Monthly report of China’s imported automobile market in October 2020 From China Automobile Circulation Association

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The following is the Monthly report of China’s imported automobile market in October 2020 From China Automobile Circulation Association recommended by recordtrend.com. And this article belongs to the classification: Automobile industry.

■ supply and demand: in October, 95000 vehicles (including chassis) were imported in a single month, with a year-on-year increase of 63.8%, and the total amount of imported vehicles was RMB 35.26 billion. From January to October 2020, 714000 vehicles (including chassis) were imported in China, with a year-on-year decrease of 15.0%. The total amount of imported vehicles was 245.79 billion yuan. In October, 85000 imported passenger car terminals were sold, with a year-on-year increase of 11.8%. From January to October, 782000 imported passenger car terminals were sold, with a cumulative year-on-year decrease of 13.8%, and the decline rate continued to narrow, and the market began to recover.

■ model structure: from January to October, the sales of imported passenger cars were still dominated by sedans and SUVs, accounting for 95.9%; the decline rates of sedans, SUVs and MPVS were 12.8%, 14.8% and 11.1%, respectively, and the decline rates continued to decrease.

■ level structure: from January to October 2020, the market share of large-scale and medium-sized and large-scale imported vehicles will continue to increase, increasing by 1.8 and 7.2 percentage points respectively compared with that in 2019; the share of other market segments has decreased.

■ brand structure: in October, 70% of the top ten brands increased; from January to October, except Lexus and Mercedes Benz, the rest of the top ten brands still declined.

Regional structure: in October, the top three provinces in China were still Guangdong, Zhejiang and Jiangsu.

Market supply: from January to October 2020, the impact of the global epidemic situation will be slowed down. 714000 vehicles (including chassis) will be imported nationwide, with a year-on-year decrease of 15.0%. The total amount of imported vehicles will be 245.79 billion yuan, with a year-on-year decrease of 7.0%. In October, 95000 vehicles (including chassis) were imported in a single month, with a year-on-year increase of 63.8%. The total amount of imported vehicles was 35.26 billion yuan, with a year-on-year increase of 98%. The market started the recovery mode.

Parallel imported vehicles: from January to September, 57000 parallel imported vehicles accounted for 9.3% of the total import volume, which decreased by 5.7 percentage points compared with the market share of the whole year in 2019, with a cumulative year-on-year decrease of 55.6%. In September, there were 0 parallel imported vehicles.

Model structure: from January to October, the sales of imported passenger cars were still dominated by sedans and SUVs, accounting for 95.9%; the decline rates of sedans, SUVs and MPVS were 12.8%, 14.8% and 11.1%, respectively, and the decline rates continued to decrease. In October, cars and SUVs increased by 10.6% and 14.2% respectively, while MPV decreased by 8.6%.

Brand structure – brand segmentation: in October, 70% of the top ten brands increased. Among them, Audi increased by 65.6% driven by A8 and Mercedes Benz by 45% driven by gle. From January to October, the top three imported brands were Lexus, Mercedes Benz and BMW; among the top ten brands, except Lexus and Mercedes Benz, the rest of the brands still declined.

Regional structure: in October, the top three provinces in China were still Guangdong, Zhejiang and Jiangsu. In addition to Beijing and Sichuan, the top ten provinces in terms of sales volume all achieved growth.

Emission structure: from January to October 2020, 1.5-2.0l will remain in the first emission range, with a share of 44.6%, but a decrease of 1.5 percentage points; due to Tesla’s domestic production, the share of emissions below 1.0L will decrease by 3.4%; the share of 2.0-3.0l emission range will continue to expand, with the overall share of 37.4%.

China Automobile Circulation Association: in the first quarter of 2020, 57 luxury brand authorized 4S stores were added and 41 4S stores were withdrawn from the Internet. China Automobile Circulation Association: in March 2020, the sales volume of narrow passenger cars in China reached 1.045 million China Automobile Circulation Association: monthly report of China import automobile market in April 2020 China Automobile Circulation Association: automobile consumption index in July 2020 will be 60.3 China Automobile Circulation Association: luxury car market analysis in the first half of 2020 China Automobile Circulation Association: Pickup Market Analysis in June 2020 China Automobile Circulation Association: national passenger car market analysis in June 2020 China Automobile Circulation Association: automobile market and user insight report in the first half of 2020 China Automobile Circulation Association: Analysis on the consumption characteristics of Shanghai auto market The monthly auto consumption index was 77.8

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