China's auto market this year maintains a growth rate of more than 20%. Transnational automotive groups with investments in China saw their sales in the first quarter reach a new high – higher than the average industrial growth rate, according to Xinhua Net.
Ford Motor (China) on the 9th announced its first quarter sales report. Undertaking rapid growth in the last few years, Ford Motor China sales rose steadily again in the first quarter. The brand's total sales volume amounted to 90,791 vehicles, an increase of 47%; and again higher than the industry's average growth rate.
The volume of retail sales in the new car market of Volkswagen Group China went up 32.5% to 268,200 in the first quarter. Honda (China)'s public relations manager Zhu Linjie told Xinhua that the two joint ventures of Honda's investment in China's Guangzhou Honda and Dongfeng Honda car sales amounted to more than 110,000 in the first quarter – up 29%.
In addition, the BMW Group's global sales growth was 5.7% in the first quarter; but growth in China's market was 43.2%. Mercedes-Benz cars sales in China were up 40% in the first quarter. Transnational automotive groups like Toyota, GM, and Nissan also have produced good results in China in the first quarter.
By People's Daily Online
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