Faw Bus and Coach Co. H1 sales top 2,541 units

Faw Bus and Coach Co. set a sales new high, in the first half of this year, its sales increased 32.55% year on year to reach 2,541 units.

"In the bus and coach industry, it ranked 22nd in 2004, while it jumped to 8th in 2006." Said its general manager Gao Changchun, " "the Company aims at boosting its sales in the coming half year by its four bases in Changchun City, Wuxi City, Dalian City and Chengdu City.

As a subsidiary of FAW, Faw Bus and Coach Co. has been fully utilizing the sources of its parent company, currently the Company has 74 franchised dealers and more than 500 after sales service stores.

"The market demand of 6m bus or above is expected to be 150,000 units." the general manager predicted.

Meanwhile, Faw Bus and Coach Co. is actively exploring overseas market, such as Vietnam, Iran and Zimbabwe, the annual export volume is about 1,000 units, with a 50% growth rate.