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Audi sales in China rose 24.8% in 2007
Shanghai. March 17 (Gasgoo.com) Audi has reported record figures for sales, revenue and profits for 2007, and particularly, China (including Hong Kong) has become the biggest single foreign market for Audi in 2007 , with 101,996 cars sold, up 24.8 percent year on year.
"Our growth in China is remarkable: we're the first premium carmaker to sell more than 100,000 cars here," said sales and marketing chief Ralph Weyler.
Globally, Audi ended the year having sold 964,151 cars, up 6.5% compared with 2006. The company also reported that profit before tax and sales revenue were $2,915 million and $33,617 million respectively, both hitting record.
The Audi Group achieved significant growth of 4.4 percentage points in the return on investment to 18.6 percent. Earnings rate also increased from 6.2 to 8.7 percent.
"This means that Audi is one of the most profitable companies in the international automotive industry today," Axel Strotbek, member of the board of management for finance and organization of Audi AG.
Audi sold 686,480 cars in Europe during 2007, an increase of 4.3% over the previous year. In the United States, sales rose 3.8 percent to 93,506 vehicles from 90,116 units. 254,014 cars were sold in Germany, down a slight 1.5 percent than the previous year.
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