German, Japanese, French, American, Chinese, Korean, British, etc., these cars have a certain customer base in China. In the past, Korean cars accounted for a relatively large proportion in China, but that was a long time ago. In recent years, the sales of Korean cars in Chinese mainland are getting worse and worse, if you look at the sales of Korean cars in Chinese mainland in recent years, I think you will give Korean cars a sweat, according to the degree of decline in recent years, I feel that quitting the Chinese market is sooner or later.
The data shows that from January to November 2021, Hyundai Motor's sales in Chinese mainland were 351198 units, and Kia's sales were 144991 units. At present, the data for December 2021 has not yet come out, even if the average is added, the sales volume in 2017 is also cut off. From 2017 to 2021, 4 years of time, the market evaporated a large half, according to this progress, the market quickly shrunk, then the question is, what happened to the Korean car?
When it comes to modern cars, many people first think of the Elantra. Data show: From January to November 2021, Elantra's sales in Chinese mainland were 111,630 vehicles, accounting for 31.78%, followed by Beijing Hyundai IX35 sales of 73,759 units, accounting for 21%, these two cars alone accounted for half of Hyundai, whether it is Hyundai or Kia, the price in China is basically in the range of more than 100,000 to more than 300,000, and the best-selling models are within 150,000, which is the strength of domestic cars.
In recent years, domestic Geely, BYD, Chery, Chang'an, etc. have risen, and the self-confidence of the Chinese people has also risen, and Korean brands have slowly lost the aura of joint ventures. On the cost performance of Korean cars more and more no advantage, so the Chinese brand to seize the sinking market of Korean brands, there is another core factor, that is, the Korean car replacement is slower, and the value is also regressing, I don't know if you have the same feeling?
Although the sales of Korean cars in China are getting worse and worse, but the sales in other countries are still very good, in 2019 the global sales of more than 7.9 million, the fifth in the world, stronger than Honda and Ford, although the sales in 2020 have declined, but the total global sales are still more than 6.94 million, relative to this data, there is still a big gap between domestic cars.