Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Chinese Version   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home >> Automaker Email this story   Print this story
 
 
SUV prices continue to fall despite strong sales in August
Automotive News China | 2015/9/29

SUV prices in China continued to decline in August as the segment's sales rose and as automakers ramped up production of popular SUVs and crossovers, according to the National Development and Reform Commission, China's price regulator.

For the month, prices of domestically built SUVs dipped 2.5 percent year on year while prices of imported SUVs dropped 2.1 percent.

The commission said prices of sedans and microvans built in China remained virtually unchanged from a year earlier. However, prices of imported sedans declined 1.5 percent.

The commission did not disclose price changes for multipurpose vehicles.

Soft SUV prices underscore the battle among automakers for a bigger share of China's only fast-growing product segment. Chinese automakers and foreign rivals alike have expanded SUV production and must now offer steeper discounts to prop up sales.

So far, the strategy is working. In August, SUV deliveries surged nearly 45 percent year on year even as sedan, MPV and microvan sales fell sharply.

Industry sales of light vehicles in August fell 3.4 percent to 1.42 million vehicles, according to the China Association of Automobile Manufacturers.


Related Stories
  • Citroen CEO counts on SUVs to revive sales in China, Europe
  •     --Published:2017/9/6
     
  • Changan Auto cuts new-vehicle prices to revive sales
  •     --Published:2017/30/5
     
  • GM Wuling joint venture preps first SUV
  •     --Published:2017/25/4
     
  • Why electric crossovers, SUVs will dominate China's roads
  •     --Published:2017/21/4
     
  • Automakers bet on big SUVs after Beijing eases one-child rule
  •     --Published:2017/14/4
     
  • VW raises stakes in fight to dominate crossover, SUV market
  •     --Published:2017/20/1
     
  • How China's price war engulfed foreign automakers
  •     --Published:2016/26/8
     
  • China's love for SUVs hits maker of Chairman Mao's red flag limo
  •     --Published:2016/15/7
     
  • Cutting corners? China SUV makers forgo key safety feature
  •     --Published:2016/3/6
     
  • SAIC, Alibaba jointly develop a 'connected' SUV
  •     --Published:2016/3/6
     
  • Everyone in China wants an SUV, and that's a problem
  •     --Published:2016/22/4
     
  • Everyone in China wants an SUV. That's a problem.
  •     --Published:2016/20/4
     
  • Automakers roll out seven-seaters to meet the needs of extended Chinese families
  •     --Published:2016/15/4
       
     
     

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     

     

    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
     
    Home | Help Center | About Us | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.
    ICP06057291