Hong Kong 2017. Market recovered 13%

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vietnam.csv

Hong Kong Auto sales recovered 13% in the 2017 after the huge drop reported in the previous year, sustained by a more positive economic environment and by demand for green vehicles. Tesla ranked in fourth place.

Hong Kong’s economy expanded by 3.8% year-on-year in real terms in 2017, after growing by 2.1% in 2016. The Government forecasts Hong Kong’s economy to grow by 3-4% in 2018. The value of retail sales, in nominal terms, increased by 2.2% year-on-year in 2017, after the decline of 8.1% for 2016. The labour market conditions remain tight. The seasonally adjusted unemployment rate was 2.9% for the three-month period ending January 2018, compared with 3.4% for 2016. Consumer prices grew 1.7% year-on-year in January 2018, after increasing by 1.5% for 2017.

Hong Kong’s vehicles market reported a recovery after the huge drop scored in the previous year. Indeed, according to data released by the Hong Kong Department of Transportations (HKDT), light vehicles sales have been 30.062, up 13.9%.

Sales 2012Sales 2013Sales 2014Sales 2015Sales 2016Sales 2017Sales 2018 e
Car+LCV34.16838.18244.82847.00526.39630.06225.355
HCV8.0778.8078.0368.7144.6707.1996.891
Total42.24546.98952.86455.71931.06637.26132.246
2012 Var2013 Var2014 Var2015 Var2016 Var2017 Var2018 var e
Car+LCV9,1%11,7%17,4%4,9%-43,8%13,9%-15,7%
HCV9,1%9,0%-8,8%8,4%-46,4%54,2%-4,3%
Total9,1%11,2%12,5%5,4%-44,2%19,9%-13,5%

Brand wise, the leadership was solid under Toyota control with 7.242 sales (+10.7%) and 19.4% of market share.

In second place Mercedes with 5.279 units (+6.9%) ahead of BMW with 4.641 (+54.6%), Tesla with 3.729 (+32.8%), Honda with 2.438 (+43.8%) and Audi with 2.297 (+49.3%).

Rank 2017Rank 2016BrandSales 2017Sales 2016Variation 2017Share 2017Share 2016
11Toyota7.2426.54210,7%19,4%21,1%
22Mercedes5.2794.9386,9%14,2%15,9%
33BMW4.6413.00354,5%12,5%9,7%
44Tesla3.7292.80732,8%10,0%9,0%
55Honda2.4381.69543,8%6,5%5,5%
66Audi2.2971.53949,3%6,2%5,0%
77Volkswagen1.6711.30228,3%4,5%4,2%
813Kia1.257537134,1%3,4%1,7%
912Nissan1.156547111,3%3,1%1,8%
1010Lexus1.09382931,8%2,9%2,7%
118Porsche1.0181.057-3,7%2,7%3,4%
1211Mazda95861256,5%2,6%2,0%
1316Land Rover65545145,2%1,8%1,5%
1418Mini51740727,0%1,4%1,3%
1519Volvo51337536,8%1,4%1,2%
1622Subaru40325160,6%1,1%0,8%
1724Maserati319131143,5%0,9%0,4%
1814Ford283509-44,4%0,8%1,6%
1920Suzuki259341-24,0%0,7%1,1%
2023Jaguar23318327,3%0,6%0,6%
2121Hyundai188272-30,9%0,5%0,9%
2226Bentley1819296,7%0,5%0,3%
2330Mitsubishi16556194,6%0,4%0,2%
2425Infiniti14910739,3%0,4%0,3%
2527SsangYong1408564,7%0,4%0,3%
2631Renault785347,2%0,2%0,2%
2734Citroen7532134,4%0,2%0,1%
2831Lamborghini675326,4%0,2%0,2%
2929Ferrari6381
3032Smart6139
3138Aston Martin3314
3235Rolls-Royce2926
3333McLaren2137
3428Fiat1983
3532Alfa Romeo1439
3640Maxus85
3737Jeep421
3841BYD32
3941Daihatsu22