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January car sales surge 20% year on year driven by government tax breaks to pick up the automobile market

November 2015, car sales continued the upward trend last month, showed over-year rapid growth, production and sales both more than 2.5 million, a record high. January to November, car sales growth of 1 - rebounded slightly in October. Specific analysis is as follows:
1. The overall automotive industry
⑴. Production and sales of new high
November China's automobile production and sales continued to show rapid rise, sales volume hit a record high last month and the previous year there was a substantial increase.
November car sales were completed 2,544,200 and 2,508,800, an increase of 16.2% over the previous month and 12.9%, respectively; compared with a year earlier, production and sales growth of 17.7% and 20%, respectively. January to November, car sales were completed respectively 21,823,900 and 21,786,600, respectively, an increase of 1.8% and 3.3% over the previous year.
⑵. Passenger car sales grew rapidly
In November, passenger car sales last month showing over 10% growth; compared with last year, sales volume growth of more than 20% occur. Monthly passenger car sales volume hit a record high, the market continues to pick up.
November passenger car sales were completed 2,230,200 and 2,196,800, production and sales last month increased 17.4% and 13.4%, respectively; compared with last year, production and sales growth of 21.6% and 23.7%, respectively.
January to November, passenger car sales were completed respectively 18,735,200 and 18,681,300, an increase of 4.2% and 5.9% respectively over the same period last year, an increase over January - were increased two percentage points in October.
Four types of passenger car sales situation, over the previous year, SUV sales continue to maintain rapid growth, respectively, 48.2% and 51.1%; MPV sales growth was 7% and 7.9%; car sales fell 8.2% and 6.3 respectively %; sales of cross passenger cars fell 18.2% and 19%, respectively.
November 1.6 liters and below passenger car sales of 1,556,600, an increase of 16.5% last month, higher than the overall growth rate of 3.1 percent for passenger cars, an increase of 29% over the same period, higher than the overall growth rate of 5.3 percent for passenger cars . November 1.6 liters and below passenger car passenger cars accounted for the proportion of sales of 70.9%, and up 1.9 percentage points. Data show that 1.6 liters and below passenger car purchase tax by half policies continue to promote sales of such models.
⑶. Chinese brand passenger car market share to grow
In November, Chinese brand sold 921,400 passenger cars, an increase of 26.9%, accounting for 41.9% of total passenger car sales, market share, an increase of 1.1 percentage points. Where: 237,200 vehicles were sold, down 6.1%, accounting for 20.3% of total car sales, market share fell 3.3 percentage points; SUV sold 395,000, up 88.1 percent, accounting for 55.2 of the total SUV sales % market share increase 4.7 percentage points year on year; MPV total sales of 197,600, an increase of 11.0%, accounting for 90.5% MPV total sales, market share, an increase of 1.8 percentage points.
January to November, Chinese-brand passenger cars were sold 7.6783 million, up 14.1%, accounting for 41.1% of total passenger car sales increase 3.0 percentage points over the previous year; in which car sales 2,158,600, down 11.8 percent, accounting for 20.7% of total car sales, down 1.3 percentage points over the previous year; SUV sales of 2,896,800, an increase of 82.8 percent, accounting for 53.4% SUV sales total, 9.3 percentage point increase over the previous year; MPV sales of 1,619,000, an increase of 11.1%, accounting for 88.3% MPV total sales increase 2.5 percentage points higher than the previous year.
⑷. Commercial vehicle sales lower than a year earlier
In November, sales of commercial vehicles grew last month, but below the level of the previous year. Month commercial vehicle sales were completed respectively 314,000 and 312,000, production and sales last month increased by 8.6% and 9.6%, respectively; compared with last year, sales fell 3.7% and 1.1%, respectively.
January to November, sales of commercial vehicles were completed 3,088,700 and 3,105,400, down 10.5% and 9.7% respectively over the previous year. Minute car sales situation, sales of passenger cars fell 3.1% and 3.2% respectively over the previous year; truck sales fell 11.9 percent and 10.9 percent respectively over the previous year.
⑸. Top ten enterprises in line with industry growth
January to November, car sales of the top ten companies in total group sales 19,523,300, an increase of 3.3%, in line with industry growth. Cars accounted for 89.6% of total sales, down 0.1 percentage points from a year earlier.
⑹. Automobile exports continued to decline year on year
According to the Automobile Association of automobile export data, November auto companies export 55 200, an increase of 2.2% last month, down 25.4 percent over the previous year. Sub-models, the passenger car exports 35,300 this month, an increase of 5.3% last month, down 17.5 percent over the previous year; export 19,900 commercial vehicles, down 2.9%, down 36.2% over the previous year .
January to November, exports of 662,800 cars, down 18.2% compared with the previous year. Which exports 392,100 passenger cars, down 18% over the previous year; exports of commercial vehicles 270,700, down 18.5 percent over the previous year.
According to customs data processing, in October 2015 automobile imported a total 87,200, down 28.2 percent over the previous year; automobile exports 51,300, down 32.9 percent over the previous year. January to October, total imports of 907,400 complete vehicles, down 23.6 percent over the previous year; automobile total exports of 647,300, down 15.7 percent over the previous year.
⑺. Key enterprises operating income, total profit and tax of decline narrowed
According to the Automobile Manufacturers Association within the 17 industry key enterprises (groups) economic indicators Express showed that from January to October 2015, 17 key enterprises (groups) of major economic indicators continued to show a downward trend, but the decline to 1 - compared to September , there are varying degrees of narrowing.
January to October, the automotive industry key enterprises (groups) total operating revenue 2.473972 trillion yuan, down 2.52 percent, a decline of 1 - narrowed 0.97 percentage points in September. Accumulated a total of 433.701 billion yuan in profits and taxes, down 5.11 percent, a decline of 1 - narrowed 1.09 percentage points in September.
2. Motorcycle situation
⑴. Motorcycle sales last month, slightly better
November, motorcycle sales rebounded last month, but is still down significantly. Month complete sales 1,527,000 and 1,499,900, an increase of 6.8% the previous month and 3.3%, respectively, over the previous year dropped 18.4 percent year on year decline narrowed slightly from the previous month. Among them, two wheeler sales 1,351,800 and 1,323,000, down 17.9% and 18% over the previous year; tricycle sales 175,200 and 176,900, down 22.2 percent and 21.5 percent over the previous year.
January to November, the industry sales totaled 17,211,200 and 17,221,200, decreased by 10.8% over the previous year, a decline of more than January-October has expanded.
⑵. Motorcycle exports rebounded
November, motorcycle exports ended two consecutive months of decline, showed a rise. Month export 638,200 motorcycles, up 16.8 percent last month, down 12.3 percent over the previous year, representing a decline of 7.4 percentage points last month to narrow. Among them, the two-wheeled vehicle exports 612,200, down 12.1 percent over the previous year; tricycle export 26,000, down 18.2% compared with the previous year.
January to November, total exports of motorcycle 7,064,300, down 9.3 percent over the previous year, a decline of more than 1 - to expand slightly in October. Among them, the two-wheeled vehicle exports 6,803,200, down 9.6 percent over the previous year; tricycle export 261,100, down 2.3 percent over the previous year.

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