China
Multi-purpose Vehicle (MPV) Industry Report, 2014-2017 released by Publisher
forecasts China’s MPV market will maintain a rapid growth rate in the coming
years and the sales volume will reach 1.6 million units in 2017.
In
2013, Chinese MPV market grew faster than the overall automobile market and the
passenger car market. The MPV output soared 168.73% year on year to 1.32
million units and the MPV sales volume surged 164.53% YoY to 1.31 million units.
From January to April of 2014, China’s MPV output and sales volume reached
651,000 units and 625,000 units separately, up 62.05% and 56.86% year on year
respectively. In 2013-2014, Chinese MPV witnesses rapid growth, mainly because
China Association of Automobile Manufacturers defines SAIC-GM-Wuling’s Wuling
Hongguang as an MPV model instead of the previous cross-type passenger car
model as well as low-cost MPV models are launched.
By
nationality, American MPV brands enjoyed 46.53% market share in China in 2013,
7.73 percentage points higher than Chinese counterparts and far higher than
Japanese and European brands. The adjustment in the position of
SAIC-GM-Wuling’s Wuling Hongguang and the sales growth of GM Buick GL8 were the
key drivers. From January to April of 2014, American MPV brands ranked first
with the market share of 48.06%, followed by Chinese MPV brands with 40.92%.
As
for models, SAIC-GM-Wuling’s Wuling Hongguang is the best-selling model in
2013-2014. 530,100 ones of such model were sold out in 2013, accounting for
40.61% of the total MPV sales volume; from January to April of 2014, the number
and proportion rose to 270,100 and 43.18% respectively. In addition, Lingzhi
and JOYEAR produced by Dongfeng Liuzhou Motor, HONOR of Changan Automobile,
Buick GL8 of Shanghai GM and JAC’s Refine are also popular in China.
In
the medium and high-end fields, Buick GL8 still acts as a leader. In 2013, the
output of Buick GL8 jumped by 24.46% year on year to 74,898; the sales volume
grew 9.67% year on year to 70,191. From January to April of 2014, Buick GL8
generated the output of 26,485 and the sales volume of 30,497, ranking the
sixth by sales volume.
The
report contains six chapters and 130 charts, involving overview of China
automobile industry, passenger car market segments, MPV market (including
segments: A0 class and below, A class, B class, C class and above), competition
patterns and features, powertrain and other aspects. Finally, it analyzes
capacity, MPV production and marketing, supporting and production bases of 14
major manufacturers.
Spanning over 110 pages, “China Multi-purpose Vehicle (MPV)
Industry Report, 2014-2017” report covering the Industry’s
Macro Environment, Definition and Classification of Chinese MPV, Chinese
Passenger Car Market, MPV Market, MPV Market Segments, Major Enterprises. The
report covered companies are - SAIC-GM-Wuling, Dongfeng Motor, Changan
Automobile, Shanghai GM,JAC, FAW Group,Dongfeng Honda, Shanghai Volkswagen, GAC
Honda, Jinbei Automotive, GAC Toyota, BAIC Yinxiang, Haima Motor, BYD
Know more about this report at : - http://mrr.cm/ZAT
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