China imported PV deliveries dip 18.8% YoY in Q1 2022

Shanghai (Gasgoo)-For the first quarter of 2022, there were 195,557 imported passenger vehicles (PVs) delivered across China, representing an 18.8% decrease year-over-year, according to Sinomach Automobile Co., Ltd., China's largest dealer of imported vehicles.

To be specific, the Jan.-Mar. deliveries of imported cars and SUVs dipped 20.1% and 19.6% respectively from the previous year to 88,453 and 98,899 units, while the MPV segment still posted a 13% increase with 8,250 vehicles delivered.

Lexus ES; photo credit: Lexus

As for monthly performance, the deliveries of imported PVs dwindled 26.5% from a year earlier to 65,069 units, including 29,770 cars (-27.4% YoY), 32,806 SUVs (-26% YoY), and 2,493 MPVs (-21.1% YoY).

Of the imported PVs delivered in the first quarter, 177,541 units were under luxury car brands, representing a 17.9% year-on-year downward movement. Luxury brands consist of Alfa Romeo, Audi, BMW, Porsche, Mercedes Benz, Jaguar, Cadillac, Lexus, Land Rover, Maserati, MINI, Acura, smart, Tesla, Volvo, Infiniti, etc.

By March deliveries of imported PVs, the top 10 auto brands in China all recorded year-on-year drop due to the pandemic factor and supply crunch, of which Subaru faced the biggest dip. Compared to February, Porsche moved up one spot to the fourth, while MINI slid one place to the seventh.

In terms of the first-quarter imported PV deliveries, the rankings of the top nine brands remained the same as that of the Jan.-Feb. period. Despite the overall downturn, Mercedes-Benz and Toyota still scored a year-on-year growth.