As the data from Chinese passenger car market information joint committee shows, the sales volume of Chinese generalized passenger car in November is 1,710,100, increasing by 5.0% on year-on-year basis and total output is 16,924,400, increasing by 10.3% on year-on-year basis. The sales volume of narrow passenger car is 1,646,700, increasing by 8.8% and the data for SUV is 387,300 and 38.3%. The sales volume of saloon car is 1,066,600, declining by 2.6%.
Due to the unexpected growth of 13.3% in November and the environmental pressure from North China, the sales declined at the beginning of November. Although the situation of controlling production and sales was better, unsatisfied detail led to unexpected low wholesale.
In second half of November, the sales was more due to better policies, reducing financing pressure and heightening interest reducing effect of consumption loan. The effect of subsidy for fuel-efficient vehicles begins to appear and self-owned brand vehicles have returned to increase after declining continuously.
In accordance with predict for Chinese passenger car market information joint committee, the growth of auto market will be 10% in 2015. Chinese GDP will increase by around 7.3% steadily and increasing consumption level will promote new orders and added orders. There must be many positive factors in 2015 auto market.
The 2015 Chinese New Year will come later so the sales of January and February will increase more. The subsidy policies for fuel-efficient vehicles must promote the sales, the same with the localization of luxury cars.
On Guangzhou Auto Show at the end of 2014, many auto enterprises had released new models, among which more than 10 models are self-owned brand products, promoting the share of self-owned brand in SUV market to 49%. In 2015, low fuel price and the new models released at the end of 2014 will also help continue this trend.
