China auto news this week(07.03.26-07.03.31)
This week,China Automobile Industry Association continued to release China auto production and sales figures. Although the sales declined compared to last month, it increased more than 20% YoY.
Meanwhile, auto manufacturers' price cutting war is still going on. DFL announced its price plunging plan for all series. Who's going to be the winner of March? Let's wait and see, consumers will give the market an answer.
Hereunder are the top news this week:
Commercial vehicle sales analysis in February
By Ally From:www.globalautosourcing.com March 30 2007
Influenced by the long Chinese spring festival, sales of vehicles in February increased by 15.3% year-on-year to 553,381 units, commercial vehicle sales rose slightly to 135,730 units (+0.20 %). Sales per day in February were 26,351 (+54%)，up13.92% compared with the previous month; Commercial vehicle sales per day rose to 6,463 (+33.6%), up 21.7%.
Heavy pickups sales climbed to 24,175 (+31.7%) for a single month and reached 51,804 (+72.5%) for the two months. Market shares of Beiqi Foton, FAW, Shanxi Auto and North Benz advanced by 8.61 percent compared to that of the same month last year. Sales of Weifang's diesels engine plant in Shandong province surged to 25,763 (+135% year on year) being the engine supplier for the above four automakers; sales of passenger vehicles surged by 64.77% in the second month, which mainly contributed by exports orders.
Passenger vehicle sales increased to 21,844 (+41.04% year on year) in the past two months. Passenger vehicles with a body length of more than 12-meter or 9-10 saw the biggest rise, while those of 8-9 meters sales rise slightly; buses are still the hot sellers, whose sales increased to 5,146 (+56.56%).
The first two month's commercial vehicle sales topped 100,000 units
By Jorvan From:www.globalautosourcing.com March 30 2007
China Automobile Industry Association, yesterday: in February of this year, China's auto production and sales dropped slightly higher than that of commercial vehicles, but there is a 100,000 unit inventory of commercial vehicles. Professionals said that the fierce competition of commercial vehicles would come in March.
According to China Automobile Industry Association statistics, in February, auto sales declined compared to that of January, and the margins were more than that of auto production, auto production and sales were 570,500 units and 553,400 units, dropped 25.12% and 22.83% respectively; and passenger cars production and sales were 420,000 units and 416,600 units, dropped 26% and 24.41%respectively; commercial vehicle production and sales were 150,500 units and 135,700 units, declined 22.55% and 17.53% respectively compared to January.
However, the data showed that commercial vehicle production and sales shortfall are much higher than passenger cars. In the first two months of this year, auto production and sales were 1,392,200 units and 270,000 units, 122,200 in inventory: Inventory of 17,400 units was passenger cars; commercial vehicle sales were 103,800 units.
Guangzhou Toyota made industry record
The 100,000th Camry came off assembly line
By Jorvan From:www.globalautosourcing.com March 30 2007
On March 28, 2007, Guangzhou Toyota held a simple but stern ceremony to celebrate The 100,000th Camry to come off the assembly line. The 100,000th Camry means that Guangzhou Toyota Camry total output reached 100,000 units just within 10 months since it has been in operation in May 2006, which created a new record in automobile industry.
By the 25th, Guangzhou Toyota has received official orders for a total of 113,445 copies across the country. In order to ensure high-quality products, Guangzhou Toyota scientifically and systematically controlled the production: from May to September 2006, it maintained 7800 units, in October, production capacity was further improved, in November it reached more than 13,000 units; Currently, the output of Guangzhou Toyota Camry production is expected to reach 15,000 units in March.
From December 2006 to February 2007, Camry won three consecutive championships in mid and high-class cars market. In February 2007, despite the impact of the Lunar New Year holidays, Camry still went on a sale of 10,422 units, as the only model with sales more than 10,000 units in middle and high-class car market. Camry has gained more than 40 awards in the industry. Camry have become the true No.1 in mid and high-class cars market.
Mini-car sales drop by 30% in Feb
By Ally From:www.globalautosourcing.com March 29 2007
The latest sale statistics unveiled passenger vehicles sales declined by 24.41% compared with that of the previous month to 417,700 units; sales of domestic mini-sedans in February dropped by 32.68% to 39,425 units compared with the month before, of which Xiali sales volume decreases from the 15,061 in January to 9,313 in the second month, down 38%, and Chery QQ decreased from 13,713 to 6,878, down as high as 50%.
One important reason for the slow-moving is that this market has been occupied by Aotuo, Xiali, Geely, Chery QQ and Hafei Lubao for a too long time and only one Chang'an Benben were newly launched in last year's mini range auto market in China.
DFL launching sales promotional event
By Ally From:www.globalautosourcing.com March 27 2007
DFL has launched a sales promotion event starting from yesterday. Except for Geniss, the price of DFL lineup models has declined by 10,000 Yuan, and some models at Beijing 4S dealerships saw a maximum price-cut of 12,000 Yuan.
It is reported that this is the largest scale promotional event DFL has ever launched to date. According to Wu Xi, general manager of DFL Chengxin authorized dealer, the event is part of DFL's aggressive sales plan to reach a sales goal of 300,000 units this year. At the same time DFL Teana, Sylphy and Tiida have been redesigned and equipped with more advanced technologies. Insiders from DFL say that DFL will take a more active role and commit on bringing more value-added services to consumers. This event is just a first step of DFL's sales promotion plan.
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