New light-vehicle sales decline for 2nd straight month
Automotive News China
Automotive News | 2018-9-14
China¡¯s new light-vehicle sales slipped for the second month in a row in August, with deliveries dropping 4.6 percent year on year to roughly 1,789,900 vehicles. |
Except for minibuses, all segments¡¯ sales declined last month, according to the China Association of Automobile Manufacturers.
In August, sedan sales decreased 3.4 percent to about 901,100 while multipurpose vehicle deliveries slumped 14 percent to around 119,300.
Sales of crossovers and SUVs fell 4.7 percent to approximately 737,600.
Bucking the trend, minibus deliveries rose 5.1 percent to roughly 31,900.
Through August, new light-vehicle sales in China approached 15.2 million, an increase of 2.6 percent from the same period last year.
Sales of new commercial vehicles are also losing steam in China.
Last month, some 313,000 new commercial vehicles including trucks and buses were delivered across the country, edging up 1.1 percent from a year earlier.
For the first eight months, new commercial-vehicle sales rose 8.7 percent year on year to about 2,903,000.
As a result, total sales of new automobiles in China declined 3.8 percent from a year earlier to around 2.1 million last month.
Through August, deliveries of new automobiles gained 3.5 percent year on year to roughly 18.1 million.
EV, plug-in hybrid sales stay robust
Sales of full-electric vehicles and plug-in hybrids in China surged nearly 50 percent in August from a year earlier to around 101,000, with EV sales jumping 32 percent to roughly 73,000 and plug-in hybrid deliveries soaring 131 percent to about 28,000.
For the first eight months, some 601,000 EVs and plug-in hybrids were delivered across the country, advancing 88 percent from the same period last year.
In the period, EV sales surged 72 percent to around 447,000 while plug-in hybrid deliveries skyrocketed 160 percent to about 154,000, according to the industry group.
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