STORM COMING IN? – The car market in China has long been considered the promised land by the builders, thanks to its uninterrupted growth for 28 years in a row. Now, however, the situation seems to be changed: after the peak of 28.879.000 of vehicles in 2017, the new car registrations in China decreased in 2018 and in 2019, as evidenced by the data published yesterday by the local association of builders. Two consecutive years of decline did take more of an alarm bell, a fortiori considering that the sales of cars and commercial vehicles fell last year, up 9.6% (approximately 21.500.000 unit). To these are added the approximately 4.300.000 truck and bus sold, 1.1% less.
MANY ARE FINISHED KO – The consequences of the decline have not spared anyone, so much so that the chinese Hawtai seems to have stood the shock: the company would pass from the 129.232 cars sold in 2017 to the crisis in the black last year, which culminated with the request of receivership. Lifan and Zotye have had to go to court to reach agreements with creditors. The decline has also affected the manufacturers more tradizonali, including those from the state, such as SAIC, BAIC, FAW, GAC, Changan, and Dongfeng, which are investing heavily to new technologies related to electric propulsion and autonomous guide as required by the guidelines of the Government.
In the photos the three best selling cars in China: from the top, the Volkswagen Lavida, Nissan Silphy and Haval H6.
EVEN THE FOREIGN – the foreign manufacturers, which operate in the company with 50% of the local ones, have accused the blow. General Motors has instead lost the 33,96% in November and the 17,94% from January to November of 2019, but is the more serious the situation of the PSA, which seems to have thrown in the towel after a year still very difficult: the French manufacturer had created a joint venture with chinese Changan to operate in China, but after 9 years, the company may be liquidated, sending up in smoke the billion euro spent to create it and manage it. Despite the decline does not stop investment: the Volkswagen group, which in 2019 have successfully launched the brand in the Jetta, in the next 12 months will spend almost 4 billion euros in China for research, factories, and infrastructure, with 40% allocated to electric cars.
HOLD THE ELECTRIC, BUT… – The decline in sales in China was also suffered by the car , hybrid and electric vehicles, which is strongly supported by the Government through incentives and tax reductions, which, however, have become less generous in June. The hybrid they have lost 15% to 232.000 units, while the electric increased by 1.2% to 972.000 specimens, but registrations have declined without interruption right from June.
THE 100 BEST SELLING CARS IN CHINA
|2||Nissan Sylphy||417.379||1.8% of|
|3||Haval H6||344.699||Or 14.3%|
|4||Toyota Corolla||325.293||6.2% to|
|8||Buick Excelle GT||253.197||4,0%|
|12||Geely Boyue||207.900||Result was 12.9%|
|15||Geely Emgrand EC7||196.900||-15,1%|
|22||BMW 5 Series||160.657||10,6%|
|25||Mercedes C Class||152.973||1,2%|
|27||Mercedes E Class||150.072||18,0%|
|29||Honda Crider||144.033||50.1% of the|
|33||Honda XR-V||133.285||Or 11.7%|
|42||Hyundai ix35||117.579||3.1% of|
|52||MG ZS||103.730||10.8% of|
|53||Chery Tiggo 8||102.444||152,7%|
|55||Geely Emgrand GS||100.806||-31,4%|
|56||Haval M6||99.798||Approximately 72.1%|
|58||BMW 3 Series||98.178||-20,4%|
|60||GAC Trumpchi GS4||97.539||-57,7%|
|63||Toyota Highlander||90.409||5.8% of|
|70||Geely Vision X3||84.775||-25,5%|
|76||Hyundai Celesta||78.482||18.9% of|
|78||Volkswagen Teramont||75.218||To 1.0%|
|83||Geely Emgrand GL||73.087||-48,2%|
|85||Geely Vision SUV||71.921||-35,0%|
|86||BYD Song Pro||71.216|
|89||Dongfeng Fengguang 580||68.734||-31,9%|
|89||Dongfeng Glory, 580||68.734|
|91||GAC Trumpchi GS3||67.578||-16,8%|
|93||BYD Song MAX||65.713||-50,2%|
|94||Mercedes A Class||64.366||1704,5%|
|96||Toyota Yaris L||62.909||23,3%|
|99||Chery Arrizo GX||60.610||755,1%|