Gasgoo.com (Shanghai) - Volkswagen’s recent scandals with covering up the extent of emissions coming out of their vehicles have raised different responses across the world. In the US, where VW gave large amounts of compensation to affected owners, the brand’s reputation still suffered, going as far as tarnishing the prestige of German automakers as a whole. By comparison, in China consumers voiced complaints that they were not receiving similar compensation to consumers of other countries. However, VW still continues to lead the Chinese market by a large margin, as the brand dominates a huge share of the Chinese market.
Sep. 6 , 2016Gasgoo.com (Shanghai) - The automotive market in China has undergone rapid development over the last decade. One result of this development is that more and more own brand automobile manufacturers have been moving to developing their own engines and transmissions.
Sep. 1 , 2016Gasgoo.com (Shanghai) - One of the biggest questions that affects the automotive industry is the question of brand allegiance. Specifically, the power of brands with seemingly uncompetitive products to still attract consumers is a topic of major interest. One such brand is Sweden’s Volvo.
Aug. 31 , 2016Gasgoo.com (Shanghai) - With over half of the year already past, the question arises, which automotive manufacturer has achieved the highest net profits so far? A recent report from the Nanfang Daily revealed that JVs affiliated with Ford, VW and other foreign brands have posted net profit rates far higher than those of domestic own brand manufacturers. On average, JVs earned an average of 20,000 RMB for each new vehicle sale made. However, own brands have been benefiting from increased SUV sales, which have allowed them to somewhat catch up with their JV competitors. However, this growing competition has also increased the average cost each vehicle sold in the country.
Aug. 17 , 2016Gasgoo.com (Shanghai) - Ever since the rise of the Chinese automotive market, the topic of when and how domestic own brand manufacturers will be able to take on joint venture enterprises has stirred heated debate.
Aug. 11 , 2016Gasgoo.com (Shanghai) - Compared to the previous two years, sales of Chinese SUVs over the first half of this year have begun to lag behind. A number of models, including the Changan CS75, BAIC Huansu S3, Zotye T600, JAC Refine S3 and Changan CS35, have all seen their monthly sales volumes fall. Only four own brand models managed to make the top ten individual model sales charts in April, compared to a high of eight from the previous year. That number has fallen even further in May and June, when only three of the ten best-selling SUVs in the country were domestic own brand models. Chinese manufacturers’ market share in the SUV segment has also been slipping.
Aug. 9 , 2016