Feb 19, 2010
Chinese auto firm's sales breached 500 000 in 2009Back
This was aided by record monthly sales of 63 967 units in December.
Chery says it achieved a 40,5% growth in annual sales in 2009 compared with 2008's 356 000 units.
The bite-size Chery QQ was the brand's best-selling model, with 168 554 units sold, which was an increase of 26,4% over 2008.
The J5, J3 and Cowin sold a combined total of 198 242 units, which amounted to 39,6% of Chery's total sales.
Sales of the Tiggo sports utility vehicle reached less than 7 000 units a month.
Chery's Tiggo, QQ3, J5 and J1 models are also sold in South Africa.
Chery sold 3 571 vehicles in South Africa from May 2008 to October 2009.
Chery cars are currently sold in more than 80 countries worldwide, and the company has 15 factories outside China as it targets markets in Asia, Europe, Africa, Central and South America as part of global expansion drive.
In 2008 Chery exported 50 000 vehicles worldwide, compared with 135 000 units in 2009.
While being exposed to deteriorating economic conditions abroad, it is clear the local market continued to boom in 2009.
The China new vehicle market popped the cork on 2009 with sales up a massive 46% compared with 2008, to reach 13,6-million units.
Compare this to the US, where 2009 sales fell 21% to reach 10,4-million units - the worst level since 1982.
This meant the US market was placed second place in terms of global vehicle sales in 2009, dropping from the pole position it had held for a hundred years.
The shift in position came as China shrugged off the recession and continued on its economic growth path, while the credit crunch impacted heavily on US consumers.
Both countries - similar to Europe - used incentive schemes to keep sales from stalling completely.
Edited by: Martin Zhuwakinyu
Creamer Media Senior Deputy Editor
To subscribe email firstname.lastname@example.org or click here
To advertise email email@example.com or click here
Other Passenger Vehicles News
Figures from the National Association of Automobile Manufacturers of South Africa show that 617 749 new vehicles were sold in South Africa in 2015, marking a decline of 4% on the sales recorded in 2014 and representing the second consecutive year of decline for this...
Recent Research Reports
Energy Roundup – May 2016 (PDF Report)
The May 2016 roundup covers activities across South Africa for April 2016 and includes details of the National Energy Regulator of South Africa’s proposal to introduce a coal benchmark cost as part of its final decision on Eskom’s multiyear price determination...
Automotive 2016: A review of South Africa's automotive sector (PDF Report)
Creamer Media’s Automotive 2016 Report provides an overview of South Africa’s automotive industry over the past 12 months. The report provides insight into local demand and production, vehicle imports and exports, investment and competitiveness in the sector, as well...
Energy Roundup – April 2016 (PDF Report)
The April 2016 roundup covers activities across South Africa for March 2016 and includes details of a North Gauteng High Court Judge’s dismissal of a court application to postpone the 9.4% electricity tariff increase, which the National Energy Regulator of South...
Electricity 2016: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2016 report provides an overview of South Africa’s electricity sector, focusing on State-owned power utility Eskom and independent power producers, electricity planning, transmission, distribution and the theft thereof, besides other issues.
Energy Roundup – March 2016 (PDF Report)
The March 2016 roundup covers activities across South Africa for February 2016 and includes details of the Department of Energy’s plans to announce the preferred bidders for the first tranche of the coal independent power producer procurement programme; the Council...
Steel 2016: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2016 Report examines South Africa’s steel industry over the past 12 months. The report provides insight into the global steel market and and particularly into South South Africa’s steel sector, including production and consumption, main...
This Week's Magazine
The two spent-fuel pools at Eskom’s 1 800 MW Koeberg nuclear power station, in the Western Cape, will be full by 2018, increasing the urgency on the State-owned utility to begin pursuing alternative storage options. Koeberg has, over the past 32 years, accumulated a...
South Africa lacks the skills necessary to implement the government’s plan to build 9.6 GWe of new nuclear energy capacity, warns nuclear-qualified Quality Strategies International CEO David Crawford. “Apart from the concern about the affordability of the programme,...
Cybersecurity multinational Check Point has released its latest 700-series cybersecurity systems for small businesses, which draw on its international threat intelligence to provide up-to-date cybersecurity, says Check Point South Africa country manager Doros...
Daimler Trucks and Buses Southern Africa (DTBSA) saw a marked slip in new-vehicle sales in 2015 compared with 2014, with sales dropping from 5 897 units to 5 300 units. The decline came as the South African new truck and bus market declined from 31 558 units in 2014...
Group of 20 (G-20) economies threatened to penalise havens that don’t share information on their banking clients after the leak of the Panama Papers provoked a global uproar over tax evasion. The G-20 will consider “defensive measures” against financial centers and...