The BYD Qin Plus sells over 50,000 units in a month for the first time.

Based on data shared by the China Association of Automobile Manufacturers, the Chinese wholesales market is up 9.9% year-on-year in March to 2,694,000 units. This includes 2,236,000 Passenger Vehicles (+10.9%) and 458,000 Commercial Vehicles (+5.6%). The Q1 tally is up 10.6% to 6,720,000 including 5,687,000 Passenger Vehicles (+10.7%) and 1,033,000 Commercial Vehicles (+10.1%). The price war that has been affecting the Chinese market for over a year now accelerated further after the Lunar New Year holiday period, resulting in a wait-and-see attitude from potential buyers that has possibly prevented the market from growing even faster. The national government has recently launched a policy guidance targeting the auto industry aimed at boosting and widening car sales. This has materialised though specific events such as the “Hundred Cities Coordination” car festival and the “Thousands of Counties and Tens of Thousands of Towns” new energy vehicle shopping season.

Production is more timid than the wholesales market at +4% year-on-year to 2,687,000 including 2,250,000 PV (+4.7%) and 437,000 CV (+0.7%). Q1 output is up 6.4% to 6,606,000 including 5,609,000 PV (+6.6%) and 997,000 CV (+5.1%). Wholesales of New Energy Vehicles (NEVs) continue to vastly outpace the market at +35.3% to 883,000 units, with BEVs up 15.5% to 566,000 and 21% share of PC+CV, and PHEVs surging 95.1% to 317,000. Over Q1, NEVs are up 31.8% to 2,090,000 including 1,305,000 BEVs (+13.3%) and 784,000 PHEVs (+81.2%).

VW sales are down despite a strong performance by the T-Cross.

Data by the China Passenger Car Association (CPCA) shows slightly different wholesales figures but splits the PC data by segment. We therefore learn that cars wholesales edge up 4.7% to 949,000, MPVs up 6.7% to 101,000 and SUVs up 15.3% to 1,140,000. Year-to-date, cars are also up 4.7% to 2,368,000, MPVs actually drop -5.3% to 211,000 and SUVs soar 17.2% to 3,010,000. Looking at the Passenger Cars market only, Chinese-branded vehicles step up 23% year-on-year in March to 1,296,000 and 59.3% share vs. 52.1% in March 2023, 48.5% in March 2022 and 39.7% in March 2021. Exports are up 37.9% to a new record 502,000 in March including 424,000 PC (+39.3%). CV exports are up 31% to 78,000. Over Q1, exports soar 33.2% to 1,324,000 units including 1,110,000 PC (+34.3%) and 214,000 CV (+27.5%).

After falling to #2 over the first two months of the year, BYD (+34.9%) is back with a vengeance in March and outsells Volkswagen (-1.9%) by a whopping (and record) 86,000 sales. The highest previous gap between the two brands was 56,000 in November 2022. Many BYD models sport giant year-on-year gains, such as the Yuan Pro (+1105%), Destroyer 05 (+354.6%), Song Pro (+173.7%) and Han (+47.3%). On Volkswagen’s side, an overall negative result hides strong performances by the T-Cross (+106.3%), ID.3 (+100.6%), Passat (+61.3%), Teramont (+55.7%), Golf (+52.9%), Tavendor (+52.9%), ID.4 Crozz (+47.5%) and Tayron (+41.6%). In third place, Toyota (-7.8%) struggles despite the usual upticks by the twins Corolla Cross (+46.2%) and Front Lander (+60.9%) as well as the Highlander (+48.1%) and the bZ3 (+1818.2%) off a low base.

Mercedes is up to #5 brand overall.

Geely (+23.9%) is pushed up by the success of its Galaxy lineup, while Mercedes (+21.4%) surges to #5, the brand’s highest Chinese ranking since March 2020 (#5 also). Tesla (-18.6%) suffers year-on-year but climbs back up 7 spots on February to #6, its 2nd highest ever ranking below the #5 it hit a year ago in March 2023. Changan (-12.3%) and Honda (-26.4%) can’t catch the market’s growth while Audi (+6.3%) is soft. Nissan (+32.5%) excels at #10, as do Chery (+30.2%), Li Auto (+39.2%), Jetour (+117.4%), AITO (+571.8%) and Lynk & Co (+38.1%) below. Newcomer Qiyuan smashes its volume record by 56% to over 15,000 units and reaches a record 25th place. Leapmotor (+136%) and Zeekr (+95.3%) also impress further down. Finally iCar more than doubles its previous highest volume to over 3,600 sales.

Model-wise, the BYD Qin Plus (+25.3%) repeats at #1 and crosses the 50,000 monthly volume mark for the first time, eclipsing its previous best of 42,887 reached in March 2023. It is also #1 year-to-date. The Tesla Model Y (-12.8%) is #1 again and has sold over 100,000 units in three months, placing it at #2 YTD. BYD holds four of the next five spots, with the Song Plus (+16.9%) at #3, the new Seagull at #5, the Song Pro (+173.7%) at #6 and the Yuan Plus (-21.3%) at #7. The odd one out is the Nissan Sylphy (+28.1%) in great shape at #4. The VW Lavida (-13.1%) follows at #8 ahead of the Mercedes C-Class L (+46.3%) and BYD Han (+47.3%) closing out the Top 10 in fantastic fashion. #3 last month, the AITO M7 (+1288.7%) falls to #14 in March.

Previous month: China wholesales February 2024: Market down -19.9% on calendar quirk, VW stays #1, AITO M7 #3

One year ago: China wholesales March 2023: BYD places 4 models in Top 5, market up 9.7%

Full March 2024 Top 97 All brands and Top 530 All models below.

China wholesales March 2024 – brands:

PosBrandMar-24/23Feb2024/23PosFY231BYD245,381+ 34.9%2547,617+ 13.1%112Volkswagen158,968– 1.9%1482,657+ 9.1%223Toyota113,233– 7.8%3327,324– 5.0%334Geely  80,075+ 23.9%4283,274+ 40.7%455Mercedes63,600+ 21.4%9145,113– 0.4%10116Tesla62,398– 18.6%13132,420– 3.6%13127ChangAn (incl. Chana)60,592– 12.3%5246,302+ 5.1%568Honda59,937– 26.4%6234,915+ 7.3%649Audi56,138+ 6.3%11141,984+ 14.8%111010Nissan53,036+ 32.5%10147,429+ 12.8%9911BMW51,119– 12.3%8159,605+ 0.1%7712Wuling50,654+ 5.0%7158,235+ 7.1%8813Buick41,007+ 7.2%17104,937– 1.3%141314Chery36,134+ 30.2%12134,843+ 78.1%121415Hongqi32,978+ 15.6%1599,147+ 28.3%151816Aion30,700– 23.3%2365,003– 19.1%211617LI Auto28,984+ 39.2%1880,402+ 52.9%181718Haval28,093– 13.5%1690,154+ 0.9%161519Jetour25,000+ 117.4%1975,016+ 124.3%192420GAC 25,000– 17.1%2170,050– 5.2%201921AITO24,353+ 571.8%1482,447+ 609.8%174022DongFeng20,801+ 14.6%2261,348+ 22.8%222123Lynk & Co17,589+ 38.1%2556,556+ 60.0%242324Hyundai17,002– 27.7%2451,512– 14.3%252025Qiyuan15,230new3431,626new357126Leapmotor14,567+ 136.0%3533,410+ 217.9%293227TANK14,247+ 25.3%3238,733+ 65.9%273428COS13,328+ 0.9%2061,116+ 38.9%232229Ford13,312+ 13.6%2640,393+ 8.3%262630Zeekr13,012+ 95.3%3133,059+ 117.0%303731Volvo11,894+ 23.1%3332,548+ 6.5%343132NIO11,866+ 14.3%2830,053– 3.2%362933Cadillac11,508– 11.5%3633,022+ 1.5%312534Jetta11,507– 17.8%2932,566– 8.3%332835Denza10,279– 1.1%3823,804– 1.5%373536Beijing10,255– 24.5%4518,104– 28.5%433737Roewe10,099– 20.8%3034,953– 20.1%283037Shenlan/Deepal10,016+ 16.9%2733,008+ 75.5%323638Xpeng9,026+ 28.9%3921,821+ 19.7%383339Bestune7,822+ 42.4%4019,923+ 59.2%404340Kia7,608+ 24.2%3721,287+ 13.5%394441Mazda6,132+ 2.0%4319,296+ 38.8%414142Voyah6,122+ 102.2%4716,344+ 187.6%445043MG5,367– 12.4%3722,589– 1.1%373844Exeed5,154+ 89.5%4414,246+ 118.2%474945Lincoln5,107– 0.5%4813,672– 4.7%484546Chevrolet5,007– 63.6%4618,521– 46.0%422747Ora4,611– 17.2%5311,202– 6.2%494248AvatR4,366+ 96.6%557,763+ 37.3%556349Neta3,920– 38.4%4214,969– 33.3%463950Peugeot3,875– 17.6%768,020– 8.8%545251Geometry3,754– 20.7%4115,796+ 13.2%454752iCar3,602new804,571new659153Fang Cheng Bao3,550new5111,063new508154WEY3,312+ 159.8%509,257+ 185.8%535455Venucia3,267– 59.2%499,669– 48.1%514656Luxeed3,197new684,595new649557IM3,000+ 49.5%549,613+ 280.4%525658JAC2,868+ 48.7%605,361+ 4.8%614859Land Rover2,569– 17.0%586,728– 17.9%566060Citroen 2,324– 46.1%615,132– 42.5%626161Arcfox2,168+ 0.0%893,016+ 0.5%725962Kaiyi2,164– 47.6%596,076– 42.1%585563SRM2,107+ 47.1%673,662+ 1.8%697464Dayun2,089+ 65.8%526,340+ 75.5%576665Maxus1,914– 23.7%625,764+ 10.7%605866Smart1,700– 71.2%713,871– 69.5%675367Cao Cao1,482new722,720new737668Skoda1,308– 34.7%643,808– 36.6%686469Jaguar1,296– 20.9%654,023– 10.1%666570Skyworth1,270+ 14.9%792,570– 15.7%756871Yipai1,220new –1,220new82 –72BAW1,196n/a663,526n/a707373Nammi1,188new574,740new63 –74Baojun1,182+ 23.5%635,898+ 92.0%595775YangWang1,090new693,522new719076Lingbao796– 21.0%782,176– 43.2%797277Hycan663+ 889.6%702,177+ 15.0%787078Livan (ex Lifan Maple)624– 55.2%771,786– 53.2%806979JMC (incl. JMEV)619+ 315.4%742,253+ 65.9%777880Polestones563new731,115new839481Jiyue511new85876new849782Ciimo476– 13.9%86875– 36.2%858883Polestar369new90630new88 –84Rising Auto (ex R)310– 59.8%752,646+ 58.1%746785Sehol291– 96.5%87528– 97.3%895186FAW288+ 329.9%88850+ 333.7%869287Foton250– 59.4%81727– 47.4%878588VGV198– 39.4%831,292+ 14.7%818289Infiniti183– 82.7%91439– 79.4%908090SWM154– 95.4%562,322– 73.0%766291Fukang151+ 62.4% –151– 71.5%948392Haima77– 96.3%84371– 91.0%927793Xiaohu45n/a82373+ 29.1%919394Karry23– 87.8%9360– 82.7%959695DS9– 86.8%9413– 89.7%969896Everus1– 96.4% –2– 96.4%9710297Hiphi0new92272new9384

China wholesales March 2024 – models:

PosModelMar-24/23Feb2024/23PosFY231BYD Qin PLUS50,394+ 25.3%1107,489+ 35.7%122Tesla Model Y47,917– 12.8%2100,366+ 6.0%213BYD Song PLUS 35,176+ 16.9%980,136– 22.1%334Nissan Sylphy29,674+ 28.1%479,936+ 9.8%445BYD Seagull27,866new670,319new6106BYD Song Pro27,446+ 173.7%2556,784+ 47.2%10177BYD Yuan PLUS21,951– 21.3%3446,992– 24.8%1668VW Lavida21,216– 13.1%768,035– 6.3%859Mercedes C-Class L20,700+ 46.3%1342,303+ 32.6%223210BYD Han20,376+ 47.3%5937,594– 0.6%301311VW Passat19,966+ 61.3%1154,724+ 64.5%112012Mercedes GLC19,000+ 450.6%1240,628+ 52.9%246113BYD Destroyer 0518,803+ 354.6%5132,156+ 133.8%408014AITO M718,512+ 1288.7%369,592+ 1521.1%79815VW Tayron16,967+ 41.6%5434,550+ 35.4%354816Audi A6L16,505+ 5.7%2144,552+ 10.7%182317VW Sagitar16,446– 8.3%858,481+ 10.5%9818Wuling Hongguang MINI EV16,046– 30.7%1044,215– 36.7%201119ChangAn CS75 PLUS15,554– 7.4%574,789+ 44.3%5920Toyota Corolla15,551– 8.1%11832,215– 24.0%392221Toyota Front Lander14,913+ 60.9%1743,753+ 71.0%212422Aion S14,758– 44.1%6829,754– 38.4%491623Tesla Model 314,481– 33.3%3832,054– 25.1%423624Haval H613,813– 6.9%1647,507– 1.0%121525Geely Xingyue L13,691+ 57.3%2047,221+ 65.3%153126Geely Xingrui13,323+ 59.9%2444,322+ 63.3%195127Aion Y13,007– 2.0%6328,880– 7.0%521228VW Magotan12,994– 3.5%1841,090+ 12.0%231929BMW 3-Series L12,924+ 19.9%2237,664+ 37.4%293730Geely Boyue12,686+ 25.2%1447,408+ 33.9%142131BYD Dolphin12,672– 54.2%2638,271– 43.7%27732Toyota RAV412,662+ 8.0%6035,537+ 29.9%342533BYD Tang12,603+ 5.4%8725,482– 21.7%614434Buick Verano12,301+ 94.6%10119,284– 21.6%786335Changan Lumin12,226+ 19.7%9232,112+ 33.6%414536Honda CR-V12,002+ 3.3%4247,433+ 42.4%131837Audi Q5L11,988+ 12.3%3633,007+ 34.8%363938Wuling Bingo11,319+ 241.9%3531,152+ 840.9%442739ChangAn Eado/Eado PLUS11,246– 26.8%2744,707+ 24.9%173040Toyota Corolla Cross11,204+ 46.2%1539,459+ 81.5%254241VW Tiguan L10,986+ 23.3%1937,960+ 46.9%282942Hongqi H510,886+ 15.3%2335,540+ 56.4%335743LI L710,768+ 39.8%3232,570+ 322.9%384744Audi A4L10,599+ 12.8%5527,085+ 27.3%544645Hyundai Elantra (new)10,525+ 13.0%4728,892+ 19.1%516646BMW X310,119+ 12.2%3930,588+ 18.4%455647Denza D910,036– 3.5%8222,615– 6.4%705448Toyota Wildlander9,776+ 23.3%4430,004+ 19.9%484049Chery Tiggo 8/PLUS9,770+ 41.8%3339,163+ 123.5%265050Mercedes E-Class L9,690– 28.6%2926,935– 33.1%553451Nissan Qashqai9,324+ 68.2%5326,092+ 15.7%596252Jetour Traveler9,219new7425,152new6215553Honda Accord8,989– 55.4%5232,013– 33.3%432654Jetour X70/X70S8,878+ 18.8%3027,179+ 29.3%537255Hongqi HS58,822– 23.9%5626,534– 10.2%576856LI L98,595+ 47.4%5823,693+ 12.2%675957Wuling Hongguang S8,437– 23.1%3726,299– 23.5%585858Haval Big Dog/Dargo8,300– 9.7%6222,735+ 5.7%693559Geely Emgrand8,196– 41.6%2837,258– 3.3%313360BMW X18,115– 31.5%6122,876+ 12.2%689361Buick Velite 68,035+ 48.5%12615,819+ 80.5%9813762ChangAn UNI-V7,997– 17.8%4332,620+ 16.8%374363VW Bora7,732– 40.5%4526,648– 27.2%563864Honda Civic7,684+ 37.1%4036,338+ 59.5%322865Geely Panda Mini7,618– 27.8%7323,898+ 38.9%666566Zeekr 0017,503+ 66.1%12315,438+ 23.8%1018767BMW X57,448+ 2.8%5725,836+ 3.5%607668Buick GL87,409– 38.0%8116,790– 27.9%946469Toyota Levin7,344– 31.4%4820,825– 37.9%756070Chery Arrizo 87,192+ 131.3%4629,435+ 261.4%508471Toyota Camry6,842– 41.5%4930,165– 25.5%471472Toyota Sienna6,730+ 8.0%8617,815– 3.7%868673Volvo XC606,444+ 52.2%9617,412+ 24.3%929574VW Tharu6,419– 9.8%4124,845+ 15.6%657075LI L86,392+ 2.7%6920,910+ 1.9%745576Audi A36,388+ 0.2%11512,993– 5.5%11010377Honda Breeze6,346+ 18.0%7025,132+ 53.3%634978Cadillac CT56,292+ 12.3%9118,054+ 42.5%848279Honda Integra6,287+ 96.2%6425,001+ 117.9%645380VW ID.36,200+ 100.6%9317,609+ 205.3%908881Toyota Highlander6,175+ 48.1%8017,809+ 30.5%879282Nissan Teana/Altima6,149+ 43.3%7719,111+ 20.2%797883Geely Binyue6,098+ 4.1%7918,515– 22.1%837984GAC Trumpchi M8 (ex GM8)6,031– 28.4%15213,571– 29.6%1088185Hongqi E-QM55,911+ 88.5%9017,132+ 39.2%938586Buick Regal5,855+ 75.0%9420,085+ 83.9%7610587COS Z65,831– 2.7%3130,441+ 77.1%466788Wuling Starlight5,756new6521,506new7330489Shenlan/Deepal S75,705new8419,016new8012390Toyota bZ35,697+ 1818.2%1769,792+ 3197.0%14319691Jetta VS55,670– 5.6%7817,633– 1.0%899092Qiyuan A055,622new11211,530new12339893BYD Seal5,618+ 8.0%13216,396– 16.2%967594Tank 300 (ex-WEY Tank 300)5,616– 43.1%9916,430– 16.1%957795VW Lamando5,601– 19.1%5020,050– 10.9%776996AITO M95,446new7210,697new129 –97VW Golf5,356+ 52.9%10612,069– 6.6%11811098VW Teramont5,353+ 55.7%12813,075+ 39.3%10912899Lynk & Co 035,336+ 6.6%8917,767+ 30.7%8897100Lynk & Co 085,322new10217,557new91170101GAC Trumpchi GS35,271– 11.4%12012,787+ 32.7%112114102Beijing EU-Series5,221– 35.8%2137,106– 41.3%180104103BYD Song L5,204new7117,843new85395104Leapmotor C115,135+ 62.8%17812,122+ 129.1%11783105Ford Mondeo5,109+ 122.0%9715,625+ 46.9%100108106Lynk & Co 065,091– 1.2%9816,066+ 6.4%9796107COS X5/Plus5,072+ 7.5%6621,685+ 22.4%7289108Changan CS554,795– 23.9%6722,274– 31.3%7171109Toyota Avalon4,792– 35.4%12114,166– 12.4%10673110Qiyuan Q054,751new1656,500new189570111Leapmotor C104,744new1387,857new174 –112GAC Trumpchi M6 (ex GM6)4,684– 14.7%10512,624+ 7.5%114117113Zeekr 0074,656new8314,713new103545114Mercedes A-Class L4,516– 19.3%13410,787– 17.6%128132115Shenlan SL034,311– 49.7%8813,992– 25.6%10794116Audi Q34,164– 10.6%1419,487– 12.0%145121117Chevrolet Monza4,146– 49.4%11715,137– 30.7%10252118Ora Good Cat4,132+ 4.1%1699,896+ 31.3%14191119BMW i34,069+ 29.3%11611,684+ 19.9%121116120Geely Galaxy L74,016new7618,563new81100121Xpeng X93,946new1887,872new173 –122BMW 5-Series L3,944– 60.5%8518,518– 48.2%8241123VW T-Roc3,780– 33.2%10814,332– 11.1%105107124Toyota Granvia3,771+ 1.0%12511,680+ 17.2%122127125NIO ES63,729+ 337.2%11310,632+ 132.5%131109126Hongqi HS3 3,721new11910,205new135251127Buick Envision3,692– 35.7%16415,722– 22.3%9974128BMW iX33,659– 5.3%1429,605+ 6.9%144146129Geely Galaxy L63,628new14012,273new116246130iCAR 033,602new3454,571new218509131Fang Cheng Bao Bao 53,550new13311,063new126381132Qiyuan A073,479new1709,032new152316133Bestune B703,456+ 50.4%11111,124+ 92.7%125140134Jetta VA33,452– 38.7%1668,361– 26.4%166113135Kia Forte Furuidi3,438+ 103.6%1447,938+ 39.6%171194136Jetour X903,426+ 74.5%11410,247+ 84.5%134193137Dongfeng Future3,405+ 15.0%1807,551+ 7.1%178185138Geely Haoyue3,381+ 102.5%11011,966+ 58.1%119154139Tank 5003,336+ 121.5%14710,883+ 189.7%127162140VW ID.4 CROZZ3,333+ 47.5%1968,254+ 86.2%168151141Mercedes GLB3,310– 57.5%2508,610– 49.1%161102142Nissan X-Trail3,283– 5.4%12910,102– 12.2%136115143LI Mega3,229new –3,229new262 –144Beijing BJ403,212+ 37.8%1757,154+ 41.6%179219145Volvo S903,204+ 19.6%1628,944+ 13.9%154145146Luxeed S73,197new2434,595new216543147Chery QQ Ice Cream3,186– 19.4%1577,681– 21.8%17699148AvatR 123,106new1944,421new223493149Voyah Dreamer3,095+ 86.9%1908,040+ 170.2%170192150Tank 4003,060new1819,185new150296151Dongfeng Aeolus Haohan3,014new10011,470new124334152Dongfeng Aeolus Hyun (Yixuan)3,011– 44.5%1439,164– 33.1%151126153Chery Tiggo 92,932new12712,574new115163154Chery Tiggo 72,855– 7.5%9512,873+ 36.3%111119155Geely Binrui2,824+ 38.7%2228,768– 13.3%157165156Honda Inspire2,801– 51.0%1859,909– 16.6%140112157Leapmotor T032,784+ 32.6%1549,433+ 140.3%146148158Jetour Dasheng2,748+ 33.2%1519,300+ 35.4%148143159Peugeot 4082,745+ 13.8% –4,059– 8.2%231226160Ford Equator/Sport (Lingyu/Lingrui)2,741+ 25.8%1398,362+ 17.6%165160161Mazda3 Axela2,737+ 13.1%16010,644+ 55.6%130124162Toyota Crown Kluger2,709– 26.7%1918,441– 27.4%164129163Chery Arrizo 5/5e2,677– 29.7%1638,496– 24.4%162125164MG 52,651– 41.2%10411,887– 21.4%120133165IM LS62,630new1868,733new158211166Mazda CX-52,627+ 210.9%1686,672+ 151.0%185242167Wuling Jiachen2,587– 26.3%10710,078– 16.5%137131168Hyundai Tucson2,555– 35.2%13510,261+ 9.8%133118169Geely Galaxy E82,541new1497,688new175 –170Audi A7L2,527+ 386.0%2794,140+ 272.0%229222171WEY Lanshan (Blue Mountain)2,522new1486,715new184174172VW CC2,500+ 25.6%1369,266+ 73.8%149161173Roewe i6/ei62,494n/a –2,494+ 1233.7%287474174COS X7/Plus2,425– 2.8%1308,990+ 1.3%153150175Jetta VS72,385+ 1.0%1716,572+ 3.2%188164176Hyundai Mufasa2,372new1508,851new156232177VW Tavendor2,362+ 52.9%1678,192+ 96.5%169175178Honda HR-V2,362new17210,462new132178179Voyah Free2,345+ 108.4%2005,938+ 143.4%195235180Haval M62,318– 60.2%1896,058– 53.2%192122181Exeed Yaoguang2,285– 5.4%2055,597+ 33.7%201202182Tank 7002,235new –2,235new302 –183Chery Tansuo 62,233new1468,461new163298184NIO ET52,214– 65.6%2014,793– 74.4%211144185NIO ET5T2,202new1566,393new190216186MG 72,191new1458,681new159168187Dongfeng Fengon Landian E52,185+ 774.0%1599,389+ 3655.6%147386188Honda Odyssey2,174– 8.1%2115,641– 8.4%198152189Nissan Tiida2,172+ 144.0%2085,262+ 77.3%204253190Roewe iMAX82,153+ 99.0%3852,644+ 33.3%283318191Wuling Xingchi2,121– 15.3%1099,853– 3.8%142139192SRM Golden Sea Lion2,107+ 47.1%2373,662+ 1.8%243278193Bestune NAT2,104+ 9.2%3623,008– 17.0%268230194Haval Raptor2,091new1558,301new167247195Honda Vezel2,067+ 41.2%1846,883+ 41.0%181147196Citroen C5 X2,065+ 27.2%2094,465– 21.3%221223197GAC Trumpchi E82,055new1996,805new182358198Ford Edge/Edge L2,033+ 128.9%1586,740+ 195.2%183225199Lincoln Nautilus2,006+ 68.0%2045,644+ 77.4%197187200Toyota Venza1,997– 10.2%1985,410– 13.7%202182201Honda Fit1,994– 53.1%1616,026– 63.4%193111202VW ID.4 X1,933+ 13.5%2154,658+ 32.4%214207203Leapmotor C011,904+ 107.4%2743,998+ 209.4%234201204VW Polo1,887– 37.5%1795,633– 36.1%200149205Changan CS35 PLUS1,867+ 6.6%1249,911– 49.2%139130206Mercedes Vito1,861+ 26.6%2754,025+ 18.1%233250207Honda Elysion1,849– 61.6%2356,631– 27.3%186183208BYD e21,811n/a2603,667n/a242234209Lincoln Corsair1,780– 33.2%2274,763– 29.5%212198210VW Tacqua1,773– 38.8%3462,619– 48.8%284259211Arcfox αT51,765new4432,333new293531212Changan Yida1,758– 13.4%10312,786+ 344.6%113136213JAC Refine (M3+E3)1,717– 11.0%2182,951– 42.3%271260214VW Talagon1,638– 67.5%2125,641– 31.1%199172215VW T-Cross1,632+ 106.3%3194,263+ 74.6%225258216Dayun Yuehu1,630+ 77.0%1744,977+ 74.3%207249217Cadillac XT51,618– 39.2%2246,118– 12.6%191156218Ford Explorer1,610– 36.7%2294,592– 32.5%217188219Xpeng P71,605– 47.0%2394,224– 33.4%226134220Honda XR-V1,604– 25.6%19510,009+ 56.6%138120221Venucia Grand V1,578– 55.7%1824,952– 41.4%208153222Neta Aya1,564new2852,653new282267223Range Rover Evoque1,559+ 5.9%2323,817– 0.5%237262224Volvo S60L1,550+ 5.3%2344,133– 15.1%230215225ChangAn UNI-K1,540+ 46.5%2265,223– 21.3%205205226Neta S1,532– 30.6%2164,388– 24.0%224206227Bestune T551,523+ 168.1%4332,263+ 70.3%297311228Dongfeng Aeolus A601,520n/a –1,520n/a329 –229BYD Yuan UP1,517new –1,517new330 –230GAC Trumpchi GS4/Plus1,497– 41.1%2673,699– 63.0%239189231GAC Trumpchi Empow1,496+ 0.0%1736,000– 10.9%194142232Honda Avancier1,494– 44.7%2254,915– 37.8%209167233Wuling Xingchen/Asta1,491– 42.9%1228,882– 19.9%155138234Geometry E1,489+ 36.4%1537,578+ 70.2%177169235Exeed TX/TXL1,488+ 2510.5%1874,624+ 292.2%215265236NIO EC61,485+ 102.3%2074,222+ 139.2%227292237Cao Cao 601,482new2712,720new279284238Geometry A1,481– 40.3%1835,814– 7.6%196238239Chery Little Ant (eQ1)1,479– 21.0%2233,755– 25.4%238190240Xpeng G61,473new2104,437new222135241Roewe D71,435new2068,652new160364242Audi Q4 e-Tron1,421– 6.3%2523,447+ 33.7%249210243GAC Trumpchi Emkoo1,411– 54.7%2205,283– 38.6%203166244Buick LaCrosse1,410– 32.1%2366,603+ 41.4%187184245Dongfeng Forthing T5/EVO1,408+ 40.0%3053,237– 0.4%261269246Roewe RX81,402+ 158.7% –1,402+ 37.7%341487247Xpeng G91,393+ 43.3%2383,991– 4.5%235197248Qiyuan A061,378new3874,564new219538249Aion V1,377+ 298.0%2763,411+ 273.6%252221250Wuling Bingo Plus1,375new –1,375new344 –251Roewe i5/Ei51,343– 65.4%7514,710– 19.3%104106252Cadillac GT41,336new4221,687new319375253Ford Escape1,267– 31.5%2573,503– 26.2%246199254AvatR 111,260– 43.3%2783,342– 40.9%256214255Hongqi H91,238– 18.8%2802,553– 27.2%285261256VW Viloran1,236– 24.9%2633,688+ 28.4%240241257Mercedes V-Class1,223– 13.2%2723,260– 6.1%260254258Yipai eπ0071,220new –1,220new357 –259Chery Fengyun A81,191new2662,925new272 –260Nammi 011,188new1774,740new213 –261BAW M71,172new2862,984new270353262Maxus G50/Euniq 51,170+ 11.2%2563,459+ 44.0%247243263Chery Tiggo 3/3×1,139– 36.8%2443,278– 35.5%258239264Kaiyi XuanJie/Pro1,129+ 50.9%2413,538+ 49.7%244240265Nissan Kicks1,124+ 64.6%2424,986+ 275.7%206336266BYD Corvette 071,120– 82.6%2593,672– 79.3%241101267GAC Trumpchi GS81,104– 62.4%2144,218– 42.3%228176268Venucia D601,096– 65.8%2653,066– 59.1%267218269Yangwang U81,090new2473,522new245484270Chery Tiggo 5x/e1,082– 53.6%2024,471– 36.4%220186271Hongqi H61,078+ 173.6%2403,269+ 729.7%259321272Chana Honor1,060+ 1.2%2492,918– 5.1%273303273Smart #11,041– 82.4%2932,489– 80.4%288158274Lynk & Co 091,032+ 2.7%2583,430+ 18.9%251272275Audi Q2L1,027– 51.4%2702,500– 48.7%286236276Aion Hyper GT1,025new3681,572new326404277Cadillac XT41,016– 41.3%2533,445– 30.1%250227278BYD Qin1,010– 66.5%2282,763– 68.3%278179279Land Rover Discovery Sport1,010– 37.8%2552,911– 33.2%274273280Dongfeng Aeolus Haoji1,005– 76.8%2622,703– 66.2%280203281Nissan Pathfinder995newn/a1,328new349 –282Toyota Harrier994– 64.5%2833,360– 48.1%254200283BYD Yuan Pro964+ 1105.0%2193,142+ 3827.5%264290284Mercedes GLA950– 72.7%2332,251– 66.8%300229285GAC Trumpchi E9947new2692,802new277245286Lincoln Z944+ 5.5%3242,184– 29.3%303275287Hongqi HS7929+ 23.7%3001,649+ 0.7%323333288Mercedes EQA912+ 473.6%3341,360+ 288.6%348418289ChangAn Raeton PLUS905– 41.3%2313,359– 46.2%255228290Kia Sportage L879+ 59.8%2513,077+ 257.4%266294291Buick Electra E5877new1374,854new210209292Geely Xingrui L861new3541,139new365475293Kia K3853+ 60.0%2172,817+ 32.9%276347294Hyundai Custo851– 4.7%3102,266+ 14.1%296280295Buick Century838– 54.3%2213,399– 32.5%253220296Neta X824new1317,928new172351297ChangAn UNI-T816– 65.2%2033,971– 59.2%236181298ChangAn Benben814+ 5714.3%3301,576– 66.4%325252299Lynk & Co 01808– 20.4% –1,736– 46.0%317255300NIO ES8802+ 131.8%3021,831+ 99.2%313270301Honda UR-V785– 89.1%2913,152– 69.2%263237302Geometry G6784+ 558.8%3132,404+ 175.7%290374303Toyota C-HR774– 35.7%2462,485– 27.7%289282304Dongfeng EV Nano Box767– 25.1% –767– 82.5%405191305Skyworth HT-I757+ 27.9%3441,657– 7.8%320323306Kia Stonic745– 1.7%3271,539– 27.9%327327307Baojun Yep739new2453,007new269268308Jetour Shanhai L9729new2903,138new265516309NIO ET7713– 3.4%4021,058– 44.5%374382310Geely Icon687– 57.7%2892,677– 49.2%281231311Volvo XC40685– 38.6%2981,995– 43.9%311277312Voyah Zhuiguang682+ 177.2%2882,366+ 789.5%292403313Haval H5676new3202,046new309350314Mazda CX-50667new3381,730new318309315Mercedes EQB666+ 159.1%3061,366+ 117.9%346361316VW ID.7 VIZZION660new2873,452new248552317Smart #3659new3581,382new343332318Bestune T90651new2542,882new275384319Beijing Rubik’s Cube / Mofang648– 2.6%3671,064– 14.7%373328320Jaguar XFL644– 21.1%3262,013– 8.3%310293321Dongfeng Fengxing Jingye S50644+ 460.0%3711,474+ 87.1%336456322Peugeot 408 X640+ 1900.0%3812,292+ 7062.5%295411323Cadillac CT6626– 30.8%3091,645– 12.4%324301324Honda ZR-V625– 20.8%2772,375+ 8.0%291276325WEY Gaoshan625new3082,119new306515326Dongfeng Fengon iX5624+ 3366.7%409749+ 1528.3%406486327Kia Seltos611new2612,162new304362328Exeed VX (Lanyue)602+ 230.8%3121,818+ 362.6%314307329Lingbao BOX589– 16.1%3611,652– 42.5%321308330Audi Q5L Sportback587– 37.7%2941,912– 13.1%312313331Roewe MARVEL X577n/a –577n/a425 –332Xpeng P5575– 74.3%3741,165– 78.9%362224333Dongfeng Fengon 580564+ 131.1%3781,051– 57.8%380355334Polestones 01563new2811,115new368542335BYD e6558+ 11.6%1932,252+ 208.9%299500336Jaguar XEL556– 32.4%2961,651– 27.5%322306337Kaiyi Shiyue543new3501,054new378448338Kia EV5533new3911,401new342563339Haval Xiaolong516new2822,247new301177340Skyworth EV6513+ 0.0% –913– 27.1%387319341Jiyue 01511new395876new392551342Venucia VX6505new3141,436new338499343GAC Trumpchi ES9504new3012,259new298377344Audi Q3 Sportback502– 27.5%3511,150– 30.3%363354345Honda e:NS1498– 43.6%3351,759– 27.2%316305346Aion Hyper HT494new3571,266new353438347Exeed Exlantix (Sterra) ES490new2921,476new335554348Zeekr 009488– 77.3%3691,424– 48.4%340233349JAC EV3484n/a4361,057n/a376291350Dongfeng Fengon S560483+ 20.4%490813– 52.4%399415351Ciimo M-NV476– 13.9%397875– 36.2%393478352Dayun Yuanzhi M1459+ 35.4%3231,363+ 80.1%347388353VW Tayron X455– 23.3%2971,791+ 7.6%315324354Wuling Victory449– 43.4%2991,502– 41.3%331359355Wuling Journey443– 43.9%3331,283– 37.6%352339356Dongfeng Forthing Leiting439new3421,052new379473357JMEV EV2/Little Kirin422+ 313.7%3291,199+ 442.5%359454358Toyota Levin GT (Lingshang)420– 53.2%2951,459– 51.2%337317359Toyota bZ4X418– 80.9%382817– 83.0%398281360Mercedes EQE411– 43.7%3211,490+ 3.5%332331361Maxus G10/EG10409– 60.7%3551,102– 37.2%369322362Beijing BJ60408– 56.3%3481,319– 23.5%350329363Audi Q6400+ 76.2%3171,431+ 126.8%339405364Wuling Air397– 32.9%318888– 59.0%389341365AITO M5395– 82.8%2302,158– 70.5%305159366JAC X8 Plus389new419782new404360367Hycan Z03388+ 743.5%2731,188– 27.7%360274368Kaiyi Xuanyue386– 74.8%3361,295– 42.1%351326369Beijing X7382– 42.8%390712– 72.5%411286370Lincoln Aviator377– 1.3%3721,081– 17.7%370397371BMW X2375– 62.5%3161,531– 43.8%328248372NIO ES7372– 70.6%445513– 83.8%436366373Polestar 4369new435629new417 –374Zeekr X365new3041,484new333212375Hyundai Sonata361+ 186.5%444576– 15.9%427453376Mercedes EQE SUV361new3492,098new308372377Dongfeng Fengon MINI EV358+ 0.6%2841,123– 1.3%367410378Skoda Kamiq357– 20.1%3521,214– 33.6%358349379Ora Lightning Cat 356– 73.6%376928– 76.6%386287380NIO EC7349+ 11533.3%411611+ 20266.7%421431381Dongfeng Fengon 380/E380348+ 11.5%3401,031+ 27.8%382423382Haval H9340– 45.9%3531,056– 31.3%377380383Skoda Kodiaq334+ 53.2%408549– 13.8%430443384Baojun Cloud328new3642,102new307289385Cadillac XT6324– 70.9%4041,124– 66.2%366257386Skoda Superb321+ 282.1%3371,073+ 279.2%371467387Nissan Ariya 314– 4.6%410610+ 32.6%422430388MG Mulan / MG4309– 69.3%3841,017– 68.1%383297389BMW iX1308new383876new391555390Geely Emgrand L306new3751,253new355452391Livan Maple 60S299– 67.4%398440– 74.1%444343392Exeed LX (Zhui Feng)289+ 344.6%365731– 5.3%408342393FAW Senia R7288+ 329.9%401794+ 305.1%402528394Dongfeng Fengon 330/370283– 0.7%341994+ 1.6%384458395Kia Sportage273– 77.3%3431,227– 67.8%356302396JAC QX PHEV273new426488new439483397Sehol Aipao271– 37.7%403493– 43.2%438441398VW ID.6 CROZZ264– 77.2%379882– 57.6%390300399Chevrolet Malibu259– 84.4%3391,369– 67.6%345263400Citroen C5 Aircross259+ 32.8%405651+ 34.0%416447401Hyundai La Festa253– 37.2%447421– 66.4%447442402Hongqi HQ9251– 73.1%450510– 81.4%437314403Foton MP-X250– 56.4%360727– 45.7%409416404Roewe Whale248+ 12300.0% –248+ 72.2%477589405Skoda Karoq242+ 3.0%366796+ 2.4%401444406Toyota Allion239– 75.7%3771,065– 60.1%372312407Honda Life234– 64.0%389859– 52.9%396370408Wuling Xingyun233new3151,146new364455409Peugeot 4008232– 54.8%462548– 54.8%431352410Dongfeng Fengdu Paladin231new264904new388 –411Ford Tourneo227+ 229.0%468353+ 107.6%455471412Toyota IZOA225– 71.6%3321,058– 46.3%375357413Geely Jiaji 219+ 29.6% –325– 40.6%460490414Cadillac CT4209– 74.2%399617– 65.6%419345415Ford EVOS209– 36.3%393576– 26.1%426469416Lingbao UNI207– 32.4%420524– 45.6%435407417Arcfox αS5207new497231new480 –418Chery Big Ant205+ 20400.0%356869+ 28866.7%394373419IM L7202+ 596.6%414317– 42.3%462518420Dongfeng Fengon E3200+ 1233.3%502251+ 1221.1%474496421VGV U70198– 15.7%3731,258+ 36.7%354413422Buick Enclave197– 76.9%3921,170– 49.9%361283423Chevrolet Equinox195– 87.6%400717– 80.5%410288424Chery Omoda 5193– 76.1%370862– 60.4%395436425Roewe RX5190– 96.3%1973,298– 79.0%257141426Dongfeng Fengon 500186– 53.0%3311,483+ 10.8%334363427Roewe Clever182– 74.9%415455– 84.6%443217428Chevrolet Blazer173– 27.9%413669+ 87.9%414425429Denza N7173new347787new403368430VW ID.6 X170– 44.4%421542– 33.5%433371431Buick Electra E4170new488245new478445432Buick Encore169+ 344.7%396680– 25.4%412519433IM LS7168– 91.5%311563– 71.5%428271434Livan 7168new3591,047new381451435Peugeot 508159– 85.1%406596– 52.2%423390436WEY Mocha157– 25.6%417399– 11.1%449401437Rising Auto F7157+ 227.1%412329+ 585.4%458279438BYD e3157n/a –616n/a420514439MG One155– 66.2%388672– 73.3%413389440Livan 9155+ 109.5%483297– 36.5%467530441Rising Auto R7153– 69.5%3222,317+ 89.5%294356442Chevrolet Menlo150– 74.7%441319– 72.2%461379443JMEV EV3147+ 1533.3%418435+ 162.0%446525444Hycan A06146+ 668.4%430591+ 144.2%424524445Fukang eElysee141+ 182.0% –141– 57.9%497450446Beijing U5 Plus140new –140new498 –447Kia Carnival139+ 59.8%431382+ 107.6%451485448Maxus Dajia 9138new –457new442 –449BYD D1135+ 14.4%451309+ 161.9%463549450Hycan V09128new437391new450537451Ora Ballet Cat123– 51.4%434378– 14.7%452463452Arcfox Kaola123new469249new476348453Beijing BJ212122n/a481284n/a471508454Dongfeng Fengxing Yacht121– 67.3%487558– 47.2%429409455SWM Big Tiger121new303535new434 –456Hongqi EH7121new457169new493 –457Beijing Warrior116n/a501188n/a490532458Baojun KiWi EV110– 82.5%416666– 64.6%415383459VW Touran109– 14.2%429306+ 35.4%464540460Kaiyi Xuandu106– 94.3%472189– 96.8%489310461Mazda CX-30101– 77.9%467250– 79.9%475459462Infiniti QX6098+ 25.6%466303+ 64.7%465507463Kia K596– 59.5%442278– 54.5%473446464Jaguar E-Pace96n/a424359n/a454529465Honda e:NP194– 83.0%470150– 78.6%496406466Ford Everest93– 28.5%328474+ 36.6%440505467Maxus Dajia 592new464296new469 –468Peugeot 500890– 60.5%438227– 65.6%481408469BMW i590new486111new506470Venucia Star88– 77.6%432214– 76.8%485432471Cadillac Lyriq87– 52.2%452332– 63.9%457427472Infiniti QX5085– 15.8%476136– 60.3%499489473Maxus G9082– 62.4%456241– 42.1%479495474Haima 7X77– 93.3%394344– 86.5%456387475Hyundai Santa Fe76– 80.4%471218– 96.3%483338476Roewe i6/ei6 MAX73– 92.7%386438– 84.4%445299477Denza N870new427402new448472478BMW 1 Series68– 95.2%439296– 91.9%468256479MG 661– 51.6%425327– 81.4%459435480Arcfox αS59– 95.4%489120– 93.0%503266481Skoda Octavia54– 87.9%460176– 85.9%492424482Buick Envista54– 85.1%440285– 75.7%470461483Bestune T9951– 59.5%453179– 38.1%491521484JMEV Yi50+ 31.6%461619– 36.3%418434485Honda Crider48– 94.6%449224– 93.9%482295486Chevrolet Tracker47– 89.7%475107– 90.0%507414487Xiaohu FEV45n/a363373+ 29.1%453536488Kia Pegas40– 60.8%459465+ 155.5%441513489Aion LX39+ 254.5%474120+ 300.0%502559490Chevrolet Seeker37– 95.8%465203– 87.9%488378491Xpeng G334– 95.5%473132– 94.0%500391492Haval Chitu34– 86.5%446155– 90.3%495394493SWM G0133– 96.9%268837– 70.3%397330494Audi e-Tron30– 53.8%455280+ 177.2%472526495BAW Yuanbao24– 92.0%325542– 56.2%432344496Bestune T7723– 94.3%380212– 81.8%486400497Ford Mustang Mach E23– 91.9%458124– 66.6%501480498Karry K6023– 87.8%49960– 82.7%514544499Sehol E10X20– 96.3%49835– 97.0%522482500Maxus D90/Pro15– 63.4%47788– 19.3%508556501Arcfox αT14– 98.4%49383– 93.6%511365502ChangAn CS9514– 87.9%47855– 94.4%517501503Bestune M914new485206new487546504Hongqi E-HS912– 96.8%407743– 67.1%407385505Volvo C4011– 93.3%49664– 76.2%513457506Fukang ES60010– 76.7% –10– 94.8%534464507Peugeot 20089– 98.0%511298– 75.6%466426508Hyundai ix358– 99.9%51021– 99.8%530204509WEY Latte8– 99.2%50024– 99.1%529419510DS 98– 80.5%50312– 84.0%533575511Beijing BJ806– 94.3%48426– 81.3%528565512Hongqi LS76– 76.0%307801– 38.4%400510513Haval Shenshou5– 99.7%49142– 98.7%520369514Maxus D605– 76.2%50433– 5.7%525569515JAC A5 Plus5new46383new512208516Dongfeng Aeolus EX14n/a –4n/a542623517Baojun RC-53– 94.9% –4– 98.1%539562518Maxus Dajia 63new42888new509619519Hongqi H72– 99.5%50641– 95.4%521428520Roewe RX92– 99.3%49234– 88.9%523492521Baojun 7302– 80.0% –3– 90.6%543604522Livan Maple 80V2n/a –2– 99.8%551497523Nissan Murano1– 99.9% –2– 99.9%549376524Hyundai Mistra1– 97.6% –3– 97.2%545579525Everus VE-11– 96.4% –2– 96.4%546597526DS 71– 96.3% –1– 98.0%566581527Hycan 0071– 50.0% –7– 12.5%536610528Dongfeng Fengon iX71– 50.0%5055– 68.8%537568529Hongqi L51n/a –1n/a564 –530Kia Sonet1new –1new565 –

Source: CAAM