'The national passenger car market price index is 94.2%, showing a seasonal decline'
The price of the passenger car market experienced a decline at the end of 2017. According to the JD Power market survey results, before the Spring Festival of 2018, passenger car prices also showed a slight decline. The passenger car price index in January was 94.2%. Decline by 1%.
The price index of the mainstream car market decreased by 1.1% compared with December of 17th, and the price index of the luxury car market only fell by 0.4% in January to 92.8%. In contrast, the luxury car market saw a smaller decline.
'The car, SUV market showed a downward trend'
Similar to the overall market, the price indices of the sedan and SUV markets have declined to varying degrees. In the mainstream car market, compact cars and large SUVs have maintained a rise in the price index, with increases of 2.2% and 1.3% respectively; the mainstream car market. The other secondary market segments in China have experienced various degrees of decline. In the luxury car market, only the large luxury SUV market has risen slightly, with a rise of 1.2%.
Most of the small-sized SUVs are domestic models. At the beginning of 2018, the overall prices showed a decline, which was also the largest decline in the market segment, a decrease of 2.1%.
In the compact luxury car, there was a slight decline in January, which was 0.3% lower than in December 2017. The prices of the BMW 3 Series and Audi A4L decreased slightly.
October 2017 - January 2018 China's passenger car market price index
China Passenger Car Price Index
China's passenger vehicle market price index is a result of a sample of 176 models from 18 provinces, sampled by the China Association of Automobile Manufacturers and J.D. Power China, jointly developed and published a market research report on the price of passenger cars.
China's passenger car price index includes 16 market segment indices for the mainstream and luxury car markets. After scientific calculations, the passenger car price index was obtained.