The Chinese will buy 10 million used vehicles in 2013
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- Sales of used vehicles in China are expected to be approximately of 10 million units in 2013, against 8 million units in 2012 (according to figures from the Ministry of Commerce). This means that today in China a used vehicle is sold for two new vehicles sold, while in Europe or the United States, for example it is two used vehicles for one new vehicle.
- The Chinese market has really took off only a decade ago, creating a shortage of used models on the market, but sales of used cars are expected to grow in China, as the country will become a mature market.
- Currently, Audi has the largest distribution network of used cars in China. The manufacturer is well-established in the country for twenty years and models are highly sought after, given the premium brand positioning.
- Currently, in most major Chinese cities such as Beijing, Shanghai and Guangzhou, the volume of sales of used vehicles is already higher than the sales of new vehicles, mainly because of the registration allowances of new vehicles introduced in these cities.
Read more... The Chinese will buy 10 million used vehicles in 2013
Geely expects 800 000 Volvo sales worldwide in 2020
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Read more... Geely expects 800 000 Volvo sales worldwide in 2020
Ford is the third manufacturer of hybrid vehicles worldwide
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Read more... Ford is the third manufacturer of hybrid vehicles worldwide
Great Wall wants to sell 700 000 vehicles worldwide in 2013
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- Great Wall is one of the largest independent Chinese carmakers along with Chery , Geely and BYD . The manufacturer has not yet signed a joint venture agreement with a foreign manufacturer , such as SAIC , FAW , Dongfeng or BAIC , while the Chinese carmaker Changan went this year from an independent manufacturer to manufacturer bound by a joint venture (with PSA) .
- Great Wall has sold 401 568 vehicles on the Chinese market in the first eight months of 2013 ( +39.3 %) , which represent a volume of 600 000 units throughout the year, to which must be added an extra 100 000 exported units ( CKD ) destined for assembly plants outside of China , such as Bulgaria or Russia.
- Great Wall therefore expects to sell 700 000 vehicles in 2013 , beating Chery , Geely and BYD that sell less than 600,000 vehicles each this year, while Great Wall is younger than its competitor manufacturers. Since 2010 , it has become China's largest manufacturer of SUVs , a category of vehicles which has made great progress in China.
- In the first eight months of 2013 , Great Wall sold 50 % of SUVs (M2 , M4, H5 , H6 ), 30% of sedans (C20 , C30 , C50 ), 20% pick-ups. The sales of the brand’s SUVs have grown by 60 % over the year , the brand sold 30% more sedans and pick –up sales remained stable. Compared to its direct competitors , Great Wall has a full comprehensive range of vehicles.
Read more... Great Wall wants to sell 700 000 vehicles worldwide in 2013
Asian manufacturers are more and more interested in Brazil
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Read more... Asian manufacturers are more and more interested in Brazil