Dongfeng Nissan (including Nissan, Qichen, and Infiniti brands) sold 46,479 vehicles, up 5.39% month-on-month and down 24.99% year-on-year. Dongfeng Honda sold 23,803 vehicles in August, a year-on-year decrease of 59.67%, with a cumulative sales volume of 275,915 vehicles from January to August, a year-on-year decrease of 19.05%.
On September 11, Finance Network News (Reporter Zhang Yupeng) reported that on September 10, the China Association of Automobile Manufacturers released data. In August, the domestic sales of passenger vehicles were 1.744 million vehicles, an increase of 9.3% month-on-month and a decrease of 9.4% year-on-year; the export of passenger vehicles was 0.438 million vehicles, an increase of 9.7% month-on-month and a year-on-year growth of 25.6%. Among them, the domestic sales of traditional fuel passenger vehicles were 0.795 million vehicles, a decrease of 0.41 million vehicles compared to the same period last year, an increase of 7.1% month-on-month, and a decrease of 34.1% year-on-year.
Against the background of a slight increase in month-on-month traditional fuel vehicle sales and a significant year-on-year decline, some Japanese brands have finally halted the declining trend that has lasted for several months.
According to the latest sales data released by Nissan China, the sales volume in August, including both passenger vehicles and light commercial vehicles, was 49,204 vehicles, up 4.46% month-on-month and down 24.19% year-on-year. Among them, Dongfeng Nissan (including Nissan, Qichen, and Infiniti brands) sold 46,479 vehicles, up 5.39% month-on-month and down 24.99% year-on-year. From January to August, the cumulative sales volume in Nissan China, including both passenger vehicles and light commercial vehicles, was 435,603 vehicles, down 9.80% year-on-year.
Honda's sales in China also showed a slight rebound on a month-on-month basis. In August, Honda's cumulative sales volume in China's terminal automotive market was 56,959 vehicles, up 8.36% month-on-month and down 44.30% year-on-year; from January to August, Honda's cumulative sales volume in China's terminal automotive market was 525,432 vehicles, down 27.19% year-on-year.
Guangzhou Toyota, which has always played a leading role among Japanese joint venture brands, sold 63,028 vehicles in August, up 6.61% month-on-month and down 20.97% year-on-year. In terms of individual models, Camry, Siena, and Furlander sold 15,142 vehicles, 8,107 vehicles, and 15,994 vehicles, respectively, with cumulative sales of Furlander exceeding 0.4 million vehicles.
According to the latest production and sales announcement of GAC Group and Dongfeng Group, GAC Honda sold 32,839 vehicles in August, down 22.68% year-on-year, with a cumulative sales volume of 274,039 vehicles from January to August, down 26.81% year-on-year; Dongfeng Honda sold 23,803 vehicles in August, down 59.67% year-on-year, with a cumulative sales volume of 275,915 vehicles from January to August, down 19.05% year-on-year. As of the time of publication, FAW Toyota has not yet released its sales data for August.
According to the data from the China Automobile Dealers Association, retail sales of mainstream joint venture brands in August were 0.48 million vehicles, down 27% year-on-year and up 7% month-on-month. Among them, the market share of Japanese brands was 12.6%, a decrease of 4.2 percentage points year-on-year.
With the further efforts of the scrappage policy and the gradual introduction of local replacement policies, the national call to combat overwork, terminal prices have also begun to stabilize, consumer wait-and-see sentiment further easing, and the overall automotive market heat has rebounded. Cui Dongshu, Secretary-General of the China Passenger Vehicle Association, stated that with the changes in the energy structure of the electric vehicle market, the penetration rate surpassed 50% for the second month. "Overall automotive market trends are gradually diverging from the traditional rbob gasoline vehicle seasonal trends, with the August electric vehicle market heating up, continuing the trend of sustained strength in the second half of the year."