Chinese consumers were well aware of the impending gasoline price rises, but continued to buy SUV’s in their thousands.
- Dongfeng Honda CRV: 31,840
- GreatWall Hover: 23,766
- Beijing Hyundai Tuscon: 21,692
- Chery Tiggo: 18,537
- Kia Sportage: 11,661
Out of the above list, the Chery Tiggo is the cheapest and the Dongfeng Honda CRV is the most expensive. The Hover remains popular due to its fashionable design and cheap price, the Tiggo probably remains popular in the market place due to its size (suitable for inner city tight spots) and reasonably good quality. The Kia Sportage could be popular with consumers due to its size, and price which starts at a mere 140,000rmb for the 2.0l manual.
am I correct in assuming that the chinese auto market is running at about 500K units a month — or six million cars a year?
that means these suvs are about 103K sales in half a year, maybe 250K in a year; so roughly 5% of the entire market?
Charlie,
The Chinese market is not yet over a million cars a month, but it is very close. Roughly ten million a year.