Compared with March, car market has a sales decline of 12.85% in April, decreasing 2.91% with the same period of last year. In line with the market environment, most models have declining sales volume but Jetta has a slight increase. Lavida faces a 32.6% decrease of 16,700 units, 20 percentage points higher than the average market. Besides, Santana also underperforms the market. Analysts believe the competitive power of Shanghai Volkswagen will be weakened when other main brands are upgrading models.
May 24 , 2016Recently, China Automobile Dealers Association (CADA) released data that VIA (Vehicle Inventory Alert Index) reached 57.9% in April, 2016, higher than alert level, and it’s the consecutive 8th month of VIA higher than 50%.
May 23 , 2016According to China Passenger Car Association, the production of strictly defined passenger vehicles nationwide in China stood at 1,754,000 units, down by 14.2% against this March while up by 6.7% against last April. In the meantime, China has sold 1,638,000 passenger vehicles, down by 11.1% against this March while up by 8.1% against last April. For the first four months of 2016, the production of strictly defined passenger vehicles totaled 7,191,000 units, up by 7.7% compared against the same period last year while the sales of that totaled 7,081,000 units, up by 9%. Cui Dongshu, the general secretary of China Passenger Car Association, concluded that China auto sales fall below expectation this April.
May 23 , 2016China Consumers Association recently notices that some consumers have failed to register their new car due to the vehicle identification had already been used to register other unknown vehicles by some fraudsters.
May 19 , 2016Didi Chuxing, a Chinese transportation network company like Uber, charged two drivers, Dong and Wang, with improperly claiming for subsidizes. As a result, Wang will be imprisoned for eight months and pay a fine of CNY 1,000 while Dong will be imprisoned for ten months and pay a fine of CNY 1,000.
May 19 , 2016Personnel changes in BAIC is continuously going on. Recently, media reported that a total of 12 persons served as deputy manager-level positions and above were facing position changes. Other news came around that the personnel changes involved several hundred employees. Some internal staff revealed that, “The personnel change is more about work shift, involving BAIC group and the subsidiary BAIC Motor, Beijing Hyundai, Changhe Motor, BHAP and other operational segments.”
May 19 , 2016