According to the latest production and sales data released by CLUCC, in August 2017, the sales volume of narrow-sale passenger vehicles in China reached 1,872,445, a year-on-year increase of 6.2% and a year-on-year increase of 11.9%. This represented a picking up of the auto market in the first quarter and a structural warming feature of the real economy. At the same time, the cumulative retail sales of narrow passenger vehicles in the first eight months of this year increased by 2.1% to 14,111,309 vehicles, which also reflected the relative recovery of the auto market in the third quarter of this year.
In terms of wholesale sales, the sales volume of narrow passenger cars in August was 1,852,110, an increase of 5.3% over the same period of last year. Cui Dongshu, the secretary-general of the association, pointed out that the retail sales in August will be higher than the wholesale sales and will form a better phenomenon of continuous destocking. “Part of the main manufacturers entered the holiday cycle in August, and the production was also lower, but also reduced the inventory of the manufacturers.†It also pointed out that due to the downturn in the auto market at the beginning of the year, the phenomenon of destocking by dealers has experienced nearly six months since April this year, with gold. With the advent of the Nine Vehicles City, the inventory cycle will begin in September.
As an important reference indicator to measure the monthly sales of car manufacturers, the top ten car dealers' sales list for narrow-sale passenger vehicles was also released in August. In the top ten car sales rankings of August, the first four seats were still occupied by FAW-Volkswagen, SAIC-GM, SAIC-VW, and SAIC-GM-Wuling, and the ranking was consistent with that in July; Dongfeng Nissan and Geely Autos shifted in and ranked fifth this month. In the sixth place, FAW Toyota, which was ranked seventh last month, fell out of the top ten this month, Changan Automobile took second place, and Changan Ford ranked eighth in the month after Changan Automobile. The car fell one place from last month and finished in the ninth place; Dongfeng Honda still firmly holds the tenth place.
The following is the ranking of the top ten car dealers in the narrow sales of narrow passenger vehicles in August:
First place: FAW-Volkswagen
August narrow car sales: 182,031
Second place: SAIC General Motors
August narrow car sales volume: 164,085 units
Third place: SAIC Volkswagen
August narrow car sales volume: 151,901
Fourth place: Shanghai Wuling
August narrow car wholesale sales: 113,557 vehicles
Fifth place: Dongfeng Nissan
August narrow car sales volume: 97,656 vehicles
Sixth place: Geely Automobile
August narrow car sales volume: 96,549 vehicles
Seventh place: Changan Automobile
August narrow car sales volume: 71,644 vehicles
Eighth: Changan Ford
August narrow passenger car wholesale sales: 69,926 vehicles
9th: Great Wall Motors
August narrow car sales volume: 65,837
Tenth Place: Dongfeng Honda
August sales of narrow passenger car: 59,230 vehicles
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