Shanghai (Gasgoo)- Last year, China’s vehicle production and sales reached 29.01 million units and 28.88 million units respectively, up 3.19 percent and 3.04 percent year on year. Although China has been the largest auto market for nine consecutive years, 2017 saw the slowest growth in auto market in the past nine years.
It seems that the industry has reached a consensus that the growth rate of China auto sales will be lower. However, a lot of local automakers have still set an annual sales target with an expected year-on-year growth much higher than the estimated average growth.
Out of the 20 automakers we sorted, seven automakers are expected to achieve single-digit sales growth. SAIC Maxus plans to sell 130,000 vehicles in 2018 with the biggest sales growth rate, 82.8 percent, among the 20 automakers. Last year, SAIC Maxus sales jumped 56 percent with a delivery of 71,117 vehicles.
As to the estimated total sales, FAW VW is on top of the list. The joint venture plans to hand over 2.1 million vehicles in 2018, far more than that of the second automaker on the list, Geely Auto. This year, Geely expects to deliver 1.58 million vehicles, increasing 26.7 percent compared with the sales of last year.
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