China Light Vehicle Production YTD July 2015 – weak Sedan segment further slows down growth

July has been an especially challenging month for the Automotive industry in China. The latest CAAM data shows a YoY decrease in production in July 2015 compared to July 2014 by -12.1%, mainly driven by the slow sedan segment with -27% YoY growth.

This weak monthly development brings down the overall growth in Passenger Vehicle segment to 4.0% YTD, 11.63 million produced cars compared to the 11.18 million of same time frame in the previous year. Combined with the weak LCV segment (-8.5% YTD growth), the total Light Vehicle production in China thus only grew by 2.4%, from 12.78 million units to 13.10 million units YTD July.

 

Light Vehicle Production China YTD July 2015 - Source: CAAM

Light Vehicle Production China YTD July 2015 – million units – Source: CAAM

 

Passenger Vehicle Production China YTD July 2015 - Source: CAAM

Passenger Vehicle Production China YTD July 2015 – million units – Source: CAAM

Leave a Comment