Feb 19, 2010
Chinese auto firm's sales breached 500 000 in 2009Back
Africa|Chery|Africa|Asia|Europe|South America|China|South Africa|United States|Vehicle Manufacturer|Africa|Asia|Central|South America|Tiggo
© Reuse this
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 (150 word limit)
Other Automotive News
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
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.
This Week's Magazine
In the next 20 years, it was expected that, in Africa, more people would live in cities and towns than in rural areas, United Nations Habitat executive director Dr Aisa Kirabo Kacyira said at the Human Settlements Indaba that took place earlier this month in...
Tough-talking Human Settlements Minister Lindiwe Sisulu has committed government to building 1.5-million low-cost houses over the next five years, telling the Human Settlements Indaba in Johannesburg on Wednesday that the State would achieve this target through the...
Over the past 20 years there has been persistent concern about deindustrialisation in South Africa, as well as the fact that locally produced manufactured products have been increasingly displaced by imports.
Financial agreement for Ghanian independent power producer (IPP) Cenpower Generation Company’s $900-million, 350 MW combined-cycle gas-turbine power plant was finalised earlier this month, paving the way for the project’s construction to begin before 2015 in Tema,...
The revenue implications for South Africa of ‘base erosion and profit shifting’ by corporate taxpayers are firmly in the crosshairs of the Davis Tax Committee (DTC) and Judge Dennis Davis hinted last week that recommendations were being considered to “detect and...
Engineering and project implementation firm Hatch Goba is pursuing two major development themes, aimed at both public sector and industrial sector clients. “The themes will be the driving force behind the business going forward, particularly into Africa,” says Hatch...