国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Auto Data

Fascination with SUVs expected to continue to lead sales growth

By Li Fusheng (China Daily) Updated: 2016-01-11 10:09

Fascination with SUVs expected to continue to lead sales growth

Shoppers inspect a SUV at a mall in Yichang, Hubei province. SUVs are expected to see the fastest growth in 2016 among all segments in the Chinese auto market, experts said. [Photo/China Daily]

The fascination of Chinese with SUVs looks likely to continue for some time but domestic automakers should not pin all their hopes on the model, industry experts warn.

SUVs will see the fastest growth in 2016 among all segments in the Chinese market, said Dong Yang, vice-president of the China Association of Automobile Manufacturers, at the association's last news conference of 2015.

Cheng Xiaodong, a principal analyst with the Price Monitor Center of the State Development and Reform Commission, was even more optimistic.

"SUV sales will remain robust in the coming three to five years," Cheng told Auto Business News. "Despite the new normal of slowed economic growth, they will see a two-digit growth rate."

Such positive projections are based on the model's rising popularity in China. In the first 11 months of 2015, carmakers sold 5.46 million SUVs, a 48.2 percent surge year-on-year. This was in stark contrast to sales of sedans, which fell 8.2 percent year-on-year during the same period.

The CAAM statistics show that SUVs accounted for 29.6 percent of China's passenger sales by the end of November, almost six times the ratio in 2006.

Shi Jianhua, the CAAM's deputy secretary general, said a strong look and extra space are among the top reasons many buyers choose SUVs, as such features make drivers feel good.

Analysts said the fact that those buying their second car often want a change is also fueling SUV sales, as most first-time car buyers purchase sedans.

Private cars started becoming part of Chinese people's daily lives in 2002 and are generally replaced every five to eight years, industry insiders said.

It is probably thanks to this positive outlook that almost all automakers, especially Chinese manufacturers, are making SUVs an indispensable part of their portfolios in the market.

The CAAM statistics show that Changan's two SUV models-the CS 35 and CS 75-saw sales reach 297,000 units, 44 percent of the marque's sales from January to November; JAC sold 19.16 units of its Refine S2 and S3 SUVs, 62 percent of its total sales in the same period; and GAC Motor's GS4 and GS5 sales totaled 125,300 units, 77 percent of its sales in the first 11 months of 2015.

Global competition

International automakers are also enriching their lineups with SUVs to woo Chinese customers.

Volkswagen is planning to introduce 10 such models within two years. Jaguar, which has been specializing in sedans, unveiled an SUV called F-PACE at the Guangzhou auto show that concluded in November. Aston Martin's CEO Andy Palmer said the brand is working on a crossover that will hit the market in about three years.

Competition will become fiercer as multinational automakers take the SUV market more seriously, especially the compact SUV segment where Chinese models dominate now, so it is crucial that Chinese automakers do not put all their eggs in the same basket, said industry insiders.

Gong Bing, vice-president of Changan Automobile, said, "An automaker will not have a 'healthy' lineup if there is overdependence on the SUV market." He predicted the growth rate would slow to around 10 percent in 2018 from more than 40 percent now.

Geely CEO An Conghui said Chinese brands must build on their products and services, in an interview with National Business Daily.

"Some brands attempt to catch up with or even overtake international ones with their SUVs but I don't think that is feasible. Chinese brands do not lack products; what we lack are star products."

Hot Topics

Editor's Picks
...
蒙城县| 怀安县| 清水县| 大新县| 永州市| 贵阳市| 墨玉县| 刚察县| 重庆市| 温泉县| 揭西县| 余干县| 英山县| 元江| 玉田县| 万荣县| 长顺县| 霸州市| 竹北市| 曲沃县| 成都市| 瓮安县| 启东市| 勐海县| 浙江省| 巴中市| 呼伦贝尔市| 监利县| 原阳县| 谢通门县| 离岛区| 丹凤县| 宜宾县| 如东县| 毕节市| 阳东县| 杭锦后旗| 贵州省| 铁力市| 楚雄市| 和平区|