http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.23Change: -0.10
R/$ = 10.59Change: -0.08
Au 1306.75 $/ozChange: 4.23
Pt 1487.50 $/ozChange: -1.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Feb 19, 2010

Chinese auto firm's sales breached 500 000 in 2009

Back
Africa|Chery|Africa|Asia|Europe|South America|China|South Africa|United States|Vehicle Manufacturer|Africa|Asia|Central|South America|Tiggo
Africa||Africa|||||
africa-company|chery|africa|asia|europe|south-america|china|south-africa|united-states|vehicle-manufacturer|africa-music-album|asia-music-album|central-music-album|south-america-music-album|tiggo
© Reuse this



Ten-year-old Chinese vehicle manufacturer Chery has announced that it has sold more than 500 000 cars in a calendar year for the first time in 2009.

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
© Reuse this Comment Guidelines
 
 
 
 
 
 
 
 
Other Automotive News
Trade union Solidarity on Monday accepted the Steel and Engineering Industries Federation of Southern Africa’s (Seifsa’s) revised wage offer. The three-year wage agreement, settled within the Metal and Engineering Industries Bargaining Council (MEIBC), comprised...
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Article contains comments
The 2005 Nuna 3
The biennial Sasol Solar Challenge will kick off on September 27, in Pretoria, and end in Cape Town, on October 4. Fourteen teams will take part, of which eight are local, says race project manager Annalie van Vuuren.
More
 
 
Latest News
Gwede Mantashe
Updated 1 hour 47 minutes ago Society needs to debate solutions to strikes that last too long, ANC secretary general Gwede Mantashe said on Tuesday. "Such a debate must not be seen as an attack on workers' rights and an affront on the right to strike but rather an important step towards...
Public Enterprises Minister Lynne Brown
Updated 1 hour 54 minutes ago Public Enterprises Minister Lynne Brown told the Joint Parliamentary Committee on Energy and Public Enterprises on Tuesday that the new Eskom CEO would be appointed within weeks. She said she was “treating the appointment of a permanent CEO with urgency”.
Updated 3 hours ago The first stage of the definitive mining feasibility study (DMFS) for Tanzania-focused mineral exploration and development company Kibo Mining’s Rukwa Coal to Power project (RCPP) would be completed by the end of November, the company reported on Tuesday. Kibo...
More
 
 
Recent Research Reports
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
 
 
 
 
 
This Week's Magazine
Multinational semiconductor chipmaker corporation Intel announced its national campaign to further acquire partners to drive its She Will Connect programme, an initiative that aims to expand digital literacy skills to young women in developing countries, further into...
South Africa's MeerKAT radio telescope array programme should get back on schedule within a few months. This assurance has been given by SKA South Africa (SKA SA) associate director: science and technology Prof Justin Jonas. Early last month, Science and Technology...
The Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail service will remain a subsidised service following its current multibillion-rand rolling stock, station, depot and signalling upgrade programme. PRASA group CEO Lucky Montana has allayed fears that...
GARYN RAPSON Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will open the door for court battles to determine who will be held liable for the remediation
The uncertainties around the remediation of affected areas as addressed in the Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will possibly spark litigation and disputes between landowners and businesses, contractors...
South Africa is currently the largest component of the African Development Bank’s (AfDB’s) active portfolio in Southern Africa, comprising 62.5% of the bank’s $7.9-billion exposure to the 12-country region – the second largest beneficiary is Mauritius, which...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks