Posts Tagged ‘sales’
Lexus China wants to sell 50% more cars this Year
Published on February 2, 2012 by Tycho de Feyter
After a year of sluggish growth partly due to a massive earthquake and tsunami in Japan last March, Toyota’s luxury unit Lexus aims to boost sales in China by more than 50 percent to 88,000 units this year. The company said in a statement that by the end of the year, it will have 100 authorized dealer outlets in operation, up from the 81 dealerships to date.
SAIC Motor forcasts over 40% rise in 2011 profit
Published on February 2, 2012 by Tycho de Feyter
Top Chinese automaker SAIC Motor Corp Ltd has forecast a rise of more than 40 percent in 2011 net income on solid demand for German and American marques made at its Shanghai ventures.
“Growth was under expectations, but investors could be more bothered about the outlook for 2012,” said Cao Xuefeng, head of research at Huaxi Securities in Chengdu.
Great Wall Motor targets 23% sales growth in 2012
Published on January 18, 2012 by Tycho de Feyter
Great Wall Motor Co Ltd, China’s top manufacturer of sport utility vehicles and pick-up trucks, aims to deliver 23.3 percent more vehicles in 2012 from last year. Great Wall said it aimed to sell 600,000 vehicles this year. The total last year was 486,800, according to the China Association of Automobile Manufacturers.
Dongfeng sets 2012 sales target at 3.3 million vehicles
Published on January 17, 2012 by Tycho de Feyter
Dongfeng Motor Corp, China’s second-largest carmaker by sales, last week announced a 2012 sales target of 3.3 million vehicles, an 8 percent increase from last year.
The auto group based in Hubei province in Central China said in a statement that it also aims to improve sales revenue to 420 billion yuan this year, up from 400 billion yuan in 2011.
BMW sales in China up 37% in 2011
Published on January 17, 2012 by Tycho de Feyter
Riding the tide of booming luxury car demand in China, BMW reported sales of more than 232,000 vehicles on the mainland last year, a surge of 37.6 percent over 2010.
The record tally, including 217,068 BMWs and 15,518 MINI cars, consolidated China’s position as the carmaker’s third-largest market for a second year after the US and Germany.
GM’s Kevin Wale: China’s car market to top 20 million in 2012
Published on January 15, 2012 by Tycho de Feyter
General Motors predicts new record, on the back of another.
The Chinese new-car market is on track to top 20 million this year, the first country to do so. So says the boss of General Motors China, the biggest-selling brand in the world’s biggest car market. “I think it will nudge 20 million,” GM China President Kevin Wale said at the Detroit motor show.
Growth in China car sales hits lowest level since 1999
Published on January 12, 2012 by Tycho de Feyter
BEIJING – Sales of passenger vehicles in China increased by 2.8 percent from 2010 to 2011, the lowest growth rate recorded since 1999. The decline came as the growth of the country’s economy slowed and the government ceased favoring the industry with stimulus policies.
Ford’s China sales up 7% in 2011
Published on January 11, 2012 by Tycho de Feyter
Ford Motor Co. said its vehicle sales in China totaled 519,390 units in 2011, an increase of 7%, as growth of commercial vehicle sales outpaced that of passenger vehicles. Sales in China by Ford and its joint ventures rose 10% in December to 49,238 vehicles, the company said in a statement. Read more »
BAIC Motor profit up 46% in 2011
Published on January 10, 2012 by Tycho de Feyter
Beijing Automotive Group (BAIC), the Chinese partner of Daimler AG and Hyundai Motor Co, Monday said that its profit in 2011 increased by 46.1 percent year-on-year, far beyond the average 8-percent growth for the whole industry in China.
GM China Sales up 8.3% in 2011; new Record
Published on January 9, 2012 by Tycho de Feyter
General Motors Co., the biggest foreign automaker in China, said it expanded sales in the country to a record last year, led by demand for its Buick and Chevrolet sedans.
Deliveries to Chinese dealers in 2011 climbed 8.3 percent from a year earlier to 2.55 million vehicles, the Detroit-based company said in a statement today. Sales of mini commercial vehicles and sedans at GM’s minivan venture with SAIC Motor Corp. rose 4.8 percent to 1.29 million units.
