http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.10Change: 0.00
R/$ = 11.93Change: -0.06
Au 1206.83 $/ozChange: 0.76
Pt 1150.50 $/ozChange: 2.00
 
 
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 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
 
Latest News
Tongaat Hulett CEO Peter Staude
Updated 5 hours ago Despite a record year, Tongaat Hulett’s starch and cellulose division was impacted by load-shedding during the year ended March 31, CEO Peter Staude said in a telephone interview on Monday. “The starch and glucose operation, which is the only wet-miller in...
Updated 6 hours ago The Competition Commission has referred a case of alleged collusion against JSE-listed construction materials company Dawn, along with its subsidiaries DPI Plastics, Ubuntu Plastics and Sangio Pipes, to the Competition Tribunal for prosecution. The commission alleged...
Updated 7 hours ago JSE-listed Rhodes Food Group grew its turnover 12.4% to R1.3-billion for the six months ended March 29, while normalised operating profit was up 17.3% to R126-million, the company reported at its interim results presentation on Monday. The company’s normalised...
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
While economic forecasts for the African continent are most favourable, African airlines may not be able to benefit from the expected growth in the region’s gross domestic product (GDP), International Air Transport Association VP: Africa Raphael Kuuchi has warned....
The Automotive Production and Development Programme (APDP) will need to change substantially post 2020, says Metair Investments South African operations COO Ken Lello. “We must not make tweaks. We have to change. What we are doing is not sustainable.”
Banking group Absa’s forecast is for the rand to end the year at around R13 against the dollar, weakening further to R13.50 by 2016, says Absa sectoral analyst Jacques du Toit. He warns that possible interest rate hikes in the US may see capital being pulled from...
The Dispute Resolution Centre at the Bargaining Council for the Civil Engineering Industry (BCCEI) is now open to handle party-to-party disputes. The BCCEI represents the interests of all level four to nine Construction Industry Development Board companies.
FREDRIK JEJDLING Sustainability becomes an important part of a business’ decision-making process
Communications technology firm Ericsson sub-Saharan Africa head Fredrik Jejdling says the company’s commitment to sustainability and corporate responsibility has been integrated into all facets of its operations, which has provided it with sustainable revenue...
 
 
When Deputy President Cyril Ramaphosa announced reduced e-toll tariffs last week‚ he said a review panel “found that there’s general acceptance of the user-pay principle”. But a study conducted by Ipsos prior to the announcement of the new e-toll dispensation‚ found...
Article contains comments
The revised e-toll tariffs, announced by Deputy President Cyril Ramaphosa on Wednesday, has solicited mixed reactions from businesses, the public and unions in South Africa. Although still generally rejected by the broader public, Business Leadership South Africa...
While there has been widespread rejection to the revised e-toll tariffs announced on Wednesday‚ a large debt counselling company said they “will bring welcome relief to hard-pressed consumers”. Deputy President Cyril Ramaphosa said that road users in Gauteng will pay...
Article contains comments
Article contains comments
More
 
 
 
 
 
 
 
 
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