Gasgoo.com (Shanghai) - Due to weak sales by Korean manufacturers, foreign brand SUV sales growth has fallen below that of the overall SUV market average. However, the cumulative sales performance for foreign brands for the first seven months of the year has been very strong, with their market share increasing over that time period.
Sep. 16 , 2014Gasgoo.com (Shanghai) - Foreign brands are continuing to perform strongly in the Chinese passenger automobile market, with their sales growth rate in July still above the industry average. Their combined market share is also continuing to increase, much to the dismay of own brand manufacturers. According to statistics compiled by Gasgoo.com (Chinese), a total of 885,900 foreign branded domestically manufactured passenger automobiles were sold in the country this July; 10.5 percent than the 801,400 sold in July 2013. July also marked the first month that foreign brands' market share broke the 70 percent mark, up 0.3 percent from the previous year.
Sep. 3 , 2014Gasgoo.com (Shanghai) - Now the world's largest automobile market, China has long since been a major part of Volkswagen's global strategy and a major source of its total profits. The Chinese market also possesses great potential for growth, with sales and profits increasing on a daily basis. VW's performance figures over the last few years provides a good example of the rapid growth of the market.
Aug. 12 , 2014Gasgoo.com (Shanghai) - The Chinese passenger automobile market has managed to maintain rapid sales growth during the first half of 2014. A total of 8.87 million automobiles were sold in China over the first six months of the year; that figure represents positive year-on-year growth of 14.8 percent. However, while a few major automobile manufacturers have reported high growth rates, there are still several manufacturers whose performances are a little worrying.
Aug. 12 , 2014Gasgoo.com (Shanghai) - According to data from Gasgoo.com (Chinese), Audi, BMW and Mercedes-Benz were once again China's most successful luxury automobile manufacturers over the first half of this year. The German big three was followed by Jaguar Land Rover, Lexus, Volvo, Cadillac, Porsche and Infiniti. Citroën's DS brand followed right after Infiniti.
Jul. 29 , 2014