Car Sales

China's coming 'baby boom' fuels need for more spacious cars

A Mercedes-Benz SUV on show at a Beijing dealership. Demand for larger cars will rise as China eases its one-child policy. Photo: Reuters

After buying a Volkswagen Magotan in 2011, two months before the birth of his first child, Zhang Lin is now considering a more spacious car because he wants a second child following the relaxation of the mainland's one-child policy.

Saturday, 18 January, 2014, 12:57am 1 comment

Geely roars past its sales growth target

Geely is keen to speed up export growth over fears that a cap on new car registrations on the mainland may be widened. Photo: Xinhua

Sales at mainland carmaker Geely Automobile in the first four months of this year are already well ahead of its target growth rate, the company said, and it predicted a strong second half as long as the government did not further limit new car sales.

17 May 2013 - 6:28am

Nissan says China sales to recover in three months despite island dispute

Nissan sells about one in four of the cars it makes in China.

Nissan Motor, the Japanese carmaker that sells the most cars in China, expects sales in the world's largest car market to rebound within three months, as demand for Japanese-branded vehicles recovers.

5 Apr 2013 - 5:10am

Brilliance Auto expects sales to soar

Brilliance chairman Wu Xiaoan is confident about luxury car growth.

Brilliance Auto, BMW's partner in China, expects sales to jump 24.34 per cent this year to 200,000 units despite health concerns over its cars. Allegations about the use of cancer-causing car components have plagued BMW and its German rivals, including Audi and Mercedes-Benz, since they were raised by a media report earlier this month.

28 Mar 2013 - 6:31am

Guangdong eyes green car growth

BYD says strong car sales over the past few months will boost its net profit by up to 4.2 times in the first quarter. Photo: May Tse

Guangdong plans to spend 57.3 billion yuan (HK$70.82 billion) over the next 10 years to lead the mainland in producing new-energy vehicles, but will still fall far short of the sales target.

26 Mar 2013 - 3:18am

Mainland car market 'to keep on growing'

On the road

Analysts and carmakers say the mainland's car market will still see up to 10 per cent growth this year, despite fear of more government policies to limit car ownership.

While car sales on the mainland jumped 4.3 per cent last year to 19.3 million units, the growth was only about half the industry's original estimate of between 8 and 10 per cent.

28 Jan 2013 - 4:39am

GM retains top sales slot among foreign carmakers in China

A General Motors Orion Assembly plant. Photo: AP

General Motors outsold Volkswagen on the mainland last year, keeping its lead among foreign carmakers in the country for an eighth year, after sales of the US carmaker's Wuling minivans climbed to a record.

15 Jan 2013 - 4:15am

VW sees bumpy road after record 2012 sales

VW emblems are lined up at a production line at the German carmaker's headquarters and main manufacturing plant in Wolfsburg. Photo: AFP

Volkswagen prepares for tougher competition and more uncertainties as Europe's largest carmaker pushes for growth in the United States and China to offset slumping demand in its home region.

15 Jan 2013 - 4:10am

Hyundai and Kia target 4.1pc rise in global sales

A Hyundai car on display at the company's showroom in Seoul. The firm wants to sell 4.66 million vehicles this year. Photo: Bloomberg

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 a slowing economy.

The carmakers were targeting combined sales of 7.41 million vehicles, Chung Mong-koo, the chairman of the companies, told employees yesterday.

3 Jan 2013 - 4:57am

VW battles with GM for top car sales in China

VW hasn't held the sales lead in China since 2004. Photo: AFP

Volkswagen (VW) will vie with General Motors (GM) for the sales crown among foreign carmakers in China next year, gaining share as Japanese carmakers led by Toyota Motor struggle to recover amid a territorial dispute.

27 Dec 2012 - 1:59am

Briefs, December 11, 2012

China car sales near two-year high

11 Dec 2012 - 2:55am

Luxury car firm rolls out mainland expansion drive

Yongda aims to expand into China's less-developed regions.

Shanghai-based luxury car dealer China Yongda Automobiles Services plans to open and acquire more outlets in the country's less-developed regions amid a rapid urbanisation drive.

Vice-chairman Wang Zhigao said the company was placing its bet on growing demand for cars along with the quicker pace of urbanisation, a policy the new leadership hopes will stimulate domestic demand.

26 Nov 2012 - 12:55am

Japanese carmakers' sales suffer damage from islands dispute

A Toyota decorated with ornaments to bring good luck.

It seemed like the wait would be endless for Zhan Junjie, a Toyota salesman at a dealership in Pudong, Shanghai.

Finally, for the first time that day, a customer ambled in. After a brief chat, the salesman gave him a catalogue of Toyota's blockbuster Camry model, before elaborating on the cars' performance and price.

6 Nov 2012 - 3:12am

Yongda to expand outlets on IPO cash

Mainland car dealer China Yongda has drawn up an ambitious plan to add 25 dealership outlets this year, which it plans to fund with the HK$3.37 billion it seeks to raise in its Hong Kong initial public offering.

18 May 2012 - 12:00am

Car sales tipped to jump 14pc this year

Mainland car sales are tipped to rise up to 14 per cent this year despite stagnant growth so far this year, according to a new survey.

Forty key players in the mainland's car industry polled between April and May said the sector would grow between 12 per cent and 15 per cent in the next five years.

2 Jun 2011 - 12:00am