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  • August 31, 2014
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  1. Manufacturers warned against overexpansion

    Posted Apr 25th 2012, 12:00am

    ... into options such as after-sales services or used car sales. Tan Peng-wei, the Asia president of ADP, said manufacturers should provide more training to sales agents as the industry was still young ... and demand. The conference was held on the sidelines of the Beijing Auto Show. 'We expect sales of imported cars to grow by about 20 per cent to one million this year,' said Sun Yong, ...

  2. Top brands shrug off luxury car tax raise

    Posted Jul 31st 2003, 12:00am by Staff Reporter

    ... to 100 per cent. Mr Rushworth said that while many of the top car manufacturers were increasing their market share, the market in smaller cars was suffering from a lack of buyers among ... car market, with Mercedes-Benz and BMW actually increasing their market share. Although some dealers had feared a drop of 50 to 60 per cent in sales, figures show that Hong Kong's love ...

  3. Road to success

    Posted Jul 18th 2012, 12:00am

    ... in the beginning until they get established,' Tynan says. The local industry faces competition within China. 'Regional production is increasingly coming from inland and once a car manufacturer ... David Powell As China has roared into position as the world's largest car market, Hangzhou's production and components markets have gone along for the ride. With light-vehicle ...

  4. Business - China Business - CARS

    Rising affluence seen driving car sales in China

    Posted Sep 06th 2012, 12:00am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com Rising affluence seen driving mainland sales The mainland's car market could grow 12 per cent annually in the next four years, driven by rising ... and steady growth can be still expected." Naumann said the key driver for the world's largest car market remained rising affluence that fuelled demand for vehicles. AlixPartners believed ...

  5. Mainland car sales likely rose in first two months

    Posted Mar 07th 2012, 12:00am

    ... Anita Lam anita.lam@scmp.com Mainland car sales are expected to have rebounded last month following the biggest monthly drop in three years recorded in January, according to preliminary data from the China Passenger Car Association (CPCA). The data indicates that February shipments of new cars from manufacturers to dealers jumped by more than 25 per cent compared with the same ...

  6. Money makes the wheels go around

    Posted Apr 08th 2005, 12:00am by Eric Ng

    ... Eric Ng Sales of luxury cars surge despite slowdown in overall market China's wealthy are buying more luxury cars despite macroeconomic tightening and a slowdown in overall vehicle sales. While some consumers' propensity to spend has been affected by economic uncertainties, sales growth in the mainland's luxury car market- where most buyers pay cash- has surged, ...

  7. Business - Companies - CARS

    Hyundai and Kia target 4.1pc rise in global sales

    Posted Jan 03rd 2013, 12:00am by BLOOM

    ... Bloomberg in Seoul Hyundai and Kia target 4.1pc rise in global sales Hyundai Motor and affiliate Kia Motors, South Korea's largest carmakers, plan to increase global sales by 4.1 per cent this year, as international and domestic markets struggle with ...

  8. After-sales services set to boom

    Posted Apr 09th 2012, 12:00am

    ... Anita Lam anita.lam@scmp.com With the mainland car market now in the slow lane after two years of explosive growth, industry players who have invested in after-sales networks are set to reap the benefits of the millions of new cars on the roads that now need repairing and cleaning. The after-sales market- which includes repairs, insurance and detailing- is more profitable than ...

  9. Car sales slip again in world's top market

    Posted Dec 09th 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com Mainland passenger car sales fell last month for the second time this year, according to preliminary figures. Wholesale shipments of passenger cars from manufacturers to dealers declined 0.3 per cent from a year ago to 1.34 million units, unofficial data from the China Passenger Car Association (CPCA) shows. That marked the second contraction this year ...

  10. Volkswagen aiming for pole position

    Posted Aug 06th 2012, 12:00am

    ... Volkswagen aims to replace Toyota as Hong Kong's No 1 car seller in terms of sales, product range, and after-sales service by 2018. That means Volkswagen will have to nearly double monthly sales to 6,000 cars over the next six years in a market where the number of new car registrations grew just 8.35 per cent a year on average in the five years to 2011. But Volkswagen's ...




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