Hongqi YTD sales jump 95% YoY

Beijing (Gasgoo)- Hongqi, FAW Group’s luxury brand, sold a total of 170,600 new vehicles in the first seven months of this year, representing an increase of 95% versus the same period of last year, the brand announced at the last day of last month.

At the beginning of this year, Hongqi set an annual sales target of 400,000 vehicles, but by the end of July, it has just completed 42.65% of its goal. In the rest five months of this year, it must sell at least 45,880 vehicles every month, much higher than its highest monthly volume, 32,500 in January, in the first seven months. That seems a long way to go.