The Camry (+70.3%) helps Toyota break its all-time volume record in China in January in a declining market. No recovery in sight just yet for the Chinese new vehicle market, January marking the 7th consecutive month of year-on-year decline and third double-digit drop in a row at 15.8% to 2.367.300 wholesales deliveries (=ex-factory shipments). Passenger cars are down a ghastly -17.7% to 2.021.100 units, with sedans/hatches down 14.9% to 986.200, SUVs down 18.9% to 878.900, MPVs down 27.4% to 129.600 and microvans down 26% to 26.400. As it has been the case throughput the past year, relatively strong sales of commercial vehicles, including pickups, medium and heavy trucks and buses, take the edge off a dizzying market drop: they down just -2.2% to 346.200 and enable the total market to lose “just” 15.8%. Once again New Energy vehicles are the sole source of joy in China this month with sales up a whopping 138% to 96.000 units including EVs up 179.7% to 75.000 and PHEVs up 54.6% to 21.000. Looking at passenger car sales by brand origin, Chinese brands are once again faring worse than average with sales falling -22.2% to 831.800 and 41.1% share vs. 42.1% over the Full… Read full this story
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China Wholesales January 2019: VW sinks, Toyota, BMW smash records, 7th consecutive market drop (-15.8%) have 267 words, post on bestsellingcarsblog.com at February 21, 2019. This is cached page on Auto Breaking News. If you want remove this page, please contact us.