toyotafanfan
07-14-2008, 12:15 PM
Good update on what's happening in china:
Toyota sold 285,000 vehicles in the country in January-June, up 34 percent from a year earlier and double the 17 percent growth rate of the overall market
Volkswagen
Sales of the the top European automaker came to 531,612 units in mainland China, Hong Kong and Macau in January-June, up 23.3 percent year-on-year and nearly twice 12.7 percent pace at GM, the only major foreign automaker in China that lagged the pace of overall market growth.
GM sold 590,126 vehicles in China during the period.
Sales at Honda Motor rose 21.3 percent in the first half to 226,742 units
Ford Motor
also a relative newcomer to the market, reported a 21 percent rise in vehicle sales to 172,411 units
Looks like VW could surpass GM.
"Volkswagen and GM still have the first-mover advantage here in China, but the late-comers, especially the Japanese, have been catching up very fast," said Yi Junfeng, an industry analyst with Changjiang Securities.
Nothing more motivating to a Toyota Division than taking market share from companies in front of them.
The mid-sized Accord sedan accounted for nearly one-third of Honda's China sales in the first half, boosted by a revamped version rolled out in January.
For GM, inexpensive Wuling-brand models made at a commercial vehicle tie-up in south China accounted for 56 percent of its first-half sales total.
"GM's pace is slowing down in China because it lacks new models. It faces a bigger challenge in the second half with the fuel price hike," said Yi.
Hmmm... where have we heard a similar story....
Higher pump prices may have a more serious impact on GM and Ford as U.S. cars are perceived as less fuel efficient than European and Japanese models, analysts said.
http://uk.reuters.com/article/governmentFilingsNews/idUKSHA15959620080714?pageNumber=3&virtualBrandChannel=0
Fan
Toyota sold 285,000 vehicles in the country in January-June, up 34 percent from a year earlier and double the 17 percent growth rate of the overall market
Volkswagen
Sales of the the top European automaker came to 531,612 units in mainland China, Hong Kong and Macau in January-June, up 23.3 percent year-on-year and nearly twice 12.7 percent pace at GM, the only major foreign automaker in China that lagged the pace of overall market growth.
GM sold 590,126 vehicles in China during the period.
Sales at Honda Motor rose 21.3 percent in the first half to 226,742 units
Ford Motor
also a relative newcomer to the market, reported a 21 percent rise in vehicle sales to 172,411 units
Looks like VW could surpass GM.
"Volkswagen and GM still have the first-mover advantage here in China, but the late-comers, especially the Japanese, have been catching up very fast," said Yi Junfeng, an industry analyst with Changjiang Securities.
Nothing more motivating to a Toyota Division than taking market share from companies in front of them.
The mid-sized Accord sedan accounted for nearly one-third of Honda's China sales in the first half, boosted by a revamped version rolled out in January.
For GM, inexpensive Wuling-brand models made at a commercial vehicle tie-up in south China accounted for 56 percent of its first-half sales total.
"GM's pace is slowing down in China because it lacks new models. It faces a bigger challenge in the second half with the fuel price hike," said Yi.
Hmmm... where have we heard a similar story....
Higher pump prices may have a more serious impact on GM and Ford as U.S. cars are perceived as less fuel efficient than European and Japanese models, analysts said.
http://uk.reuters.com/article/governmentFilingsNews/idUKSHA15959620080714?pageNumber=3&virtualBrandChannel=0
Fan