AutoBeta(AutoBeta.net)07/10 Report--

After 12 consecutive months of declining sales, China's car market finally ushered in a year-on-year growth in June. Passenger car sales nationwide reached 1.766 million in June, up 4.9% from a year earlier to 9.954 million units from January to June, down 9.3% from a year earlier, down 9.3% from a year earlier, according to the Federation.

For the major manufacturers, it is a sigh of relief to complete the national inventory clearance and recover sales for a short time. According to the sales ranking of passenger car manufacturers in June, the majority of passenger car manufacturers achieved year-on-year growth. Among them, North and South Volkswagen continued to dominate, with Geely falling by as much as 33%.

Volkswagen's two joint ventures in China still maintain its strong market position, with car companies ranking first or second in June, with FAW-Volkswagen selling 175000 vehicles, up 24.3 per cent from a year earlier. The two companies combined totaled 330000 vehicles, accounting for 18.7 per cent of the passenger car market that month.

SAIC GM's sales and ranking fluctuated, thanks to sharp price cuts and inventory clearance, sales recovered in June, up 8.5 per cent from a year earlier to 133500 vehicles. After the completion of the switching of the sixth national model, the terminal discount is tightened, and consumers are used to buying cars at big price cuts, so it is a great challenge to SAIC GM in the second half of the year.

Geely Automobile, the only independent brand manufacturer to maintain the top 10 rankings, fell to sixth place in June, with sales of 84641 vehicles, down 33.1% from a year earlier and the biggest drop on the list.

The biggest increase was Dongfeng Honda, which sold 83042 Geely cars in June, up 77.9 per cent from a year earlier. Others, including Beijing Hyundai, brilliance BMW and Beijing Mercedes-Benz, all had double-digit growth.

As the sales growth in June was only a "flash in the pan", the decline continued, and the figures for July and August may be even worse for car purchases that are overdrawn in advance.

According to the ranking of passenger car manufacturers from January to June, the top three positions of North-South Volkswagen and SAIC GM remained unchanged, Geely jumped to fourth place with 613000 vehicles, Great Wall and Chang'an squeezed into the top 10, while Japanese and first-tier luxury brands maintained growth.

Among them, SAIC GM, Geely Motor, GM Wuling, Changan Automobile and Shanghai Automobile passenger cars decreased by 13.1%, 19.1%, 26.1%, 23.3% and 19.1%, respectively.

July and August is the off-season of car sales over the years, due to the hot weather and manufacturers' high-temperature vacation and other factors, the car purchase environment is depressed. The market adaptation of the switching of national six models, coupled with the consumption overdraft effect of the amazing promotion efforts in the second quarter on car buyers in the second half of the year, may appear a very bleak phenomenon in July. Therefore, whether the prosperity of the car market in June and the collective growth of car companies is a flash in the pan will soon be revealed.

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