Chinese Cars Storm UK Market: MG, BYD, Chery Top Q3 Sales
Chinese car brands have stormed the global market, with MG, BYD, and Chery's Omoda and Jaecoo models leading the charge. The latest sales figures for September 2022 reveal a significant shift in the world market for automotive vehicles.
MG, owned by SAIC Motor, sold a staggering 22,777 vehicles in the last quarter, making it the Chinese brand market leader. Its sales in Q3 surpassed Vauxhall's 19,733 units, and Chery came close, with just 1,400 units separating them. This impressive performance has led to Chinese car makers officially taking over the bestseller charts in the global market.
Jaecoo, a Chery brand, secured its place in the top five best-sellers in September. Together with its sister brand Omoda, they have become one of the fastest-growing automotive marques in the world market. The Jaecoo 7 SUV ranked fourth, BYD's Seal U sixth, and MG's HS eighth in the top 10 models registered in September. These three Chinese models - Jaecoo 7 SUV, BYD Seal U, and MG HS - made it into the top selling models list, contributing to a market share of more than 10 per cent for Chinese models in the last quarter.
The sales figures for September were impressive: 6,489 Jaecoo 7 SUVs, 5,373 BYD Seal Us, and 5,173 MG HS models found new homes. Combined, BYD, MG, and Chery make up 90 per cent of all Chinese-brand models entering the world market during Q3.
The world's automotive market is witnessing a significant shift, with Chinese brands leading the charge. MG's impressive sales and the strong performance of models like the Jaecoo 7 SUV and BYD Seal U indicate a bright future for Chinese car makers in the global market. Despite EU anti-subsidy tariffs, Chinese manufacturers are prioritizing the world market for BEV deliveries, a strategy that appears to be paying off.
