Friday, February 23, 2024
30 C
Brunei Town

Chinese-owned MPV brands see decline in market share

BEIJING (XINHUA) – Chinese-owned brands saw their share of the country’s multi-purpose vehicle (MPV) market fall slightly in 2021, according to data from the China Association of Automobile Manufacturers.

Sales of Chinese-owned MPV brands fell 0.3 per cent year on year to 720,000 units last year, accounting for 68.3 per cent of the total MPV sales in the country.

Their market share declined 0.3 percentage points from 2020.

Sales of the country’s top 10 MPV models reached 597,000 units, accounting for 82.9 per cent of the total.