Gasgoo.com (Shanghai) - After a poor showing in June, the Chinese passenger automobile market’s overall performance continues to stumble into July. The sedan market in particular performed poorly. According to statistics from Gasgoo.com (Chinese), only 691,039 sedans were sold in July, down 19.5% from the previous year. Sedan sales only make up 57.3% of all Chinese passenger automobiles sold in the country, down 10 percent points from last year.
Sep. 17 , 2015Gasgoo.com (Shanghai) - Suffering from a lagging economy, burgeoning inventories and struggling stock market, the Chinese automotive dealership industry has seen both demand and sales fall. Despite the fact that automotive manufacturers have used several measures to counteract these trends, including cutting prices, limiting production and offering subsidies for automotive dealerships. However, these measures have not been enough to solve the problems dealership networks are facing. Most dealership networks in the country have reported falling net profits for the first half of this year.
Sep. 17 , 2015China is drafting Stage VI Emission Regulation, which will be accomplished by the end of 2016. Given current demand on environmental protection, the sixth stage standards will further tighten emission limits of oxynitride and PMs by 30% upon Stage V Standard.
Sep. 15 , 2015Gasgoo.com (Shanghai September 14) -Hyundai listed new Tucson recently with a promotional selling point of "1.6T at less than 170,000 yuan". The average price of the new model is 159,900 to 239900 yuan, which not only substantially lowered the general price range of middle-sized SUV built by the joint-ventures, especially for joint venture's the T-powered SUV models.
Sep. 15 , 2015