http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.00Change: 0.16
R/$ = 11.86Change: 0.26
Au 1213.47 $/ozChange: 6.76
Pt 1158.50 $/ozChange: 4.50
 
 
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 Tenders Suppliers Directory Research Jobs Announcements Letters 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|Africa
Africa|Africa
africa-company|africa
© 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 (150 word limit)
 
 
 
 
 
 
 
 
Other Automotive News
Inside the Lounge Console
Updated 6 hours ago Volvo Cars has unveiled a concept that should please those fortunate enough to make use of a chaffeur. Labelled the Lounge Console, the concept interior design offers business people a compact and versatile solution to expanded storage and comfort, by replacing the...
General Motors (GM) has announced the appointment of Ian Nicholls as president and MD of GM’s South Africa, sub-Saharan Africa and Israel operations, effective June 1. GM says the move is part of the company’s consolidation of its Africa and Middle East operations.
Last year, Toyota South Africa Motors (TSAM) boss Dr Johan van Zyl swapped his Sandton office for another high-pressure environment as he took to Johannesburg’s streets as a minibus taxi driver, even if only for a day. The aim of the exercise was “to really...
More
 
 
Latest News
Updated 4 hours ago A number of foreign nationals that were displaced as a result of xenophobia-driven violence across Johannesburg and Durban’s inner city and township areas have started returning to their adoptive communities, the Inter-Ministerial Committee (IMC) on Migration...
Updated 5 hours ago South Africa will likely raise its 2015 maize output forecast after rains in crop-producing areas boosted production and yields, a survey of trading firms by Reuters showed on Tuesday. The government's Crop Estimates Committee (CEC) has previously forecast that the...
Updated 5 hours ago The Square Kilometre Array (SKA) Organisation and Amazon Web Services (AWS) have partnered to launch the ‘AstroCompute in the Cloud’ grant programme to attract innovative tools and techniques to process, store and analyse the global astronomy community’s vast amounts...
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
 
 
 
 
 
This Week's Magazine
Sappi Southern Africa CEO Alex Thiel
Forest products group Sappi has confirmed the selection of its 25 MW biomass-to-power project, to be erected at its Ngodwana mill, in Mpumalanga, as a preferred bidder under the South African government’s Renewable Energy Independent Power Producer Procurement...
Information and communications technology (ICT) distributor DCC is making Windows- and Android-operating systems tablets available through retailers and education equipment suppliers to provide school children with affordable, high-performance education tools. The...
Another cement manufacturer is set to enter the Ugandan market, raising hopes that prices will come down and spur growth in the construction industry. National Cement, a Kenyan manufacturer, has unveiled plans to invest $195-million in a new manufacturing plant in...
With growth rates exceeding that in the developed world – at an average of between 4% and 5% between 2002 and 2014 – African countries provide investors with ample reason to tap into booming consumer demand says Manufacturing Circle executive director Coenraad...
The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) decreased by 3.7 index points month-on-month to 89.1 in March.
 
 
 
 
 
 
 
 
 
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
Subscribe Now for $96 Close
Subscribe Now for $96