Changan Automobile Plans Car Sales of 2.33 Million This Year

Changan Automobile production and sales bulletin of Dec 2013 was published on night of 9 Jan. In Dec 2013, Changan and its joint venture produce overall 199,437 cars, and sell 202,162 cars, which have increased 10.57% and 14.86% respectively over performance of last year. From Jan to Dec of 2013, Changan accumulated produces 2,110,403 cars and sells 2,120,018 cars, which have increased 21.12& and 20.76% over last year.

Influenced by mini bus inventory digesting, Changan production and sales of Nov growth slows down. However, from statistics of Dec, production and sales are both bounced over last month, particularly sales 3.49% growth over last month. However, considering about automobile industry market warming up in fourth quarter of 2012, the base is relatively high. Therefore, production and sales of Dec 2013 growth rate is slightly decline over the first three quarters.

From perspective of different products, joint venture brands of Changan increase faster. Among them, Changan Mazda remains 299.78% and 140.91% respectively growth of production and sales of Dec after sales rapid increase of Oct and Nov. besides, star of 2013 Changan Ford remains its high growth. Its production and sales increase 41.30% and 41.7% respectively. On the other hands, Changan owned brand remain stable.

Changan publishes its operation plan for 2014. “According to result of 2014 budget, operation goal of Changan 2014 shall be: production and sales exceeding 2.33 million, sales income exceeding 17.5 billion Yuan (Consolidated statements income around 4.09 billion Yuan)”. Compared with figure of 2013, Changan 2014 production and sales growth are 10%.

Changan told media that for fulfill the above goal. The company will focus on new product platformlization, universalization, modularization and famililization. Changan will invest into core technology development and label “energy saving, safety, fashion as intelligence” as its icon. It will make sure that upper middle SUV, CS75, new Benni, new Alsvin etc. “12 cars 3 engines” put into operation and launch market in time.

Changan publishes its marker performance of 2013 before. It expects profit of 3.2 to 3.8 billion Yuan, which has increased 121.24% to 162.72% over performance of last year. Earnings per share are around 0.69 to 0.81 Yuan. Changan told media that performance increase main contributes to Changan new modes of Escape, Ecosport and new Mondeo marketing launching.