, half of the carmakers are 100% Chinese. These Chinese manufacturers produced nearly 30 000 SUV in the first 10 months of 2013, and the Chinese carmaker Great Wall is in second place just behind the Korean group.
- Finally, the best-selling models this year are from segment C (VW Tiguan - Haval H6 - Hyundai ix35 ..) and segment D (Honda CR-V -
Audi Q5 - Toyota RAV4 ..). Despite the presence of Haval M in the top 5, the Mini SUV (segment B) is hardly present in the Chinese market. The presence of the Buick Encore and the Ford Ecosport coupled with the arrival of upcoming new models could like in Europe, increase the share of this segment.
