Chinese car brands accounted for 33% of the global sales of passenger vehicles in March 2024, in which 8.15 million units were shifted during the month. This was revealed in statistics released by the China Passenger Car Association (CPCA), as CarNewsChina reports.
In the first quarter of this year, 21.05 million vehicles were sold worldwide, making for a three percent increase from the same period last year. Among the Chinese players, Geely was the sole automaker from the country to make it into the top 10 list for the quarter, the 738,400 vehicles it sold – accounting for 3.5% of the global market share – giving it 10th spot in the global rankings. Domestically, it held a 2.0% share of the market.
According to the stats, BYD was just behind it in 11th, claiming a 3.2% share of the global market (it had 9% of the Chinese market, making it the best performing domestic brand), while Chery was a step behind in 12th, securing 3.0% of the pie globally (3.0% share in China).
Other Chinese automakers in the global top 20 mix were Changan, which was 15th overall with a 2.6% market share (8% in China) and SAIC, which was 16th with a 1.7% slice of the pie (4% in China).
At the head of the global automaker sales rankings for the quarter was Toyota, with a market share of 10.6%, making it the only company with more than 10% of the market share. Second in the overall standings was the Volkswagen group, with a 9.5% share (despite competition, it managed to secure 10% of the Chinese market). In third was Hyundai, with a 7.4% share. Together, the three companies held a 27.5% share of the global sales market for the first three month of this year.
Elsewhere, Stellantis, with a 6.9% share, was placed fourth. In fifth was the Renault-Nissan-Mitsubishe Alliance, with 6.5%, while General Motors was placed sixth, with a 5.4% share of the market. Next, there was Honda and Ford, seventh and eighth respectively, both having 4.7% of the market. Meanwhile, a 4.0% share was good enough to secure ninth place for Suzuki.
The CPCA data also revealed the top five Chinese auto exporters in the first quarter of 2024, and they are SAIC (126,053 units), Chery (117,719 units), Great Wall Motor (77,935 units), BYD (51,138 units) and Geely (46,752 units).
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SAIC top Chinese exporter must be due to the excellent MG4.
Safer to just stick to BYD n geely.. Correct
But so far, didn’t hear any problems for SAIC and MG at all, so MG, BYD and SAIC are better choice and safer for buyers to buy. Even GAC have arrived and also not shown in global results yet but in near future, GAC also more reliable and better choice
MITSUBISHEEEEEEEEE??????????????????????
Congrats
Haters gonna hate
this is not a correct figure. we know almost over 60% of this figure is in China alone by wholesaling to dealers there. Rest ends up in Africa and some Middle east countries and Asean. Chinese OEMs still have decades to catch up with brands globally in terms of quality and brand value.
Thumbs up to our protégé
Say whatever you want. People have already decided
Good value and pricing
WOW
Japanese cars are getting outdated and expensive but not all. Anyways, Chinese cars better and more worth
Well done
Like it or not, things will change in near future. And needs to be accepted. Yes, can see why haters don’t like, probably so used with japanese and europeans. All car brands have problems. Don’t think it is perfect. But here is the thing, you won’t know what’s going to happened when chinese brands is getting better since chinese brands are improving to be better and BYD and GAC is now same level as Toyota based on reliability level. Same goes to korean cars and also soon gonna beat not only just japanese cars brands but also european cars. Anyways, come on, stop living in the past. Stop saying this and that got problem. It is not like we are living in 2010s era. Only aunties and uncles will still think in the past like haters does
Haters gonna kena after seeing this chinese car brand sales results….
Hater why cry loudly Amaaaaaa Apaaaaa
all failed logo design, all copy-paste models with sub-par quality, most sales from mainland, what’s there to be proud of?
The above hater is crying ” Aaaaamaaaaa Aaaapaaaaaa…..” Lol