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MPVs to be the ‘next big thing’ in China

MPVs in China, Chinese car market

Even as Chinese car buyers feed a boom in crossovers and sport utility vehicles (SUVs), automakers are looking ahead to the likely 'next big thing' and reckon affordable people-carriers, or multi-purpose vehicles (MPVs), could be it.


Shifts towards electric cars in many cities, potential breakthroughs in autonomous, self-driving technology and lifestyle changes with the relaxation of China's one-child policy pose challenges for product planners in the world's largest autos market.


In the near-term, some predict car buyers will want roomier, more comfortable interior space. Further ahead, others see self-driving cars and electric propulsion leading to radically new body styles with even more space and comfort in cars.


Chinese tend to live near their parents, and the changes to the one-child policy are expected to make family units larger, Hiroji Onishi, head of Toyota Motor's China operations, said on the sidelines of the Beijing auto show.


"We think MPVs have good prospects in China. Given those changing life-stage needs, we think what's going to be popular are smaller, more affordable MPVs like the Noah Voxy, a compact minivan which we market in Japan," he said.

他指出,"我们认为MPV在中国有良好前景。鉴于人们在不同阶段的需求变化,我们认为未来受欢迎的是更小型、更经济的多功能汽车,譬如我们正在日本销售的紧凑型厢式旅行车Noah Voxy。"

Rising demand for MPVs contributed to an 8.8 percent increase in overall vehicle sales in March, according to the China Association of Automobile Manufacturers. MPVs account for about 5.5 percent of China's passenger vehicle market, with sales of 1.08 million vehicles last year, says consultancy IHS Automotive.

据中国汽车工业协会,3月汽车整体销售增长8.8%,MPV需求的增长也为此做出了贡献。汽车行业咨询公司IHS Automotive称,MPV约占中国乘用车市场的5.5%,MPV去年销量达108万辆。

At the more affordable end of the market are the Wuling Hongguan microvan and the Baojun 730, a minivan from SAIC-GM-Wuling. Among global automakers' offerings are the Buick GL8 and Honda Motor Co's Odyssey. The MPV segment has also expanded into a lucrative niche for spacious, luxury people-movers such as the Mercedes-Benz Viano and the Alphard.


James Chao, Asia-Pacific managing director at IHS, believes other global automakers will mimic GM's strategy of emphasizing a market for affordable, family-oriented minivans. Chao, meanwhile, sees China's SUV boom making up as much as 45 percent of the total market in around a decade – in line with industry trends in the United States – up from around 35 percent today and just 10 percent five years ago.


The boom has been driven by China's well-off thirty somethings who want sleek looks and a roomy interior. Auto executives and industry experts predict SUV sales will continue to grow strongly for several years, even as the market becomes more crowded and profitability dips.


MPVs aren't likely to hit those heights, but demand is expected to grow at 5-6 percent a year, Chao said. "We expect the popularity of MPVs will spread more and more to family purchases".



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