Tencent released its auto consumption index report on Jan 31. The data of the nine segment markets in January showed signs of recovery in the car market, according to Tencent's Auto Consumption Data Institute.
The attention indexes of compact cars, luxury cars and MPVs in the nine segment markets remained unchanged from the previous month, with small cars experiencing a modest rise. Others were subject to a decline.
The contrast in activity of the indexes of the nine segment markets were equal to those of the previous month, with some experiencing a steady rise.
The reputation indexes of these markets maintained a stable level, some experiencing a rise.
The three indexes of the minivan market saw a slight decline during January..
The markets for small cars, compact cars, and medium-sized cars were dominated by domestic models, the majority of which were made under joint venture agreements.
Overall, the indexes of the small car market increased this month. The attention and reputation indexes of the compact car market were flat, while the contrast activity index experienced a modest rise of 8 percent month on month. The attention index and contrast activity index dropped in the medium-sized car market.
Imported cars took up a certain proportion in the large and medium-sized market and the three indexes ranked in the middle.
The luxury car market was dominated by imported cars, with the three indexes ranking lower.
The attention index and contrast activity index in the MPV market were equal to those of the previous month while the reputation index went up over the same period.
The SUV market remained stable and active, with the three indexes scoring highly. The attention index and contrast activity index reduced this month.
Imported cars continued to dominate the sports car market. The three indexes were at a low level and the attention index and contrast activity index went further down.