Posts Tagged ‘sales’
Nissan China Sales up 21.9% in 2011
Published on February 8, 2012 by Tycho de Feyter
Nissan China sold 1.24 million Nissan and Infiniti vehicles in China in 2011, a 21.9% increase from the previous year. Although Nissan is a relative new comer in China, it managed to accelerate its expansion with partner Dongfeng Motor.
GM China Sales Down 8% In January
Published on February 8, 2012 by Tycho de Feyter
Automaker General Motors Co. on Tuesday said sales in China in January slipped 8 percent from last year, but improved 25.3 percent sequentially, amid three fewer shopping days due to the Lunar New Year Holiday.
The automaker and its joint ventures sold 246,654 vehicles in the month. Sales of GM’s lineup of passenger cars totaled 124,073 units, while SAIC-GM-Wuling’s mini-vehicles and passenger cars sold 119,948 units. FAW-GM, GM’s light-duty commercial vehicle joint venture, sold 2,433 vehicles during the month in China.
SAIC auto sales down 8.48% in January
Published on February 8, 2012 by Tycho de Feyter
Top Chinese automaker SAIC Motor Corp reported its first monthly sales decline in six months in January as automakers and dealerships closed shop for the week-long Lunar New Year holiday.
SAIC, which makes cars in partnership with General Motors and Volkswagen, delivered 380,305 vehicles in the month, down 8.48 percent from a year earlier, it said in a filing with the Shanghai stock exchange on Tuesday.
Infiniti’s China sales up 60 percent in 2011, local production not sure yet
Published on February 7, 2012 by Tycho de Feyter
Despite massive earthquake and tsunami in Japan last March that interrupted production for months, Japanese carmaker Nissan Motor’s luxury unit Infiniti reported a 60 percent rise in 2011 China sales.
The full-year delivery of 19,075 units maintains China as its second-largest market worldwide for the second straight year. The company said in a statement that it plans to boost sales by 50 percent this year to about 30,000 units and add more than 30 new dealerships.
Volvo reports record sales in 2011
Published on February 5, 2012 by Tycho de Feyter
Net sales of the Swedish Volvo group in 2011 reached a record high level of 310.3 billion Swedish kronor ($46 billion), up 17.2 percent compared to 2010, said the company in its annual fiscal report on Friday.
Volvo’s income after taxes last year rose to 18.1 billion Swedish kronor, up 61.6 percent from the year before, while the company registered the highest net sales, operating income and margin, said the report.
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.
