PDF《2018年8月份乘用车市场销量同比下降7.3%;9月份/四季度需求...》

图表 4: 各等级占比环比保持稳定 按等级划分的市场份额,占总量的比例%

图表 5: 环比来看,日系/欧系/美系/韩系品牌市场份额上升,而自主品牌市场份额下降 按国别划分的市场份额,占总量的比例% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 A B C D E 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Chinese Japanese Korean American European 资料来源:ChinaAutoMarket 资料来源:ChinaAutoMarket 2018年9月12日 全球投资研究 中国 汽车

图表 6: 广汽三菱/广汽丰田/华晨宝马在合资车企中领先,而比亚迪/吉利/上汽自主品牌在本土车企中增长较为强劲 上市公司/汽车生产企业的乘用车销量,单位为千辆,同比增速% Listco. / OEM Aug Vol (2018) Aug Vol (2017) YoY growth YTD Vol (2018) YTD Vol (2017) YoY growth Aug Vol (2018) Aug Vol (2017) YoY growth YTD Vol (2018) YTD Vol (2017) YoY growth FY18E FY17 YoY YTD as % of full year 2018E in k unit in k unit in % in k unit in k unit in % in k unit in k unit in % in k unit in k unit in % in k unit in k unit in % in % SAIC

445 493 -9.8% 3,714 3,502 6.1%

452 470 -3.9% 3,915 3,619 8.2% 6,515 6,139 6.1% 60.1% SGM

141 165 -14.8% 1,129 1,117 1.0%

159 164 -3.3% 1,252 1,174 6.6% 2,047 1,999 2.4% 61.1% SVW

165 171 -3.3% 1,291 1,199 7.7%

156 152 2.7% 1,329 1,254 6.0% 2,081 2,063 0.9% 63.8% SAIC own brand

46 40 15.8%

429 302 41.9%

53 41 29.5%

463 311 48.6%

748 522 43.3% 61.8% SGM-Wuling Car

93 117 -20.9%

865 884 -2.1%

85 114 -25.4%

872 880 -0.9% 1,639 1,555 5.4% 53.2% Dongfeng

203 231 -11.9% 1,534 1,640 -6.5%

189 212 -10.9% 1,567 1,592 -1.5% 2,541 2,712 -6.3% 61.7% DF-Honda

59 70 -16.1%

381 443 -13.9%

55 59 -8.0%

424 455 -6.7%

692 714 -3.1% 61.3% DF-liuzhou

10 19 -50.0%

89 134 -33.4%

10 19 -50.0%

89 134 -33.4%

151 230 -34.6% 59.3% DF-Nissan

106 101 4.7%

796 725 9.9%

103 98 5.1%

796 720 10.5% 1,233 1,251 -1.4% 64.5% ZZ-Nissan

1 1 -45.1%

7 8 -12.6%

1 1 -45.1%

7 8 -12.6%

21 14 53.7% 34.1% DF-PSA

22 30 -27.2%

190 248 -23.5%

16 26 -38.3%

187 195 -4.1%

329 378 -12.9% 56.9% Dongfeng own brand

7 10 -28.7%

70 82 -14.9%

5 9 -39.0%

63 79 -19.7%

115 125 -7.8% 55.0% ChangAn

99 158 -36.9% 1,010 1,312 -23.0%

90 160 -43.6% 1,007 1,330 -24.3% 1,796 2,170 -17.2% 56.1% ChangAn own brand

47 69 -31.7%

561 652 -13.9%

50 72 -29.7%

589 665 -11.4% 1,065 1,063 0.3% 55.3% ChangAn-Ford

35 69 -48.8%

302 489 -38.2%

24 70 -65.8%

276 493 -44.1%

499 831 -39.9% 55.2% ChangAn-Mazda

13 13 -1.2%

113 117 -3.6%

13 13 -1.2%

113 117 -3.6%

183 192 -4.9% 61.9% ChangAn-Suzuki

3 6 -47.5%

34 54 -37.2%

3 5 -44.7%

29 55 -47.1%

49 84 -41.9% 59.6% ChangAn-PSA

1 0 112.3%

3 3 -16.8%

1 0 112.3%

3 4 -22.1%

4 6 -34.3% 72.6% GAC

177 163 8.3% 1,341 1,276 5.1%

175 159 10.4% 1,351 1,268 6.5% 2,138 2,011 6.3% 63.0% GZ-Honda

59 60 -2.7%

451 451 0.0%

55 58 -4.3%

451 435 3.7%

724 704 2.9% 62.3% GZ-Toyota

53 39 35.9%

358 290 23.6%

55 37 47.1%

361 298 21.1%

524 442 18.5% 68.9% GZ own brand

42 40 4.5%

351 330 6.4%

42 40 4.5%

351 330 6.4%

582 509 14.4% 60.4% GZ-Mitsubishi

11 8 36.5%

90 69 30.2%

11 8 41.4%

97 69 39.4%