pure electric and hybrid electric cars -- outperformed their peers last month, registering 210- and 220-percent growth year on year both in output and sales to reach 28,324 and 28,092, respectively.
China's automobile market has been cooling since 2015 as a result of economic slowdown, fierce competition and purchase quota policies in first-tier cities.
Amid worsening air quality, the government has rolled out measures including tax redemptions, price subsidies and free number plates to promote new energy vehicles.
Several other measures to revive the automobile industry also included supporting new energy car sales and development of power batteries, forbidding local governments to set limits on electric car purchase and ensuring proportions of electricity powered buses.
Xu Minfeng, an analyst of the car industry at Central China Securities, believes the stimulating measures will likely boost China's car demand in 2015 and 2016, helping many wait-and-see buyers to make the decision to take action.
The following table specifies China's auto sales in September and the first nine months of 2015, based on the CAAM data:
Table 1: China's auto sales in September and the first nine months of 2015
|
September sales (units) |
Change m-o-m (pct) |
Change y-o-y (pct) |
Jan.-Sept. sales (units) |
Change y-o-y (pct) |
|
|
Passenger vehicle |
1,751,200 |
23.41 |
3.26 |
14,547,800 |
2.75 |
|
Commercial vehicle |
273,600 |
11.20 |
-4.87 |
2,508,700 |
-11.83 |
|
Total |
2,024,800 |
21.60 |
2.08 |
17,056,500 |
0.31 |
Here is another table specifying China's September and January-September auto output.
Table 2: China's auto output in September and the first nine months of 2015
|
September output (units) |
Change m-o-m (pct) |
Change y-o-y (pct) |
Jan.-Sept. output (units) |
Change y-o-y (pct) |
|
|
Passenger vehicle |
1,620,700 |
20.75 |
-6.03 |
14,606,300 |
1.49 |
|
Commercial vehicle |
273,600 |
19.95 |
-3.23 |
2,485,300 |
-12.48 |
|
Total |
1,894,300 |
20.63 |
-5.64 |
17,091,600 |
-0.82 |
The following chart shows China's monthly auto output and sales since January 2014 (in unit):
Here is another chart showing China's auto sales since January 2014 (in unit):
China exported 553,600 motor vehicles in the first nine months of 2015, down 16.5 percent year on year.
Auto exports in September fell 28.9 percent year on year to 55,600 units.
Passenger car exports in September came to 36,500 units, down 24.7 percent from the same period a year earlier.
The following chart shows China's exports volume since January of 2011.
(Sources: Ministry of Industry and Information Technology, Chinese Customs and China Association of Automobile Manufacturers)
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