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Hong Kong (China) November 2019: Tesla up to #3 and 11.5% share in market down -18.5%

Tesla is back on the Hong Kong podium for the 2nd time in the past 3 months.

The Hong Kong new car market logically retracts -18.5% year-on-year in November to 3.100 registrations as social movements in the territory continue to cripple dealership activity. The year-to-date tally is now down -9.1% to 35.007 units. Toyota (-24.5%) easily remains the most popular carmaker in the country at 28.6% share vs. 32.1% year-to-date, despite falling faster than the market. Mercedes (+9.3%) defies the market with a sturdy gain keeping it at #2 overall while Tesla (+4375%) takes full advantage of Model 3 deliveries to climb two spots on October to #3 with 11.5% of the Hong Kong market for the month, crossing the 1.000 unit mark year-to-date for a 3.1% share at #7. Lexus (-46.8%), BMW (-44.3%), Audi (-43%), Nissan (-37%) and Honda (-32.8%) are hit the hardest in the remainder of the Top 10 whereas Suzuki (+117.2%) more than doubles its sales to #9. Below, McLaren (+400%), Rolls Royce (+300%), Alfa Romeo (+200%) and Volvo (+25%) post the only other year-on-year gains in market.

Previous month: Hong Kong (China) October 2019: Tesla ranks 5th, holds 7.3% share of market down -27.1%

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

Full November 2019 Top 35 All-brands ranking below.

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