The China Passenger Car Market Price Index is a market research report on the price of passenger cars jointly developed and published by China Association of Automobile Manufacturers and JD Power China on the sampling results of 176 models of 18 provinces. The car price index includes 16 market segments in the mainstream car and luxury car market. After scientific calculation, the price index of passenger car is obtained.
September 2017 Overview of China Passenger Car Price Index
Passenger car market prices experienced a slight rebound in August.According to the JDPower market research results, in September the passenger car price index fell 0.2% to 94.9%, with the price index in July this year, also the lowest for the year Price level.
The price index of the mainstream car market declined only 0.1% from August, while the price index of the luxury car market dropped by 0.6% to 92.3% in September. The decline of the luxury car market has also become the price index of the entire passenger car market Decline the main factor.
Compared with the car market, SUV market decline even more apparent.Most car market, the largest decline in sedan market segment for medium-sized high-end sedan market, down 0.4%; and compact SUV market, reached in the mainstream car market The highest drop, from 91.1% in August to 90.1% in September.In the luxury car market, the price indices of compact, medium-sized and large luxury SUVs all declined while in the car segment, medium-sized luxury Car rise situation.
Among the compact high-end sedans, the market share of each model was basically stable in September, while the price index of compact high-end sedans rose slightly, from 98.8% in August to 98.9% in September.
Among midsize sedans, the price index of midsize sedans increased 0.4% to 94.6%. The share of Volkswagen Jetta and Chevrolet Kevitz in midsize sedans was still rising, and the prices of these two models were moderate in this market segment Level, the overall market growth significantly.
In the compact SUV market, the price index fell by 1.0%, mainly due to the acquisition of Geely Bo Yue. Geely Bo Yue in the compact SUV market prices at a low level, while the model market share in September rose sharply, plus Prices on the slight decline, along with other cars with the price decline, driving down the compact SUV market price index.
In luxury car market, medium-sized luxury sedan is the only rising market segments, BMW 5 Series after undergoing upgrading, force started in September, and gradually resumed market share in this market.On the other hand, medium-sized Audi A6L, another major model of the luxury sedan, rose to its normal level in the first half of September, bringing together the 2.5% price index increase of mid-size luxury sedan in September.