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The luxury car market continues to grow rapidly, and the sales of several brands have soared and ushered in historical highs, which has once again become a major breakthrough in the automobile market this year. Luxury cars rose 86 per cent year-on-year in March, 60 per cent in February and 51 per cent in March 2019, according to the Federation of passengers. Reflects the luxury cars continue to maintain strong growth characteristics, consumer upgrading of high-end exchange demand is still strong.
Car sales in the first quarter were 3.672 million, down 42.4 per cent from a year earlier, according to the China Automobile Association. Affected by the epidemic, there is a great downward pressure on the domestic car market in the first quarter of 2020. in this context, although luxury brands outperform the overall market, the downward trend is still inevitable. Collate the data to get the ranking of luxury brands in China in the first quarter. According to the ranking, Mercedes-Benz (including Smart brand) won the championship with 136189 vehicles, while BMW (including MINI brand) was 9907 vehicles behind Mercedes-Benz, temporarily ranking second with 126282 vehicles. In addition, Tesla Cheng.
After months of shock from the COVID-19 epidemic, China's auto market has finally rebounded steadily under the control of the epidemic, as well as according to the latest sales figures released by a number of car companies recently. Among them, models as luxury brands performed more strongly, with year-on-year growth from the announced Lexus, Cadillac and Volvo brands.
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.
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.
The luxury car market continues to grow rapidly, and the sales of many brands have risen sharply and ushered in historical highs, which has become a major breakthrough in the automobile market this year. Luxury car retail sales rose 33% year-on-year in September, double-digit growth for many months in a row, and market share remained at around 15%, according to the federation of passengers. The demand for high-end cars brought about by consumer upgrading, as well as the increasing competition for luxury cars, have led to a continuous decline in prices, further expanding the consumer market covered by luxury cars. Under such circumstances, the luxury car market continued to prosper in October, with mainstream luxury brands rising sharply collectively. In the past October, the growth of second-tier luxury brands is more obvious, including Cady.
In 2020, the ranking of luxury brand sales has changed greatly, and the polarization has been further highlighted. Cadillac, which is firmly at the top of the second tier, was temporarily lost to Lexus after its sales fluctuated in 2020. However, Cadillac has rebounded as it hits its annual goals and rankings. Cadillac sold a total of 25316 cars in October, up 81 per cent from a year earlier and the biggest increase of the year, according to the latest official figures. Meanwhile, Cadillac sold 178176 vehicles from January to October, roughly the same as the same period last year. It is worth noting that.
Since the beginning of May, with the domestic car market achieving the first positive wholesale growth after 22 months, a number of car companies have taken the lead in releasing the latest sales figures at the beginning of the month to prove this month's "good results". But Lexus, which has always been active in the past, seems to be a little different from the results announced in May, with the latest sales officially released half a month later.
With the acceleration of consumption upgrading in the domestic automobile market, luxury brands have maintained a high growth trend in the first half of the year, even after the impact of the COVID-19 epidemic. After three consecutive months of year-on-year growth after March, the traditional off-season market still maintained a growth rate of nearly 30 per cent in July.
According to data from the Federation of passengers, sales of narrow passenger cars in China increased by 372.9% in February 2021 compared with the same period last year, of which sales in the luxury market increased by 574.8%. It is not difficult to see that the growth rate of the luxury car market is much higher than the market level, once again continuing the hot sales of luxury cars in the market last year. Recently, the China Automotive Center released the February luxury brand sales ranking, which counts the top 15 luxury car brands by sales. Overall, BMW-Benz Audi occupies the top three positions. Tesla, as a car-building brand, has become a rookie of second-tier luxury brands, while Red Flag has become the only Chinese brand with more than 10,000 sales.
According to the latest statistics of the Federation of passengers, the domestic narrow-sense passenger car market sold 1.661 million vehicles in June, which rebounded further from May. Among them, the luxury car market performed brightly, with retail sales rising 27% in June from a year earlier, with a market share reaching an all-time high of 14.9%. Cui Dongshu, the passenger association, said that the rise in sales in the luxury car market was mainly due to the demand for high-end swaps and the price drop brought about by the new promotional discounts on luxury cars. According to the luxury car sales list released by the Federation, there were more than 10,000 luxury cars sold in June, achieving year-on-year growth. Mercedes-Benz, BMW, Audi, three first-tier luxury car brands accounted for the main sales.
Recently, the China Automotive Center released a ranking of high-end brand terminal retail volume in May, which counts the top 15 luxury car brands by sales. Overall, first-tier luxury brand BMW-Mercedes-Benz Audi continued to occupy the top three positions, second-tier luxury brand Tesla once again became a rookie, Red Flag brand became the only Chinese brand with more than 10,000 sales, while Lexus sales fell to seventh. In addition, sales of Infiniti, MINI, Jaguar and other brands remain in the doldrums, and Acura has fallen out of the top 15. As a first-tier luxury brand, BMW Mercedes-Benz Audi still leads the luxury market. Data show that BMW brand sales were 7590 in May.
China's automobile industry has entered a decline stage, but the luxury car market is on its own, repeatedly achieving reverse growth, which has become a major "wonder" of the automobile industry this year. In the second half of the year, after the national five-year clearance, the market returns to rationality, while the degree of competition between brands will only become more and more fierce, and the sales ranking will change significantly. As the major luxury brands announced their sales results as of the end of July, the specific rankings were also released. First-line luxury formation, Mercedes-Benz not only won the monthly championship with sales of more than 60,000 vehicles, but also surpassed BMW to become the leader for the time being. Audi's performance was stable, as the replacement of BMW's main products gave up the price space, Audi rose to second place in July. ...
The performance of the domestic luxury car market is particularly bright this year. The domestic luxury car market sold 239700 vehicles in October, up 26.8% from January to October, while the domestic luxury car market totaled 2.0276 million units, up 12.6% from a year earlier, according to data from the Federation of passengers. According to the data released in November, the sales of some second-tier luxury brands continue to soar, including Red Flag, Lincoln, Ulay and other brands to achieve new monthly sales highs, while the "selling champion" Cadillac has not yet released its latest month-end sales for some reason. Red Flag surpasses Lexus, according to the latest data. FAW Red Flag sold a total of 25000 new cars in November.
Recently, domestic car companies are experiencing an unprecedented "price war", the major car companies "subsidy price reduction" information is everywhere, "price reduction tide" has become a key word in the automobile industry. According to incomplete statistics, so far, at least 40 car brands have participated through subsidies from manufacturers or price cuts by dealers. "
The first 11 months of 2020 have passed, and the battle for the top sales of second-tier luxury brands is still in doubt. What is different from the past is that Lexus has surpassed and has temporarily taken the lead in cumulative sales. Cadillac's monthly sales expand further and are still expected to retain its top spot. The Cadillac brand sold 24307 vehicles in November, up 45 per cent from a year earlier, according to manufacturer data, with cumulative sales of 202483 vehicles from January to November, up 4 per cent from a year earlier. For Lexus, terminal sales in November were 20632 units, up 6.8% from January to November, with cumulative Lexus sales reaching 202, 664.
The momentum of continued growth in the luxury car market continued, with a number of brands rising sharply year-on-year in August. Retail sales of luxury cars rose 32% in August from a year earlier, up 3% from July, and their market share hit an all-time high of 15%, according to a report by the federation of passengers. From the newly released ranking of luxury brand sales in August, the first-tier BBA has a solid position, and BMW won the top sales of the month; the second-tier has changed greatly, with the sales of the independent luxury brand "Red Flag" rising sharply and surpassing Volvo into the top three places in the second tier; at the same time, the sales of domestic Model 3 have risen sharply, and Tesla has also risen rapidly. According to the insurance.
With the advent of August, major car companies have also begun to announce sales. The front-line camp is glued to each other, and the competition between the second-line camp is even more difficult to distinguish between you and me. Affected by the slowdown in macro-economic growth, the switching of the five countries and six standards and other factors, the auto market remains depressed, and the July sales data released by a number of car companies show that they have all suffered varying degrees of decline. According to July passenger car production and sales data released by the Federation of passengers, sales of narrow passenger cars in July were about 1.4854 million, down 15.9 per cent from the previous month and 5 per cent from the same period last year. Wholesale sales of narrow passenger vehicles nationwide were 1.527 million, down 2.6 per cent from the same period last year. The trend of the downturn is still untwisted.
Just three days past February, FAW Red Flag, Lexus, Cadillac, Volvo and Lincoln have all released the latest sales figures, indirectly reflecting the good performance of luxury brands in January. Judging from the latest sales ranking, although the sales of all brands have increased in the first month of the year, the ranking has been greatly adjusted. Overall, FAW Red Flag monthly sales reached 32500 vehicles, temporarily ahead of Lexus and Cadillac, won the second-tier luxury brand sales. Competition between Lexus and Cadillac is still fierce, and Cadillac sales were overtaken by Lexus again in January, ranking third. In addition, Volvo and Lin.
The luxury car market continues to grow rapidly, and the sales of many brands have risen sharply and ushered in historical highs, which has become a major breakthrough in the automobile market this year. The demand for high-end cars brought about by consumer upgrading, as well as the increasing competition for luxury cars, have led to a continuous decline in prices, further expanding the consumer market covered by luxury cars. Retail sales in the luxury market totaled 2.5291 million vehicles in 2020, up 14.7 per cent from the same period last year, while the independent market and the mainstream joint venture market fell 12.1 per cent and 7.3 per cent respectively, according to the Federation of passengers. Prior to this, we counted the sales of the domestic first-tier luxury brand Mercedes-Benz, BMW and Audi, and all three major brands achieved sales in China.
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