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CHINA -
All eyes on slipping
domestics |
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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  BYD - one of the few domestics up in March
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