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 Email this story   Print this story
 
Light-vehicle deliveries edge up in '17 after sales tax rises on small cars
Automotive News China | 2018/1/12

The growth in China's light-vehicle sales slowed to 1.4 percent in 2017 from nearly 15 percent a year earlier after Beijing phased out part of the tax cut on small-vehicle purchases.

Approximately 24.72 million vehicles were sold last year in China, the China Association of Automobile Manufacturers said Thursday. 

Last year, deliveries of crossovers and SUVs rose 13 percent year on year to roughly 10.25 million, according to the association. 

But sales in all other segments declined. Sedan sales dropped 2.5 percent from a year earlier to 11.84 million. Multipurpose vehicle deliveries fell 17 percent to below 2.1 million while microvan sales slumped 20 percent to about 547,000. 

Light-vehicle sales continued to lose steam toward the end of last year. In December, total sales slid 0.7 percent year on year to below 2.7 million vehicles. 

In January 2017, the Chinese government phased out part of the purchase tax cut on vehicles with engines of up to 1.6 liters. The tax rose to 7.5 percent from 5 percent in 2016. 

The tax was restored to its normal 10 percent rate this month, which will make it hard for the market to resume growth anytime soon.

Related Stories
  • China, dashing hopes for lower car taxes, tells industry to buckle up
  •     --Published:2018/16/11
     
  • Beijing's decision to maintain tax on auto sales is a bad move
  •     --Published:2018/16/11
     
  • Light-vehicle market on verge of rare annual dip after October sales slide
  •     --Published:2018/13/11
     
  • Light-vehicle market may contract in 2018, China official warns
  •     --Published:2018/9/11
     
  • Auto sales post biggest drop in 7 years as growth engine stalls
  •     --Published:2018/12/10
     
  • New light-vehicle sales decline for 2nd straight month
  •     --Published:2018/14/9
     
  • Behind the sudden decline in China's auto sales
  •     --Published:2018/7/9
     
  • Light-vehicle sales drop in July behind weak crossover, SUV volume
  •     --Published:2018/14/8
     
  • Light-vehicle sales rose 2.3% in June behind sedans
  •     --Published:2018/13/7
     
  • Powered by sedans, light-vehicle deliveries rise 7.9% in May
  •     --Published:2018/12/6
     
  • Light-vehicle sales rise 11% in April
  •     --Published:2018/15/5
     
  • Light-vehicle sales rise 3.5% in March on demand for crossovers, SUVs
  •     --Published:2018/13/4
     
  • Light-vehicle sales fall as New Year holiday dents demand
  •     --Published:2018/13/3
     
  • Light-vehicle sales rise 11% in Jan. behind crossover, SUV demand
  •     --Published:2018/13/2
     
     

    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 | Privacy Policy | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.
    ICP06057291