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·In 2017, the import of automobiles exceeded 1.2 million parallel imports and the growth rate was nearly 30%.
In 2017, China imported a total of 1.216 million vehicles, a year-on-year increase of 16.8%. Wang Cun said that the rapid growth of China's imported car market in 2017 was mainly due to the rapid development of parallel imports. In addition, some new brands have entered the Chinese market and contributed to the growth of imported cars.
Among them, parallel imported cars reached 172,000, an increase of 29.8%. The industry believes that such high growth in parallel imports is mainly due to the support of national policies. In the future, if the after-sales problem is solved, parallel imported cars will face a better development situation.
Recently, the China Automobile Dealers Association released data showing that in 2017, China's automobile imports totaled 1.216 million units, an increase of 16.8%. The circulation association said that China's imported car market has gone out of the decline caused by inventory in two consecutive years in 2015 and 2016, and supply has resumed relatively high growth.
Wang Cun, director of the Import Vehicle Committee of the China Automobile Dealers Association, said that the rapid growth of China's imported car market in 2017 was mainly due to the rapid development of parallel imports. In addition, some new brands have entered the Chinese market and contributed to the growth of imported cars.
In terms of sales volume, in December 2017, China imported a total of 84,000 imported cars, down 5.6% year-on-year; in 2017, the cumulative sales of imported cars reached 904,000, a slight increase of 0.6%. Wang Cun said that in 2017, China's imported car market reversed the downward trend for two consecutive years, but the degree of recovery is relatively small.
Affected by this, the inventory of the imported car industry is at a relatively stable level, and the market supply and demand are in a balanced state. The data shows that in December 2017, the inventory of imported vehicles was 3.4 months, which was basically the same as that at the end of 2016. In December, the depth of inventory of import distributors was 1.45 months, slightly lower than the reasonable level of 1.5 months. Wang Cun said that in the first four months of 2017, imported cars were in the state of replenishing stocks, and the inventory level rebounded, and then returned to the normal situation. As of December 2017, the level of imported car stocks was relatively reasonable.
Among the top 10 imported cars in 2017, only Audi has seen a decline, and other brands have achieved growth. Among them, Lincoln and Volkswagen have a higher growth rate, with an increase of more than 70%. Wang Cun said that the ranking of imported cars in 2017 was basically stable. The high-speed growth of Volkswagen imported cars has been more thorough in the past two years, so the inventory is larger. Audi is affected by the “re-joint venture†incident, and the import volume has declined. The BMW X3 is going to be domestically listed this year, so the import volume is very reduced. obvious.
Specific to the model, the three major models of passenger cars in 2017 have achieved growth. Among them, the car increased by 18.5%, the MPV increased by 34%, and the SUV increased by 14.3%, basically achieving balanced growth. However, the proportion of SUVs in 2017 was less than 60%, which was lower than that of the previous two years, and the share of cars has increased.
It is worth noting that in 2017, new energy imported cars grew rapidly. The data shows that in 2017, China's new energy imported cars were 22,000 units, a year-on-year increase of 38.2%. Wang Cun said that in 2017, the new energy vehicles are mainly composed of pure electric and plug-in hybrid models. Among them, pure electric vehicles accounted for 84.6%, mainly driven by Tesla. In 2017, Tesla imported 17,000 vehicles, up 51.6% year-on-year; plug-in hybrid models accounted for 16%, mainly BMW. The X5 and other traditional brand models are composed.
As the main growth driver of imported cars, parallel imported cars have grown by a large margin in 2017. The data shows that in 2017, 172,000 vehicles were imported in parallel, an increase of 29.8% year-on-year, accounting for 14.2% of the total imported vehicles. Among them, SUV is the absolute dominant model of parallel imports, accounting for more than 80% in the past four years. The industry believes that such high growth in parallel imports is mainly due to the support of national policies. In the future, if the after-sales problem is solved, parallel imported cars will face a better development situation.
It is worth mentioning that the brand characteristics of the parallel imported car market are significant. In 2017, Toyota, Nissan, Land Rover, Mercedes-Benz and BMW accounted for 89% of parallel imported cars, up 6.3 percentage points over the same period last year. Among them, Toyota's single brand accounted for 42%, but the market share fell 11.2%. Wang Cun said that Toyota's market share decline was due to the sudden emergence of Nissan's Tule. The model sold only 4,000 vehicles in 2016 and increased to 24,000 in 2017, with a growth rate of 500%.
Contrary to the imported cars as a whole, parallel imported cars have large displacement models. The data shows that in 2017, the share of 2.0-liter to 4.0-liter displacement in parallel imported cars is close to 90%. Among them, the 3.0-liter to 4.0-liter model increased from 30% in 2016 to 38%. Among the parallel imported cars in 2017, Toyota has the most models. Among them, Prado ranked first, land cruiser ranked third, in addition, Toyota also has an MPV Saina to enter the list; the second is Nissan Tour, the fifth is the BMW X5. In addition, Land Rover and Mercedes have two models into the list, while Ford Mustang ranked tenth. Overall, except for the import volume of Prado and Ford Mustang, the other models have risen.