Gasgoo.com (Shanghai) - A total of 579,979 SUVs were sold in China during the month of September, according to statistics compiled by Gasgoo.com (Chinese). That figure represents year-on-year growth of 62.8%. While both domestic own brand manufacturers and Sino-foreign joint venture enterprises achieve positive growth in terms of SUV sales, results did vary. While sales of own brand SUVs grew a fully 72.4% year-on-year, those of foreign brand SUVs increased slightly less, growing 53.4% year-on-year. A total of 275,185 foreign brand SUVs were sold in the country over the course of the month. Not only did growth rates fail to meet the market average, the proportion of SUV sales that were of foreign brand models fell to 47.4%, down 3 percentage points from last year.
Nov. 8 , 2015With that being the fact, China’s SAIC (600104), after several days of trading halts, unveiled its plan to raise 15 billion yuan through non-public shares, and those money would be put into alternative energy, intelligence manufacturing and automotive e-commerce and finance.
Nov. 6 , 2015Gasgoo.com (Shanghai) - As the total number of automobiles on Chinese roads continues to increase, it has become an inevitable fact that market growth will also drop off. In spite of this, it was unexpected by many that market growth rates would fall as far as they did this year. Earlier this year, the China Association of Automobile Manufacturers revised its sales growth forecast for 2015 from 7% down to just 3%. The sedan segment has been pointed out in particular for slowing the overall market down.
Nov. 5 , 2015In the evening of November 3rd, Jeep’s first China-built model new Cherokee was officially unveiled. The first batch of new Cherokee shared a common engine displacement 2.4L, with price ranging from 229,800 to 315,800 yuan.
Nov. 4 , 2015