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2024-11-17 Update From: AutoBeta autobeta NAV: AutoBeta > News >
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AutoBeta(AutoBeta.net)07/11 Report--
According to a report released by the China Association of Automobile Manufacturers, the overall decline in production and sales in the automobile industry in the first half of this year is still under great pressure, and production and sales have declined for 12 consecutive months compared with the same period last year. From January to June, the production and sales of passenger cars completed 9.978 million and 10.127 million respectively, with production and sales falling 15.8% and 14% respectively compared with the same period last year.
In this environment, how will each department's market share evolve? According to the report, Chinese brands, American and legal systems all fell, and the lost market share was taken away by Germany and Japan.
Chinese brand passenger cars account for the highest proportion of overall sales, but their market share has declined. From January to June, a total of 3.998 million passenger cars were sold in China, down 21.7 percent from the same period last year, accounting for 39.5 percent of the total passenger car sales, down 3.9 percent from the same period last year.
The market share of both American brands and French brands fell, with the market share of American brands falling 1.1% in the first half of the year, while Buick and Ford brands sold poorly.
The legal system is the worst, ranking the lowest of all departments, with its market share falling from 1.7% to 0.7%. French sales are mainly concentrated in Peugeot, Citroen, Renault and DS. Data show that the combined sales of Dongfeng Peugeot and Dongfeng Citroen from January to June of DPCA reached 63027, down 60% from the same period last year. Dongfeng Renault's cumulative sales from January to June were 8901, down 76% from 37036 in the same period last year.
German and Japanese brands have bucked the trend, eating up the market share lost by other departments.
German brands accounted for 23.2% of the market in the first half of this year, up 2.2 percentage points from the same period last year. The Volkswagen brand is still the largest single passenger car brand by sales in China, and luxury cars have bucked the trend this year, with sales of Mercedes-Benz and BMW Audi rising to varying degrees.
The market share of Japanese brands rose the most, reaching 3.7 percentage points, from 17.8% to 21.5%, and the gap with German brands narrowed from 3.2 percentage points to 1.7 percentage points. This data also means that German and Japanese brands were the winners in the first half of this year.
According to the passenger car data report of the Federation of passengers, the cumulative sales increases of Guangzhou Auto Honda and Dongfeng Honda from January to June were 12.7% and 34.4%, while those of Guangzhou Auto Toyota and FAW Toyota were 18.4% and 3.2% respectively. Dongfeng Nissan sales fell 1.7% in the first half, while others, including Mazda, Suzuki and Mitsubishi Motors, also fell.
From the point of view of the report, the market strength of German and Japanese is dependent, and Chinese brands, American and legal brands are facing greater survival pressure, especially legal brands, there is little room for further decline.
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