• Wed
  • Nov 26, 2014
  • Updated: 7:48pm

Car Sales

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

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

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 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 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

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'

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

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

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

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

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

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

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

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