Chinese brands are at 46% of the Chinese PC market in the first quarter of 2017
- Chinese brands continue to increase their market share of passenger cars in China. They account for 46% of the Chinese passenger car market in the first quarter of 2017, compared to 44% in the first quarter of 2016, 40% in 2015 and 37% in 2014. They are gradually approaching the 50% market share desired by The Chinese government.
- These brands have mainly benefited from the strong demand for low-priced SUVs. While most SUVs of foreign brands are in the 20,000 - 40,000 euro range, demand is mainly in the 10,000 - 20,000 euro range. Most of the SUVs offered by Chinese brands are in this lower price range . While in the first quarter of 2017, the Chinese market consists of 48% sedans, 40% SUVs, 9% MPVs and 3% minivan, SUVs from Chinese brands account for 62% of the Chinese SUV market, MPVs from Chinese brands 89% of the Chinese MPV market , and sedans from Chinese brands 20% of the Chinese sedans market . 55% of Chinese brand sales are for SUVs, 18% for MPVs, 21% for sedans and 6% for minivans.
- In the first quarter of 2017, the top ten Chinese brands in terms of Chinese market sales were :Changan (374,000 sales), Geely (302,000), Wuling (262,000), Baojun (226,000), Great Wall , Dongfeng (207,000), Beijing (166,000), Chery (117,000), SAIC (114,000) and BYD (91,000).
Contact us: info@inovev.com