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According to domestic media reports, Lexus officially announced its results of car sales in September 2019. In September this year, Lexus sold 17700 vehicles in China, an increase of 10.2 percent over the same period last year. From January to September in 2019, Lexus sold 144600 vehicles in China, an increase of 22.8 percent over the same period last year. Specifically, in terms of models, the sales of hybrid models in September were 5599, accounting for 31.6% of that month's sales, and the cumulative sales of hybrid models from January to September were 48000, up 31.8% from the same period last year. According to statistics, Lexus sold 51000 vehicles in China in the third quarter of this year.
According to data released by the Federation of passengers, domestic passenger car sales in June were 1.894 million, down 2.6% from a year earlier and 8.7% from a month earlier. Among them, car sales were 896000, down 9.3% from the same period last year. SUV sales were 909000, up 3.5% from the same period last year.
Under the background of the gradual high-end of domestic automobile brands, the sales competition between luxury brands has been concerned by the industry. Especially after entering 2020, under the test of the epidemic and the general trend of the automobile market, the competition among brands such as Red Flag, Lexus, Cadillac and Volvo has become more obvious. Some time ago, we reported the latest situation of three luxury brands, Red Flag, Volvo and Lincoln. According to the September sales data, Red Flag, Volvo and Lincoln all achieved year-on-year sales growth. In addition to the above three luxury brands, Lexus and Cadillac also released the latest sales in September.
Coincides with the "Golden Nine" traditional peak season, September passenger cars still maintain a growing trend, in which the luxury car market continues to be stronger, a number of brands have achieved a sharp rise in the same month compared with the same period last year. The luxury car market grew 33% in September from a year earlier, up 5% from July, and its market share remained at an all-time high of about 15%, according to a report by the federation of passengers.
In June, China's automobile market continued the strong growth trend in May and continued to achieve double-digit growth, achieving four consecutive months of month-on-month growth. At the same time, although the sales volume of the new energy market increases with the recovery environment, it is still in negative growth performance, which is far lower than that of the domestic passenger car market.
Japanese media quoted Lexus dealers as saying that Lexus will officially stop production of medium and large sedan GS models in September 2010. because of Lexus ES's outstanding sales performance, Lexus will not launch a new generation of Lexus GS models, but there has been no official announcement about the suspension of Lexus GS models. Lexus first launched the original Lexus GS in 1993, but it has not sold well since the birth of the Lexus GS, with annual sales of only about 33000 at its peak. Many Lexus models are based on Toyota platform.
After months of cold wave in the car market, the market warmed up at the end of September. After the National Day, various car companies have announced sales performance to show product strength, in September this year, many independent brands or joint venture brands have increased to varying degrees, luxury brands that have been growing against the trend for several months will not miss the opportunity. As the major luxury brands announced their sales results in September, the specific rankings were also released. Among second-tier luxury brands, Cadillac is still the top seller in the previous September, surpassing Lexus to regain the top spot this month, even though Lexus has soared for many months. Among the second-tier brands, only Cadillac.
enters the fourth quarter of 2020, the sales data of imported car brands in the first three quarters have also been officially announced. Affected by the epidemic at home and abroad, imported car sales in the first three quarters are still in a large decline, only two brands achieve year-on-year growth. Data show that from January to September this year, terminal sales of imported passenger cars in China totaled 698000, down 16.2 percent from the same period last year, narrowing the decline from the previous two quarters. It is reported that this group of data contains data on normal official imports and parallel imports.
The position of Cadillac's second-tier luxury top name is threatened. Cadillac reported sales of 18350 vehicles in China in September, down 8.3 per cent from a year earlier and 20007 in the same period last year. Cadillac sold 164048 vehicles in the first nine months of this year, up 0.9 per cent from a year earlier. On the same day, Lexus reported that it sold 17736 units in China in September, up 10.2% from a year earlier, while cumulative sales from January to September this year were 144590, up 22.8% from a year earlier. Lexus, which has been growing, is approaching Cadillac, which is in decline. In terms of models, the compact SUV XT4 is in 9.
The Lexus price increase event continued to ferment, and as Lexus officials failed to give consumers a reasonable explanation, dealers could no longer stand it. On September 18, some dealers issued a statement, "perform the contract in accordance with the price agreed in the original contract." the dealer bears the price difference after the increase. Since the sudden rise in official prices, Chinese consumers who have signed sales contracts waiting to pick up their cars have boycotted the complaints. Lexus did not issue any public explanation for the complaints, and opened the official Weibo comments, and consumers left a torrent of abuse. Some netizens said that Lexus was "unscrupulous and untrustworthy." Today, some netizens left a message, "the price is increased by more than 30,000, and the price is also increased."
Last month, Lexus suddenly raised the official guide price, leading to a rise in the terminal prices of several models, forcing consumers to raise the price again, spending more money than the original guide price to buy a Lexus. This has led to a collective boycott of Chinese consumers who have paid deposits and are waiting to pick up the car, and many voices have pointed out that the Lexus order will be returned. However, the September sales figures released by Lexus today continued to grow by double digits rather than decrease. According to the data, Lexus sold 17736 units in China in September, up 10.2% from the same period last year. From January to September this year, the cumulative sales volume was 144590, an increase of 22.
Recently, a news on the Internet that Kim Jong-un visited the disaster area in his own SUV has aroused concern. Kim Jong-un, chairman of the North Korean State Council, recently visited the front line of flood fighting and flood control in Yinbo County, Beidao, the Yellow Sea, Korean Central Television reported on the 7th. Pictures released that day showed Kim Jong-un driving the car himself. It is understood that the vehicle Kim Jong un is driving in the picture is a Lexus LX570 off-road vehicle. Kim Jong-un usually travels in a Mercedes-Benz chauffeured car, but the scene of driving himself has never appeared online. It is reported that the Toyota Lexus LX570 leader car was in September 2018 and December 2019.
As an important factor for consumers to consider when buying a car, the preservation rate of car value not only allows car owners to suffer less losses when buying a car, but also reflects the market recognition of the car to a certain extent. On September 2, the China Automobile Circulation Association and Jingzhen Evaluation jointly released a report on the value preservation rate of Chinese cars in September 2020, which showed a general decline in the value preservation rate of used cars and value preservation rates. In the preservation rate of luxury brands, Mercedes-Benz, BMW and Audi rank in TOP 5, but there is still a certain gap between the preservation rate and imported brands, especially Lexus, which is neither domestic nor price-increasing, the preservation rate is as high as 82.4% in August, 15 points ahead of Mercedes-Benz.
At the end of last year, Toyota was fined more than 80 million by regulators for suspected price monopoly by Rex. It was thought that such a penalty would "restrain" Toyota, but it did not. There is still a price increase in a Lexus 4S store in Beijing's Chaoyang district, and consumers still have to wait three months and raise the price by 10,000 yuan, Caijing reported.
In 2020, Toyota announced a large-scale recall, involving its Toyota brand, Lexus brand, a total of 257000 vehicles, these vehicles have engine flameout hidden danger.
On September 23, according to the State Administration of Market Supervision and Administration, Toyota Motor (China) Investment Co., Ltd. filed the recall plan with the State Administration of Market Supervision and Administration in accordance with the requirements of the regulations on the recall of defective Automobile products and the measures for the implementation of the regulations on the recall of defective Automobile products. I. since 2022
September is the peak sales season in the traditional car market, but under the continuing influence of the chip shortage, the overall market performance is not optimistic, whether it is mainstream or luxury brands, the market performance in September is relatively mediocre. Sales of luxury brands in China fell 24.1 per cent year-on-year to 193462 vehicles in September, while mainstream joint ventures fell as much as 30.5 per cent, according to the latest figures from the Federation. According to the statistical list of the top 10 sales of traditional luxury brands in September 2021, most brands are in a state of decline. BMW brand sales are relatively strong, although the shortage of chips led to its decline of 24.3%, but.
In August 2019, Lexus sold 16921 vehicles in China; from January to August, Lexus sold a total of 126854 vehicles in China, an increase of 24.9 percent over the same period last year. It is worth mentioning that in August, Lexus hybrid model sales were 4948, accounting for 29.2% of August sales. From January to August, the cumulative sales of Lexus hybrid models reached 42466, up 33.5% from a year earlier and accounting for 33.5% of total sales in China. With the growth of sales, Lexus will launch new products in China one after another. Among them, the new Lexus RX went on sale on September 5, which is worth it.
The Lexus brand, which has seen sales rise for many months, today released its latest sales figures in China in October. In October, Lexus sold 16324 vehicles in China, up 11.2% from the same period last year. From January to October this year, Lexus sold 160914 vehicles in China, an increase of 21.5% over the same period last year, narrowing the gap with Cadillac. Lexus still ranks second in second-tier luxury. In 2005, Toyota's high-end brand Lexus began to introduce the domestic market. This year, Lexus announced that its cumulative sales in China have reached 1 million vehicles.
In August this year, South Korea and Japan removed each other from the "whitelist" of their own trade preferences. Under such circumstances, relations between South Korea and Japan became increasingly tense, and trade frictions between South Korea and Japan continued to ferment. In South Korea, public anti-Japanese sentiment is very strong, resulting in a sharp decline in Japanese sales in South Korea, especially in Japanese imported cars. According to Yonhap news agency, the Korean Import Automobile Association released data in September showing that the number of newly registered Japanese-branded passenger cars was 1103, a year-on-year drop of nearly 60%. It is understood that under the boycott of Japanese goods in South Korea, sales of imported Japanese cars fell 17.2% in July from a year earlier and plunged 56.9% to 56.9% in August.
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China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
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