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China auto news of the week (Sept 3-7, 2007)
While Shanghai Volkswagen holds on to its top position, most carmakers have experienced buoyant sales growth in August. China-made Toyota Crown's total sales have topped 100,000 vehicles last months.
In August, Hyundai is the only automaker whose records are going down; therefore the company has to cut its sales target this year, while making across-the-board price cuts to boost its car sales.
Beijing Hyundai announces across-the-board price cuts
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By Tony From:Gasgoo.co |
September 05 2007
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Shanghai. September 5 (Gasgoo.com) – Beijing Hyundai announced across-the-board price cuts on all car models to be sold in China, including Elantra, Accent and Sonata and the price-cuts become effective on September 5, the company said.
On average, Elantra sedans will cut 150,000 yuan ($19,883) from the original price; Elantra Sports vehicles will cut 140,000 yuan ($18,557), Sonata cars will cut 16,000 yuan ($21,208) and Accent cars will cut 5,000 -8,100 yuan ($662-$1060).
The table below shows Beijing Hyundai price-outs on all vehicles sold in Chinese market.
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Product
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Original price (yuan)
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Current prices (yuan)
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Price-cuts (yuan)
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Elantra 1.6 GL (MT)
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104,800
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89,800
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15,000
|
|
Elantra 1.6 GL (AT)
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113,800
|
98,800
|
15,000
|
|
Elantra 1.6 GLS (MT)
|
114,800
|
99,800
|
15,000
|
|
Elantra 1.6 GLS (AT)
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124,800
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109,800
|
15,000
|
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Elantra 1.8 GLS (MT)
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131,800
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116,800
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15,000
|
|
Elantra 1.8 GLS (AT)
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141,800
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126,800
|
15,000
|
|
Elantra SPORTS 1.6 GL MT
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91，800
|
|
|
|
Elantra SPORTS 1.6 GLS MT
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111,800
|
97,800
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14,000
|
|
Elantra SPORTS 1.6 GLS AT
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123,800
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109,800
|
14,000
|
|
Sonata 2.0 GL M/T
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139,800
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123,800
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16,000
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Sonata 2.0 GL A/T
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154,800
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138,800
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16,000
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Sonata 2.0 GLS M/T
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157,800
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141,800
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16,000
|
|
Sonata 2.0 GLS A/T
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177,800
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161,800
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16,000
|
|
Accent 1.4 GL MT
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79,800
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71,800
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8,000
|
|
Accent 1.4 GL AT
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89,800
|
83,800
|
6,000
|
|
Accent 1.4 GLS MT
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90,800
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85,800
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5,000
|
|
Accent 1.4 DLX AT
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105,900
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97,800
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8,100
|
|
Accent 1.6 GLS AT
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113800
|
105,800
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8,000
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Source: Gasgoo.com
Hyundai cuts sales aim
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From:Shanghai Daily
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September 04 2007
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HYUNDAI Motor Co, South Korea's largest car maker, has cut vehicle prices by as much as 13 percent in China and curtailed its sales target after introducing new models.
Beijing Hyundai Motor Co, the company's Chinese venture, cut prices for its Accent subcompact, Avante compact and Sonata sedans by seven percent to 13 percent from September 1, Seoul-based Hyundai Motor said yesterday.
Hyundai Motor slashed its annual sales target in the world's second-biggest auto market by 16 percent to 260,000 units, reported Bloomberg News.
Hyundai Motor is joining General Motors Corp, Ford Motor Co and other car makers in China in cutting vehicle prices.
At least 30 new or revamped models were introduced in China in the first half, forcing the auto makers to cut prices and ease financing requirements to maintain sales.
Hyundai Motor's sales in China dropped 18 percent to 128,587 in the first seven months of this year, compared with 157,135 a year earlier, according to the company's Website. It had previously aimed to sell 310,000 units this year in China.
It is now the 10th-largest car maker in China, slipping from fifth place last year. Hyundai Motor is building a second US$1-billion factory in China to double its capacity to 600,000 vehicles per year by 2008 after opening its first Beijing plant in 2002.
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By Tony From:Gasgoo.com |
September 06 2007
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Shanghai. September 6 (Gasgoo.com) – Due to the rebounding sales of SYLPHY and TEANA in August, Dongfeng Nissan has sold 172,000 vehicles in the first eight months.
This means the company may meet its 300,000 sales target for this year, according to a Chinese media report.
Dongfeng Nissan sold 128,000 vehicles in the first six months. The less-than-expected H1 sales volume raised doubts about company’s chances to meet its annual sales targets.
In August, Dongfeng Nissans sales rebounded to 24,200 vehicles, up 40 percent year on year, turning the company one of the top six automaker in China.
However, price-cuts in July has resulted a strong sales rebound in August, which has effectively raised the company’s chances to meet its annual target.
China’s top ten best-selling automakers in August
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By Tony From:Gasgoo.com |
September 05 2007
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Shanghai. September 5 (Gasgoo.com) –Shanghai VW, with a single-month sales volume of 42,518 vehicles in August, still holds the first place in China’s sedan market.
Shanghai VW is closely followed by FAW-VW, which sold 42,460 vehicles in August. The difference is just 58 vehicles between China’s No. 1 and No. 2 automakers.
Eight out of ten best selling automakers in China have posted an increase of 20 percent in sales volume, according to a Chinese media report.
Dongfeng-Nissan, with a single month sales volume of 24,172 vehicles in August, a 93 percent growth year on year, becomes the fastest growing automaker in this month.
Dongfeng-Nissan, with a single month sales volume of 24,172 vehicles in August, a 93 percent growth year on year, becomes the fastest growing automaker in this month.
By contrast, Hyundai becomes the most unsuccessful automaker this month, with its sales volume declined 30 percent year on year.
The table below shows the rank and output of top ten automakers in China.
The table below shows the rank and output of top ten automakers in China.
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Rank
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Automaker
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Sales volume (unit)
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1
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Shanghai VW
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42518
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|
2
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FAW-VW
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42460
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|
3
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Shanghai GM
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39662
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4
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Chery Automobile
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27500
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5
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FAW-Toyota
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26446
|
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6
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Dongfeng-Nissan
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24172
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7
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Guangzhou Honda
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20628
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8
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Changan Ford
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18455
|
|
9
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Beijing Hyundai
|
17414
|
|
10
|
Geely Automobile
|
167
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Toyota Crown sales top 100,000 units in Chinese market
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By Tony From:Gasgoo.com
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September 05 2007
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Shanghai. September 5 (Gasgoo.com) - China's domestic-made Crown sales have reached 100,000 units since its debut in China's home market two years ago, according to a recent sales report released by FAW-Toyota.
By contrast, it took domestic-made Audi100 12 years (1986-1998) to reach this milestone, Audi A6 three years and a half (2000-2003), Audi A6L 21 months (June 2005-April 2007).
Toyota Crown has two car models: 2.5L engine and 3.0L engine. At the beginning of its debut, 3.0L Toyota Crown was sold 328,000 yuan to 480,000 yuan; the late-comer, 2.5L Toyota Crown was sold below 300,000 yuan.
Toyota crown's target customers include governmental bodies, non-profit organizations, corporations, private business owners and senior business executives.
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