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Hong Kong (China) Full Year 2018: Toyota and Mercedes improve, Tesla shuts down in market down 7.3%

Mercedes is the #2 brand in Hong Kong.

Consult one decade of Hong Kong historical data here.

New car sales in Hong Kong are counted separately from Mainland China, and in 2018 they drop 7.3% to 34.585. Toyota (+10.2%) easily cements its brands leadership, going against the grain to post a splendid double-digit uptick and improving its share by almost four percentage points from 19.4% in 2017 to 23.1% this year. #2 Mercedes (+8.1%) also markedly improves on 2017 to 16.5% share but BMW (-15.5%) is in difficulty at #3, still managing an outstanding 11.3% share. Nissan (+33.7%), Honda (+20.5%) and Lexus (+16.9%) post the largest gains in the Top 10 while further down McLaren (+104.8%), Renault (+83.3%), Rolls Royce (+34.5%), Infiniti (+32.2%), Subaru (+22.8%), Mitsubishi (+18.2%) and Volvo (+16%) all score fantastic gains. At the other end of the scale, Tesla (-96.8%) falls into oblivion from #4 in 2017 to #24 this year, as the capping on the tax waiver for electric vehicles was substantially lowered in 2017.

Previous year: Hong Kong (China) Full Year 2017: Tesla snaps 10% share – 79% in March

Full Year 2018 Top 43 All-brands ranking vs. Full Year 2017 figures below.

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