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CHINA - All eyes on slipping domestics
Life turns tough for China’s automotive fringe players
Published: Thu, 19 Apr 2012 19:50:56 GMT
 

BYD and Chery, among China’s leading intrinsic carmakers, did well to complete this year’s notably cooler first quarter with virtually unchanged sales, but both suffered minor setbacks on the sales share front.

With few notable exception such as Great Wall, whose first quarter sales marginally outpaced China’s fast-slowing car market with a 6.3 per cent rise to some 87,300 units, the vast majority of their compatriots have joined the lengthening line-up of China’s walking wounded.

Geely, which also owns Volvo, ranks among this year’s greatest casualties.

So much so in fact, that during the first quarter Geely was comfortably outsold by some of China’s comparatively unknown carmakers, thus placing Geely among the many also-rans.

While Geely’s first quarter home sales already trail last year’s levels by some 14.6 per cent, after reaching just under 50,000 home sales so far, its progress was overshadowed in March when its domestic car sales fell by almost a third
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BYD Grill

BYD - one of the few domestics up in March

 

AVAILABLE TO SUBSCRIBERS IN THIS ISSUE:

CHINESE CAR SALES DATA BY MANUFACTURER AND MARQUE:
- MARCH 2012 v MARCH 2011

CHINESE
NEW car sales by manufacturer and marque:
- 3-MONths 2012 v 3-MONths 2011
 

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