FAW Group, one of Volkswagen AG's China partners, said it sold 25.9% more vehicles in the first quarter than a year earlier with volume of 328,100 units. Sales went up 25.6% to 40.4 billion Yuan. The group's 25.4 growth rate was three percent higher than the industry.
The progress made depends on many factors: Firstly as its very hard for a large scale group to increase ahead of the industry, the structure plan carrying on inside the group in recent years contributed a lot to this achievement; Secondly the joint ventures are playing more and more important roles on promoting the group's performance, of which FAW-VW alone has sold 40,000 vehicles in the third month; The third reason is that sales of heavy-duty trucks are surging by leaps and bounds, of which sales of Jiefang brand truck jumped 51.76 percent to 30,700 units in the first quarter; As always, sedan sales lead the group by representing 77.8 percent of the total; Last but not least, the improvement in sales marketing capacities also helps to boost the overall sales.
All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: khoahocxaydung.info.
Anytime and anywhere to know the dynamics of China's auto industry