11 manufacturers including Chery Automobile have shared Chinese wholesales volumes for the first three weeks of July.
According to figures released by the China Association of Automobile Manufacturers (CAAM), wholesales of new vehicles in China surge by a spectacular 36.5% year-on-year to 942.000 units over the first 20 days of July across a selection of 11 local manufacturers, indicating the post-pandemic recovery is still gaining traction. Passenger Vehicles (cars, SUVs and MPVs) surge 33.6% to 825.000 while Commercial Vehicles continue to gallop ahead at +61.7% year-on-year to 117.000 units. These volumes are not for the entire industry however, but 11 Chinese automakers that are easily accessible to CAAM analysts: Brilliance, BYD, Changan, Chery, Dongfeng, FAW, GAC, Geely, Great Wall Motor, JAC and SAIC. Over the First Half of 2020, we estimate these manufacturers accounted for roughly half the Chinese Passenger Car market.