China（CAAM): Strong sales of luxury cars in 1H: Benz, BMW, Audi
Shanghai
August 16, 2019
China 1H 2019: Auto sales
The number decreased by 12.4% year-on-year to 12.32 million units, a double-digit decrease (see article on August 1, 2019)
China 1H 2019: Luxury car sales (see Table 1)
On the other hand, luxury vehicle sales are showing a double-digit increase.
In 2019, sales of luxury cars will continue to increase.
First-half sales exceeded 1.4 million units, up 7.2% from the previous year.
China 1H 2019: Sales by manufacturer (see Table 2)
Mercedes-Benz, BMW, and Audi, three German-affiliated companies are leading luxury vehicle sales.
Among US cars, General Motors (GM) Cadillac increased sales.
followed by Lexus and Volvo.
As each company’s price cuts made it easier to purchase luxury car brands, the number of luxury car sales is growing (“Securities Daily” August 7).
-JETRO
https://www.jetro.go.jp/biznews/2019/08/ca2d9ea3b61e0ec4.html