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China's Pickup Truck Market: Automakers Energetically Launch New Models
In 2007, the factory shipment of pickup trucks by China's top ten pickup truck makers increased 24% year-on-year to 185,911 units. In the first half of 2008, it increased 21.8% to 103,387 units compared to the same period of a year earlier. Booming sales are attributed to the vigorous launch of new models, active sales promotion in regional cities and rural areas, and steady expansion of exports to emerging countries.
Dongfeng Motor Corporation: Sino-Foreign Ventures to Expand Sales Abroad
Dongfeng Motor Corporation (DFM), one of China's top three state-owned automakers whose annual export had been around 2 thousand vehicles until 2005, increased exports to 4,715 vehicles in 2006 and to nearly 25 thousand units in 2007. In the first half of 2008, DFM exported 23.8 thousand complete vehicles and year-round exports are expected to double, according to a local newspaper.
November 10, 2008
China's Passenger Car Registrations: Foreign Brands Dominate the Market
In China, the number of passenger cars registered by end-users increased from 29.4 million units in 2005 to 4.42 million in 2007, according to FOURIN's research. Since, an additional 2.82 million units were registered in the first half of 2008, it is probable that year-round registrations will reach 6 million units despite the slowing economy.
China FAW Group Corporation: Automaker Aiming to Expand Business Globalization
China FAW Group Corporation, one of China's largest state-owned automakers, announced it in its 2007 business plan that the company aims to internationalize its operations and speed up the expansion of its overseas business activities. In 2007, FAW exported 28,823 complete vehicles, up 44% from a year earlier, generating 287.25 million USD in sales revenue.
November 4, 2008
Complete Vehicle Sales Forecast: Factory Shipment to Reach 10 Million Units in 2009
Due to the sudden drop of the A-share market and continued decline of real estate prices in some cities, more and more people think that the economy is retreating. The fact that vehicle factory shipment volume fell for the second consecutive month in September has also become a key factor for speculations in the media.
Lexus Brand in China: Toyota Expanding Sales Network in Coastal Cities
Toyota Motor Corporation considers China as a strategic market for the Lexus marque, the automaker's global premium brand. Toyota is currently engaged in the opening of exclusive dealerships in large cities, improvement of brand power, and expansion of sales. In China, sales went up 127% to 25,234 units year-on-year, becoming the growth engine of global Lexus sales in 2007.
