skip to Main Content

China January 2016: Baojun 560 threatens Haval H6 for SUV title

Baojun 560 China January 2016. Picture courtesy IfengThe Baojun 560 passes the symbolic 40.000 monthly sales milestone for the first time.

* See the Top 67 All-brands and Top 370 All-models (China-made) by clicking on the title *

The impact of last October’s tax cut is weakening with Chinese new car sales up 8% in January to 2.5m units after surging 24% in November and 17% in December. Aggressive promotions during the pre-holiday sales season ahead of the Lunar New Year helped the market up. Passenger cars are up 11% to 2.17m sales whereas commercial vehicles are down 3.5%. Segment evolutions we witnessed in 2015 continue onto the new year and even accentuate: Chinese carbuyers’ hunger for SUVs seems unquenchable: the segment is up another 63% year-on-year in January to 795.654 units, the 2nd-ever largest SUV monthly volume in China just below the 803.491 hit last December. At 264.531 sales, MPVs are up 18% on a January 2015 score that was an all-time record at the time. Sedans and hatchbacks continue to be less and less favoured at -10% this month to 1.113.039 sales. In January, SUVs are at 71% of the sedans sales level: this ratio was 62% just last month.

Ford Edge China January 2016. Picture courtesy cheshenghuo.comFord Motor Co. is up 36% thanks to its SUV lineup. 

Back to the Chinese pole position in 2015, General Motors stays there in January with sales up 7% to 421.023 sales as Buick (+36%) and Baojun (+147%) compensate for Chevrolet (-36%) but Volkswagen Group is up at double the rate: +14% to 400.100. With no visible emissions scandal effect, the Volkswagen brand gains 15% (CAAM however reports China-made sales down 5%) while Skoda is up 9%. Ford Motor Co. stuns with a spectacular 36% jump to 130.832 units on the back of booming SUV sales at +75% to 37.411 while Toyota (+32%) and Honda (+21%) are almost as impressive. Hyundai (-27%), Peugeot (-21%) and Kia (-12%) give us some worry.

Mercedes S-Class Coupe China January 2016. Picture courtesy autohome.com.cnMercedes surges 52% in January in China. Can it pass Audi this year?

Among luxury brands, Audi is up 6% to 54.402 sales and BMW up 8% to 43.441 units but once again Mercedes trumps them both, galloping much faster with sales up 52% to 42.671 vehicles. At this rate Mercedes will pass BMW in the coming months and will be well above Audi in a year’s time. Yes you read that right, Mercedes could end decades of Audi domination in the Chinese luxury segment in 2017, and with the GLC and GLE hitting Chinese dealerships this year, it is actually not at all beyond the realm of possibles.

Wuling Hongguang SI China January 2016. Picture courtesy auto.sina.com.cnOver 70.000 Wuling Hongguang found a new Chinese home this month. 

Given its gigantic size, the Chinese market would be forgiven if it displayed an extremely stable models ranking month after month. But it doesn’t, making it one of the most interesting markets to follow. Below the Wuling Hongguang (70.002) and VW Lavida (55.765) virtually immobile year-on-year, three superstar Chinese nameplates delight once again. First observation: 4 of the 5 best-selling vehicles in China are Chinese this month, something that hasn’t happened since microvans ruled the roost here – seems like a decade ago but it was still the case in 2013 – and a first as far as passenger cars are concerned.

FAW Besturn B30 China January 2016. Picture courtesy auto.163.comGood start for the FAW Besturn B30.

Passenger cars above 40.000 monthly Chinese sales:

ModelLaunch1st 40.000+Months
Baojun 560Jul-15Jan-167
Baojun 730Aug-14Dec-1517
Wuling HongguangSep-10Jan-1329
VW LavidaJul-10Jan-1331
Haval H6Apr-11Nov-1555
Nissan SylphyJan-06Dec-15120

The Haval H6 posts its third consecutive (and ever) month above 40.000 units at 42.188, but behind this splendid performance hides a fragile situation: ending January with almost identical scores are the Baojun 730 (40.015) and Baojun 560 (40.002) – meaning Baojun places more models in the Top 5 than Volkswagen, or any other brand for that matter. The 730 lodges only its 2nd month at this level after a record December (47.690) but the 560 score is absolutely phenomenal, making it the fastest nameplate to reach this level of sales in the history of automobile sales in China (see table above).

Chery Tiggo China 2011. Picture courtesy of autocosmos.comThe Chery Tiggo is the last Chinese SUV to have threatened Great Wall/Haval’s domination at home (in 2011).

The 560 could soon become China’s best-selling SUV, putting an end to the Haval H6’s implacable domination. The H6 has been the #1 SUV overall without interruption for two years, and the #1 Chinese SUV for almost four years, since April 2012 when it was outsold by the Great Wall Hover H5. The last time the #1 Chinese SUV at home wasn’t a Great Wall or Haval was in August 2011, when the Chery Tiggo sold 10.379 units vs. 9.009 for the Great Wall Hover H3/H5… Haval is the uncontested best-selling SUV brand in the country, but not having the #1 SUV nameplate wouldn’t look good on the company’s resume…

GAC Trumpchi GS4 China January 2016First month above 30.000 monthly sales for the GAC Trumpchi GS4.

The SUV craze continues below, with the GAC Trumpchi GS4 (30.512), ChangAn CS75 (27.148), Buick Envision (25.916), Honda XR-V (14.762), Zotye X5 (12.266), Soueast DX7 (9.250), Jeep Cherokee (8.307), JAC Refine S2 (8.073), Beijing Auto Senova X25 (8.066), Changfeng Leopaard CS10 (7.530), Beijing Auto Senova X55 (6.492) and Beijing Auto Huansu S6 (5.150) all beating their volume record this month…

Roewe 360 China January 2016. Picture courtesy auto.sohu.comThe 360 is now Roewe’s best-seller in China. 

In the other segments, the Dongfeng Fengxing S500 (MPV) confirms it is an instant blockbuster with a 2nd month above 10.000 sales (11.307) in as many months on sale. Despite the format’s recent fall out of fashion in China, some recently launched sedans manage to score big and break records, such as the Roewe 360 (8.437), now the brand’s best-seller, the FAW Besturn B30 (6.219) – a welcome breath of fresh air for the embattled state-owned manufacturer, the prestigious Geely GC9 crossing a new milestone at 6.001 sales and the Ford Taurus (5.557) posting a very solid debut.

Full Year 2015 posts:

China Full Year 2015: Discover the Top 137 All-brands (BSCB Exclusive)

China Full Year 2015: Market up 4.7% to record 24.61 million despite sluggish summer

China LCV Full Year 2015: Sales transfer to mini pickups boosts Wuling Mini Truck to #1

Previous month: China December 2015: Tax cut lifts market up 17% to all-time record

One year ago: China January 2015: Market up 7% to 2.3 million units, Haval H6 on podium

Full January 2016 Top 67 All-brands and Top 370 All-models (China-made) below.

China January 2016 – brands (China-made, no imports or CV):

Note: these figures differ from the body of the article because they don’t include imports and are sourced by CAAM, not manufacturers directly.

PosBrandJan-16/15DecFY15
1Volkswagen304,879-5%11
2Buick123,09536%33
3ChangAn115,206-6%146
4Toyota97,62255%64
5Ford97,33417%78
6DongFeng86,27825%1513
7Honda84,94046%25
8Baojun82,127147%1017
9Hyundai75,236-27%42
10Haval74,16515%1210
11Beijing Auto (BAIC, BAW)71,86761%815
12Wuling71,802-1%119
13Nissan71,1413%57
14Geely60,1382%1614
15Audi55,27517%1916
16Kia49,258-12%912
17JAC47,87157%2121
18BYD43,2052%1718
19Chevrolet42,351-37%1311
20Chery38,7935%1819
21Peugeot35,059-21%2020
22GAC Trumpchi33,150201%2930
23Zotye31,20161%2328
24Skoda30,7509%2223
25Mercedes29,25653%2525
26Haima28,99343%2831
27Citroen28,0103%2422
28BMW27,656-7%3024
29Mazda23,36510%3226
30Suzuki23,006-12%2629
31Brilliance20,642105%2732
32FAW18,226-38%3127
33Roewe15,26464%3435
34Soueast11,68349%3540
35Venucia11,161-13%3334
36Jeep8,307new4863
37MG8,282209%3638
38Landwind8,008256%4446
39Changfeng7,895834%4045
40Hawtai7,73720%4137
41Luxgen7,568-16%5042
42Weichai7,207new4754
43Jinbei6,449454%4348
44Volvo6,40228%4239
45Karry (Chery)6,243265%3844
46Cadillac6,222128%4943
47Great Wall6,028-54%4536
48Yema5,000248%5147
49Changhe3,53165%5251
50Lifan3,025-82%3733
51DS2,44443%5653
52Infiniti2,15798%5550
53Fiat2,059-42%5749
54Qoros2,009186%5958
55Mitsubishi1,866-73%3941
56Zhongxing (ZX Auto)1,651-10%6056
57JMC1,368-39%5855
58Maxus1,16416%6259
59Foton7633%6464
60Jonway500-28%6565
61FQT Motor378new
62Jiangnan307-54%6162
63GAC Gonow240-94%6752
64Ciimo20542%6970
65Denza204787%6369
66Huasong67new5461
67Huanghai30-95%6867

China January 2016 – models (China-made, no imports or CV):

PosModelJan-16/15DecFY15
1Wuling Hongguang70,002-1%11
2VW Lavida55,7650%32
3Haval H642,18817%43
4Baojun 73040,01533%25
5Baojun 56040,002new842
6VW Jetta35,2540%239
7Buick Excelle GT34,72866%76
8VW Santana34,46221%178
9VW Sagitar31,2531%147
10GAC Trumpchi GS430,512new2446
11VW Tiguan27,622-16%3611
12ChangAn CS7527,14872%2923
13Buick Envision25,916178%2132
14JAC Refine S324,73423%1621
15Toyota Corolla24,55554%1012
16Chevrolet Cruze24,292-7%1113
17Ford Escort24,27529%2216
18Dongfeng Fengguang 330/37024,06735%1833
19VW Golf22,874-12%3922
20VW Passat22,803-22%4219
21Geely EC722,512-8%1918
22Ford Focus21,504-29%3314
23ChangAn CS3520,806-6%5827
24Chana Honor19,049-18%8944
25VW Polo18,295-13%5925
26ChangAn Eado18,265-20%4724
27Hyundai Elantra Langdong17,875-36%610
28Nissan X-Trail17,32852%3029
29Haval H217,26814%3128
30VW Magotan17,151-32%6036
31Beijing Auto Weiwang M3017,07370%2041
32VW Bora16,848-23%3220
33Brilliance V316,693new2682
34Buick Excelle16,617-26%2526
35Skoda Octavia16,2687%4138
36Nissan Sylphy16,084-37%54
37VW Lamando15,295166%6467
38Haima S515,059127%7893
39Ford Kuga14,95124%4945
40Honda CR-V14,94233%3434
41Dongfeng Joyear SUV14,766new7277
42Honda XR-V14,762140%7055
43Beijing Auto Huansu S314,698-10%2830
44Geely Vision14,64621%5552
45Buick Verano14,603new43124
46Toyota Levin14,44758%5151
47Zotye T60013,62627%4450
48Kia K213,232-12%3531
49Audi A6L13,209-13%6239
50Toyota Camry13,209-3%8548
51BYD F313,092-8%4843
52Mazda3 Axela12,99442%10572
53Ford Mondeo12,73519%4654
54Hyundai Verna12,648-52%917
55Kia K312,424-26%1535
56Toyota Vios12,33369%5760
57Audi A4L12,2762%7359
58Audi Q512,27554%7961
59Zotye X512,266new71185
60Honda Vezel11,99827%3749
61Dongfeng Future11,475-7%10958
62Dongfeng Fengxing S50011,307new68255
63Buick LaCrosse11,059-5%8876
64BMW 5-Series L11,016-34%8040
65Chery Tiggo 310,98516%3853
66Nissan Lannia10,933new50173
67BYD S710,876111%6964
68Geely King Kong10,57530%142110
69JAC Refine10,566112%139108
70Dongfeng Fengshan AX710,56531%17397
71Ford Edge10,519new5394
72Haval H110,46339%6184
73Kia Sportage R10,18045%6379
74Beijing Auto Huansu H310,068new81213
75Hyundai Tucson10,0021664%54113
76Mercedes C-Klasse L9,98366%6575
77Chery Tiggo 59,78661%8288
78Peugeot 308/308S9,535-25%8470
79Hyundai Mistra9,434-33%4037
80Nissan Teana9,4066%6762
81Honda Fit9,32626%5671
82Soueast DX79,250new92164
83BMW 3-Series L9,1146%7669
84Audi A38,96476%11496
85Buick Regal8,693-27%9663
86Audi Q38,56121%11587
87Toyota Yaris L8,54417%17295
88Hyundai ix258,541-7%7468
89Nissan Qashqai8,47872%75105
90Roewe 3608,437new110183
91Jeep Cherokee8,307new129274
92Citroen C3-XR8,291175%9792
93Chery 28,07316%9198
94JAC Refine S28,073new122175
95Beijing Auto Senova X258,066new134302
96Toyota Highlander8,010409%9383
97Landwind X5/X6/X8/X98,008261%119135
98ChangAn Benben7,89411%170129
99Citroen C-Elysée7,860-7%10273
100Peugeot 4087,853-6%6665
101Toyota RAV47,812149%5257
102Mercedes GLA7,788new117137
103ChangAn Yuexiang V37,771-9%n/a117
104Honda Crider7,7384%2756
105Changfeng Leopaard CS107,530new112148
106BMW X17,52668%167140
107Chevrolet Sail7,486-66%1215
108ChangAn Yuexiang V5/V77,140-22%18885
109Hyundai ix357,025-31%8766
110Haima M5 (Family)6,9031%99123
111Buick Encore6,8655%11178
112Skoda Rapid6,8320%121109
113Peugeot 30086,73027%11891
114BYD Song6,513new126238
115Beijing Auto Senova X556,492new229363
116Venucia T706,4671691%9499
117Citroen C-Quatre6,398-24%10690
118Luxgen 6 SUV6,360-17%153127
119Peugeot 3016,323-16%10189
120MG GS6,281new120133
121Karry K506,243332%90126
122FAW Besturn B306,219new158269
123Mercedes GLK6,006-3%140101
124Geely GC96,001new137154
125Ford Ecosport5,994-14%132111
126Ford Taurus5,557new141292
127Weichai Enranger 7375,553new143235
128Jinbei 7505,518new128203
129Honda City5,370292%98122
130Kia KX35,336new100128
131Nissan Sunny5,246-43%4574
132Suzuki Beidouxing5,2031%86121
133Mercedes E-Klasse L5,202-24%127104
134Beijing Auto Huansu S65,150new161299
135BYD F5 Surui5,0544%108100
136Dongfeng Fengshan A605,006140%181252
137Geely GX74,949-36%144106
138Suzuki Vitara4,879new152315
139FAW Besturn B504,833-33%176107
140Chevrolet Trax4,8151%116120
141Mazda CX-54,796-10%210132
142Honda Accord4,779-8%1347
143Great Wall C304,6882%155151
144Hyundai Sonata 84,65688%13086
145Roewe 3504,631-37%159115
146Buick GL84,614-41%12581
147Yema T704,500650%145150
148Haima M34,4279%169160
149Changan Oushang4,206new264379
150Volvo XC604,03849%163147
151BYD Tang4,012new138211
152Venucia R50/D503,941-62%124118
153VW CC3,863-20%185158
154Honda Civic3,83487%175153
155Peugeot 20083,743-53%150125
156Chery E53,5392126%303257
157Changhe Freedom M503,53165%147181
158Suzuki Liana3,5074%113171
159VW Touran3,394-19%222155
160Hyundai Santa Fe3,387241%174152
161Honda Greiz3,370new103242
162Skoda Yeti3,190321%135192
163Honda Odyssey3,18439%95131
164Hawtai Shengdafei3,01628%164146
165Cadillac XTS2,960223%180196
166Cadillac ATS-L2,94463%192163
167JAC Refine S52,82973%243166
168Kia K52,691-6%136143
169Chery E32,681-36%133144
170Kia K42,658-61%83102
171Dongfeng Fengshan AX32,508new
172Toyota Prado2,495737%178186
173Citroen C4L2,457-45%168139
174FAW Junpai D602,451-41%184169
175Mazda6 Atenza2,407-22%148138
176Haval H52,298-2%191190
177Suzuki Swift2,229-31%265197
178Beijing Auto Huansu H22,184new177208
179Skoda Superb2,18125%197174
180Suzuki S-Cross2,094-56%226162
181Citroen C42,091new199279
182Volvo S60L2,0211%186179
183Chevrolet Captiva2,01531%156156
184Brilliance H3302,010-58%157141
185Honda Spirior2,00664%179193
186Suzuki Alivio1,982-39%208202
187Toyota Corolla EX1,950-24%165130
188Chevrolet Lova RV1,895new154316
189Suzuki Alto1,882-50%246180
190Nissan Murano1,8634233%195247
191Hawtai Santa Fe1,86219%212267
192Toyota Reiz1,854232%242187
193Chevrolet Malibu1,847-84%13180
194Roewe 5501,82847%225217
195Wuling Journey1,800-10%193189
196Chery QQ1,796-57%189191
197Zotye Z3001,782-44%256233
198Mazda61,775-31%221170
199Baojun Yuechi (Spark)1,75025%293249
200Beijing Auto Senova X651,739new220195
201Dongfeng Fengxing Jingye S501,700new254262
202Weichai Enranger G31,654new267287
203Zhongxing GX31,651new232248
204Beijing Auto E-Series1,64661%218215
205Hawtai Lusheng E701,5865%252218
206DS 61,58411%209230
207FAW Xiali N3/N5/N71,583-65%183176
208Toyota Crown1,5431398%151178
209GAC Trumpchi GS51,531-66%285177
210Honda Elysion1,510242%263280
211Honda Jade1,508-56%123114
212Infiniti Q50L1,50338%216214
213Mitsubishi ASX1,501-74%104119
214FAW Daihatsu Xenia1,49362%n/a245
215Lifan Lotto1,458new224244
216Zotye Z1001,44713%187198
217Kia Sportage1,434-26%146168
218JAC Tongyue1,427663%223251
219Soueast V5 Lingzhi1,406-29%207227
220Ford Fiesta1,384-61%240228
221JMC Yusheng1,368-39%200206
222Dongfeng Fengshan A301,364-58%291246
223Great Wall C501,340-53%204204
224Hawtai B111,273935%352382
225Fiat Viaggio1,255-55%230200
226Skoda Fabia1,245-33%227219
227Haima S7 Knight1,242-36%211210
228Suzuki SX41,230-31%206231
229Beijing Auto Huansu S21,194-75%236222
230Maxus G101,16416%241236
231Geely Panda1,139-64%272165
232Chery Arrizo 71,136279%194194
233Brilliance V51,133-72%253172
234Beijing Auto Senova D501,125-84%77103
235Qoros 3 SUV1,121436%237277
236Haima M61,118new248253
237Beijing Auto Senova D201,102-70%166161
238ChangAn Ouliwei1,100-84%213145
239MG 31,09782%201232
240BYD F01,070-30%247226
241Zotye Z5001,059-68%266220
242Skoda Rapid Spaceback1,034-43%262239
243Haval H81,020new255268
244ChangAn CX20968-83%235142
245Hyundai Elantra Yuedong964-89%309136
246Jinbei Granse931-20%250250
247Haval H9928-70%257237
248Citroen C5913-67%215199
249Nissan Livina907-69%214188
250Soueast V3 Lingyue905-84%239205
251Dongfeng Fengdu MX6902new260234
252Qoros 388880%279288
253Peugeot 508875-64%231223
254Kia Forte Furuidi838-77%276182
255Fiat Ottimo8049%261259
256BAW (Beijing) BJ212802n/a273304
257ChangAn Raeton799-11%301278
258Toyota E’Z Yizhi799-45%330264
259BYD G5762-83%219216
260Dongfeng Joyear MPV761-97%345157
261Dongfeng Shuai743-28%244261
262MG GT726-60%299276
263Luxgen 5 Sedan72348%283275
264FAW Weizhi V5698-17%268273
265GAC Trumpchi GA3S688-87%310201
266BYD e668662%202283
267Nissan NV200673-46%281265
268DS 5LS655262%282309
269Infiniti QX50654new249272
270Venucia R30643-65%280271
271Lifan X50633-71%217167
272Hyundai Elantra629-53%251241
273Mazda CX-7625495%270318
274Honda Crosstour6132%203240
275Zotye E30610new290384
276Dongfeng Fengshan L60587new302301
277Brilliance H22053398%372333
278BYD Qin517-73%228159
279Jonway A380500-28%289284
280Yema F1650031%321332
281Dongfeng Fengshan H30/S30497-70%341296
282Mazda3 Xingcheng486-44%322285
283FAW Besturn B70480-84%233207
284Lifan X60476-93%196134
285Foton MP-X461-35%288305
286Luxgen 7 SUV446-44%317321
287Lifan 820424new278297
288Kia Cerato419-72%286254
289Chery eQ39010%205282
290FAW Besturn X80380-95%107112
291FQT Motor EX80378new
292Changfeng Leopaard Q6365new258320
293Baojun 630360-80%190184
294Ford Everest347new182310
295Volvo XC Classic343502%297349
296Cadillac CT6318new
297Jiangnan Alto307-54%234266
298BAW (Beijing) B403070%318322
299BYD S6282-95%245209
300Geely Freedom Ship260-79%358256
301BYD e5256new274367
302Zotye TT EV254new259351
303Mercedes Vito245125%292330
304Roewe W5229-58%312331
305Gonow Xinglang MPV220-93%326212
306Brilliance H230215-44%284317
307GAC Trumpchi GA6213-83%304263
308Mazda6 Ruiwing209n/a271328
309GAC Trumpchi GA5206-14%306344
310DS 520592%328372
311Ciimo Si Ming20542%347343
312Denza EV204787%269336
313Chery Arrizo M7191new315313
314Foton MP-X Midi168500%354406
315MG 6165-30%308338
316Zotye Z700157new
317Chery Cowin 2141-71%323300
318Nissan Paladin134-8%324356
319Foton Sauvana134new327380
320Haima M81233%359385
321Mitsubishi Lancer EX122-81%313325
322Soueast V6 Lingshi122103%320345
323Venucia Morning Wind110-36%314373
324Roewe 95011011%362
325Mitsubishi Pajero Sport100-59%277303
326Mitsubishi Galant991550%368407
327JAC Heyue92-95%353225
328BYD M685-57%336342
329JAC Heyue A3085-91%340314
330Chery Arrizo 375-98%349229
331Hyundai Sonata MoInca75-93%351286
332FAW Oley75-77%376371
333Mazda873-52%344357
334Beijing Auto Senova EV72new356400
335Haima Freema6910%370393
336Ford Mondeo Classic68-93%332295
337Nissan Tiida67-99%160116
338Huasong 767new162260
339JAC Yueyue65-85%311352
340BAW (Beijing) Warrior6288%369389
341ChangAn CS1560new362414
342Toyota Land Cruiser 20053104%348368
343Haima 2 Cupid52-79%361360
344Kia Soul46-88%337364
345Geely TX445-66%333355
346Luxgen 7 MPV39-34%355383
347Beijing Auto Senova CC38n/a357370
348Mercedes Viano3210%307359
349Huanghai Aurora30-95%331311
350Dongfeng Fengshan E30L30new350386
351Lifan 33028-98%300290
352BAW (Beijing) 00728-78%367376
353Brilliance FSV27-67%379353
354Brilliance H53025-94%339335
355Roewe E5025525%342391
356Mitsubishi Zinger25178%371397
357Nissan March22-88%364375
358Gonow Saboo G3/Aoosed G520-97%366294
359Mitsubishi Lancer19-95%316350
360Toyota Prius18-42%363392
361FAW Besturn B9014-92%365369
362MG 513-55%373358
363Geely EC811-98%346339
364BAW (Beijing) Luba10-38%380415
365Beijing Auto Senova D709-98%360366
366Brilliance Junjie FRV6200%295327
367Lifan 6205-100%238258
368Roewe 7504-76%375404
369Beijing Auto Senova D802n/a378417
370Lifan 7201-100%287243
371Chevrolet Epica1n/a428

Source: CAAM via chooseauto.com.cn

This Post Has 8 Comments
  1. Not really sure whether there’s a glitch or so but….:

    A lot of top selling VW models (Sagitar, Lavida, Golf, Tiguan, Polo) are all flat or seriously down, still the brand is up 14%!

    1. Hi Rick,

      No glitch and a few explanations:
      1. Volkswagen, as most manufacturers, now tends to report retail sales to organisations like CAAM. At the same time last year they were still reporting wholesales figures. CAAM figures show a year-on-year decrease of 5% (as per the table in the article) while Volkswagen is reporting a 15% increase (as per the body of the article). Volkswagen will report whichever (wholesales or retail) makes for a better result. Not that all clearcut in China!
      2. The imports can also play a role, however probably not as big as changing a negative year-on-year trend into a frankly positive one. My data tables exclude imports, manufacturers traditionally report sales including imports.
      Hope this helps explain…
      All the best,
      Matt

Leave a Reply

Back To Top