The China car market goes into hibernation

13 December 2017

Sale cars in China in November has decreased on 0,03%

Sales of passenger cars in China in November has decreased on 0,03% up to 2.6 million vehicles in the than the same period last year. Thus for the first time in last two years, the market is not showed the penultimate month of significant growth, says China Association of automobile manufacturers (CAAM). 

However, this slight decline in November figures in this year was the natural result of last year's explosive sales growth, say local analysts. 

Last year in the same time, consumers snapped up new cars like hot cakes due to the fact that the tax sales were significantly increase with January 1, 2017. Thus, the tax sales cars with an engine capacity of 1.6 liters and below has grown to 7.5% on than 5% 2016. 

Now this tax since January 1, 2018 year will be even increased on 2,5%, i.e. up to 10%, however, the General boom on the market of this news already not called – Chinese consumers are becoming more experienced and demanding, and also subject to fickle fashion, simultaneously paying less attention to the level is stable, in General, market prices cars.

In November the growing demand for crossovers and SUVs were offset by lower deliveries of sedans, utilitarian Mitrofanov and MPV. Per month cumulative sales of crossovers and SUVs rose by 8.9% to 1.1 million vehicles. 

Accordingly, deliveries of sedans fell on 4.8% to 1.22 million, and sales of MPVs fell by 8% to 216,8 thousand Demand microvena have fallen by 21% to 41,3 thousand 

For 11 months from the beginning of the year, passenger car sales in China rose 1.9% to 22.1 million 

Shanghai motor show 2017