AutoBeta(AutoBeta.net)11/09 Report--

Toyota's two joint ventures both fell out of the top 10, and SAIC Volkswagen was overtaken by SAIC GM. Great changes have taken place in the passenger car market in October.

According to the latest data released by the Federation of passengers, retail sales in the domestic passenger car market reached 1.992 million in October 2020, an increase of 8.0 percent over the same period last year. Due to the impact of the epidemic on the first half of the year, retail sales of passenger cars from January to October totaled 14.92 million, down 10.2 percent from the same period last year, further narrowing the decline.

According to the ranking of manufacturers' sales released by the Federation of passengers, a number of car companies showed sales growth in October, with sales growth of SAIC GM, Changan Automobile, Guangzhou Automobile Honda, Dongfeng Honda and other car companies by more than double digits. In the top 10, only SAIC-Volkswagen fell, and the decline was as high as 16.8%.

FAW-Volkswagen owns Volkswagen, Jetta and Audi, covering the mainstream, low-end and luxury markets, with relatively complete products and certain advantages in the market. In October, FAW-Volkswagen retail sales of narrow passenger cars were 211000, up 8.1 per cent from a year earlier.

Compared with the continuous growth of FAW-Volkswagen, SAIC-Volkswagen is "falling endlessly". Data show that SAIC-Volkswagen retail sales of domestic passenger cars fell 16.8 per cent to 149000 in October. This is the tenth month of SAIC-Volkswagen decline compared with the same period last year, and it is also the only car company among the top 10 manufacturers whose sales have declined.

In the fast lane of continuous growth in the market, SAIC-Volkswagen, which is at the head of the car company, obviously stalled, forming a big contrast with the market as a whole. SAIC Volkswagen produces Volkswagen brand and Skoda brand, the overall sales of both Volkswagen and Skoda are in a state of decline, and the lack of product power is still the main reason why SAIC-Volkswagen sales continue to decline.

SAIC GM retail sales of 148000 vehicles in October, its 16.1% growth rate is slightly better than the market level. According to official figures, Buick sold 99057 vehicles in October, up 27% from a year earlier, while Cadillac sold 25316 vehicles in October, up 81% from a year earlier, the biggest increase of the year.

At present, SAIC GM has accelerated the progress of product launch and made compromises to the market on product strategy, including returning to the four-cylinder engine version of mainstream car products. As for Cadillac after losing the crown of the second-tier luxury brand, many of its models have a large discount at the terminal, and it is not surprising that sales have risen sharply.

In terms of independent brands, Geely, Changan, Great Wall and SAIC GM Wuling all achieved growth, especially Changan Automobile. Under the continued hot sales of CS75 series, Changan Yitou, UNI-T and other models, the retail volume of passenger cars in the month was 108000, up 50.0% from the same period last year, making it the car company with the largest sales growth among the top 10 manufacturers.

Geely's retail sales in October were 129000, up 1.8 per cent from a year earlier. As of October, Geely had achieved 76.93% of its annual sales target of 1.32 million vehicles, meaning Geely needs to sell more than 300000 vehicles in the last two months and still faces tremendous sales pressure. Of course, if Xingrui can become the main force of new sales, Geely's performance in the later period is still worth looking forward to!

Retail sales of Great Wall cars in October were 107000, up 11.5 per cent from a year earlier. At present, Great Wall is improving its brand camp and speeding up the launch of new models, including the Haver Dog, Harvard first Love, WEY Tank 300 and Euler Cat series, in order to boost sales growth.

Retail sales of passenger cars, which are owned by SAIC GM Wuling, Baojun and Xin Baojun, rose 2.5 per cent to 87000 units in October. The continued hot sales of Wuling Hongguang and Hongguang MINI are the main sources of its sales growth. In November this year, Wuling Capgemini officially launched, the car is the first production model of Wuling Silver Standard, but also the most expensive model of Wuling brand, Wuling has high hopes.

The remaining seats are occupied by three Japanese car companies. Of this total, Dongfeng Nissan retail sales in October were 124000 vehicles, up 4.6 per cent from a year earlier. In terms of specific models, the sales of Xuanyi cars were 54620, up 28.3% from the same period last year; Teana 10548, up 4.1% from the same period last year. The sales of SUV Qijun and Xiaoke were 16209 and 18502 respectively.

Honda's two joint ventures outsold Toyota in china this month, with Dongfeng Honda and Guangzhou Auto Honda up 19.3 per cent and 25.8 per cent respectively, while both Toyota joint ventures fell out of the top 10.

Throughout the car market in October, at traditional festivals and major auto shows, a number of car companies continued to rise in October to further recover the market sales lost in the first half of the year. November entered the winter sales period of passenger cars, the policy of promoting consumption in many places basically expired in December, the effect of consumers buying cars and grabbing the last bus is more obvious, and the sales of car companies may continue to rise in the last quarter.

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