This year, most luxury vehicle enterprises are entering a “platform period”. Industrial polarization has appeared and only few of them can obtain a two-digit growth.
Polarized sales performance
During January to November, only Mercedes-Benz in the ABB camp (Audi, BMW and Benz), which accounts for 80% of total sales, maintains a 32.1% increase compared with the same period of last year. BMW has a slight increase of 3% and Audi has a slight decrease of 0.16%.
Competition from the second tier is more polarized. Apart from Porsche and Infiniti, which obtain a 34% and 34.6% increase respectively with the previous period, JLR has a decrease larger than 20% and it’s predicted Lexus also has a two-digit decrease. Because of the narrow gap of sales volume, competition becomes fiercer in the second tier.
IHS Automotive once predicted that, annual sales volume growth rate of Chinese luxury vehicle market will decrease from 30% in the last decade to 5% in 2018. The performance of luxury brands in the previous four months in 2015 seems to confirm the fact in advance. The previous estimation of the market growth “converging to GDP growth” is growing to be an unattainable dream. As for the reasons, apart from the slow growth of overall passenger car market, more anti-corruption measures taken by the Chinese government, increasing products being put into the market and strained relationsbetween enterprises and the dealerships also contribute to the phenomenon.
Gone with rapid growth, luxury vehicle enterprises are striving to wade through the winter
This year, most luxury vehicle enterprises are entering a platform period Industrial polarization has appeared and only few of them can obtain a two-digit growth Polarized sales performanceDuring January to November, only Mercedes- ...
Product Brand:IVECO
Product Code:1904529, 1905429, 5938118, 93800492