• Sun
  • Dec 21, 2014
  • Updated: 10:05am

Automotive Industry Crisis of 2008–2009

Analysts bullish despite plunge in January sales

Analysts are still positive about the outlook for the mainland's car industry despite a 23.8 per cent year-on-year fall in passenger car sales last month to 1.16 million units - the biggest drop in three years.

Wednesday, 15 February, 2012, 12:00am

SAIC keeps lead on mid-sized car appeal

High petrol price fails to deter buying interest

Sales increases of 25.8 per cent at SAIC Motor Corp and 30 per cent at Ford China last year indicate mid-sized cars will retain their market appeal, despite high petrol prices and efforts to promote small 'green' cars.

10 Jan 2008 - 12:00am

Mainland car sales growth expected to slow

Sales remain firm, but rising interest rates, higher oil prices put pressure on consumers

Rising interest rates and high crude oil prices put pressure on mainland vehicle sales during the fourth quarter, but figures remained strong.

5 Jan 2008 - 12:00am

Mainland car sales rise 24pc as incomes grow

Car sales in the mainland rose 23.8 per cent in the first three quarters from the previous year as rising incomes helped fuel sales, according to the China Association of Automobile Manufacturers.

16 Oct 2007 - 12:00am

Price cuts help car firms hit sales goals

The mainland car market hit its sales target for the first half of the year, boosting sales 23.31 per cent to 4.37 million vehicles as carmakers cut prices to attract buyers.

China, which surpassed Japan as the second-largest vehicle market in the world last year, is expected to sell 8.5 million units this year, an 18 per cent increase from last year.

12 Jul 2007 - 12:00am

Easing price war lifts profits at carmakers

China's vehicle industry enjoyed an excellent first five months of the year, with sales increasing nearly 30 per cent and profits up more than 70 per cent but rising inventories and threats of a price war bode for a leaner second half, according to official figures published yesterday.

29 Jun 2006 - 12:00am

New-found passion for cars looks set to keep on rolling

With an array of government policies so far failing to curb vehicle sales, the mainland love affair with the car is showing no signs of cooling off.

Sales are rocketing as a result of spreading wealth and falling prices, making the country the third-largest market in the world after the United States and Japan.

5 Jun 2006 - 12:00am

Manufacturers take first steps to exploiting the exports sector

Moving on from the undoubted success of selling the world lots of cheap clothing, toys, and consumer electronics, manufacturers are eyeing motor vehicles as the next big export item.Indeed, Chinese car makers have made impressive progress in recent years.

5 Jun 2006 - 12:00am

Domestic producers begin to strengthen at low end of the market

While foreign car makers with their joint ventures hold a strong lead over their Chinese competitors, especially in the higher-end segment, mainland manufacturers are showing signs they want to be serious contenders.

5 Jun 2006 - 12:00am

Mainland car exports accelerate

Shipments leap 139pc and value rises to US$647m, putting China on the road to superpower status

While carmakers in Europe and North America implement major job cuts, China announced at the weekend a surge in vehicle exports in the first quarter.

8 May 2006 - 12:00am

Truck firm wins US$350m Iran order

China National to export 10,000 units a year and set up joint-venture plant

A state-owned company in Shandong province said yesterday it had won the biggest single export order for a Chinese carmaker worth US$350 million.

24 Feb 2006 - 12:00am