Posts Tagged ‘sales’
FAW-Volkswagen sales up 16.48% in April
Published on May 22, 2012 by Joey Wang
The FAW Volkswagen joint venture managed to sell a total of 72,018 vehicles last month. The sales result represents year-on-year growth of 16.48 percent for the manufacturer. The Jetta and New Bora were the joint venture’s best selling models, with a total of 19,217 units and 18,522 units sold during the month, respectively.
China car sales up 5% in April, down 1.3% in first quarter
Published on May 15, 2012 by Joey Wang
Vehicle sales in China, the world’s largest auto market, rose in April but are down for the year amid tighter credit and slower economic growth.
The China Association of Automobile Manufacturers said Wednesday that April’s total vehicle sales rose 5 percent from a year earlier to 1.62 million vehicles. Sales for January-April, at 6.4 million vehicles, were down 1.3 percent.
Ford sales in China up 24% in April
Published on May 10, 2012 by W.E. Ning
Ford China vehicle were up 24 percent in April, evidence that the automaker is gaining a foothold in the world’s largest autos market, the company said on Tuesday. The launch of the new Ford Focus drove demand last month, Ford said. The car is the first of the 15 new vehicles Ford plans to bring to China by 2015.
Toyota sales in China up 68% in April
Published on May 9, 2012 by Joey Wang
Toyota Sales China
China sales by Japan’s Toyota Motor Corp and its two local joint-venture partners rose 68 percent in April from a year earlier to about 81,700 vehicles, according to a company spokesman.
For the first four months of the year, the Japanese automaker sold a total of about 293,200 vehicles, a 14.3 percent increase from the same period last year, said the spokesman, Takanori Yokoi.
Record sales for Porsche in China
Published on May 5, 2012 by Joey Wang
Chinese millionaires’ growing appetite for luxury has propelled German sports car maker Porsche to a new quarterly sales record. China has overtaken the US as Porsche’s largest market.
Porsche sales in China soared 79 percent to 7,099 cars in the first three months of 2012, leaving the sports car manufacturer’s deliveries to the US trailing at 6,671 vehicles, the company based in Stuttgart said Thursday.
Volvo plans to sell 200.000 cars a year in China
Published on May 3, 2012 by Joey Wang
Swedish car maker Volvo, owned by Chinese group Geely, said it was on track to meet its long-term goal of boosting sales more than four-fold in China after reporting a fall in 2011 earnings due to costs related to its expansion.
Volvo was bought by Zhejiang Geely Holding Group Co Ltd from Ford Motor Co in 2010. It plans to boost output from over 400,000 cars to more than 800,000 by 2020.
BYD’s profit down 90% in Q1
Published on May 1, 2012 by Joey Wang
The Chinese battery and car maker BYD Co Ltd, partly owned by Warren Buffett’s Berkshire Hathaway Inc, said its profit for the first quarter of the year fell as much as 90 percent as its two biggest businesses were harmed by China’s slowing economy and Europe’s debt crisis.
BYD, a Shenzhen-based company, said in a financial report filed with the Shenzhen Stock Exchange on Wednesday that it had 11.73 billion yuan ($1.9 billion) in revenue in the first quarter, up only 0.2 percent from the same period last year. Its net profit of 27 million yuan for the same period was down 89.86 percent year-on-year.
Honda wants to Double sales in China
Published on April 18, 2012 by Joey Wang
Japanese carmaker Honda Motor Co plans to double sales in China to about 1.2 million vehicles by 2015 through an expanded local lineup and ramped-up production.
The company’s China chief Seiji Kuraishi announced at a recent news conference that Honda will introduce more than 10 new and revamped models to China from 2013 to 2015 to support sales growth.
Volkswagen China sales up 15.6% in Q1
Published on April 13, 2012 by W.E. Ning
Sales in China by Volkswagen and its joint ventures rose 15.6% in the first quarter from a year earlier, due to strong demand for its Audi and Volkswagen brands. Sales in China, Hong Kong and Macau by Volkswagen Group China and its joint ventures totaled 633,800 cars in the first three months of the year, Volkswagen said in a statement Friday. Volkswagen-brand car sales rose 12.5% to 483.400 vehicles.
Ford sales in China Down 16% in Q1
Published on April 13, 2012 by Joey Wang
Ford’s sales in China fell almost 16% in the first quarter from a year ago, but its partnership in Russia reaped a 30% sales increase for the same period. Both are growing markets where Ford is investing to build more vehicles. China is the biggest global market, but the new car market has slowed after a decade of double-digit annual growth.
