GWM aims to sell 890,000 units in 2014, up 18% from 2013

GWM News 2014-03-18

On March 11, 2014, GWM announced a sales target of 890,000 units in 2014, up to some 18 percent from the total sales of 754,000 units in 2013

On March 11, 2014, GWM announced a sales target of 890,000 units in 2014, up to some 18 percent from the total sales of 754,000 units in 2013, higher than an annual growth rate of 8 percent to 10 percent in 2014 anticipated by the China Association of Automobile Manufacturers (CAAM).
According to data recently released by CAAM at an information meeting, China registered sales of 1.5964 million units in February, up to 17.84 percent year on year, edging down month on month on the Spring Festival holiday. GWM sold 50,100 units in February, ranking 8th in the industry and registering a year-on-year growth rate above the industrial level. Great Wall SUVs had strong market performance, with H6 and M4 moving into the top 10 in the both segments.

After the announcement of the sales target, some experts thought GWM's fixing the sales target in 2014 as 890,000 units accords with its steady, realistic and pragmatic style while ensuring moderate growth after its sales increased by 129,000 units from 625,000 units in 2012 to 754,000 units in 2013.

Table 1 Sales Rankings of Top 10 Manufacturers by Model in February 2014 Unit: 0,000

Rankings Automobile Passenger Vehicle Commercial Vehicle
Enterprise Sales Enterprise Sales Enterprise Sales
1 SAIC 44.15 Shanghai Volkswagen 16.09 Beiqi Foton 4.43
2 Dongfeng 23.82 SGMW 12.87 DFM 3.08
3 FAW 20.02 FAW-Volkswagen 11.80 JAC 2.47
4 Changan 17.78 Shanghai GM 11.13 Jinbei 2.47
5 BAIC 14.85 Beijing Hyundai 7.40 FAW 1.93
6 Brilliance 6.71 Chongqing Changan 7.26 JMC 1.51
7 GAGC 5.76 Dongfeng Nissan 5.44 SGMW 1.45
8 GWM 5.01 Changan Ford 5.33 CNHTC 1.37
9 JAC 4.01 DYK 4.34
ChongqingChangan
1.02
10 BYD 2.82 GWM 4.11 Naveco 0.91
Total 144.93 85.77 20.64
Proportion 90.79 65.36 72.62

Table 1 Sales Rankings of Top 10 Manufacturers by Model in February 2014 Unit: 0,000

Rankings Automobile Passenger Vehicle Commercial Vehicle
Enterprise Sales Enterprise Sales Enterprise Sales
1 SAIC 101.67 Shanghai Volkswagen 36.06 Beiqi Foton 9.30
2 Dongfeng 57.39 SGMW 28.73 DFM 6.19
3 FAW 46.99 Shanghai GM 28.30 Jinbei 5.29
4 Changan 42.36 FAW-Volkswagen 27.82 JAC 5.15
5 BAIC 36.52 Beijing Hyundai 18.92 FAW 3.80
6 Brilliance 14.51 Chongqing Changan 17.74 JMC 3.35
7 GAGC 14.01 Dongfeng Nissan 13.00 SGMW 2.99
8 GWM 11.97 Changan Ford 12.42 CNHTC 2.71
9 JAC 9.02 GWM 10.51 Chongqing Changan 2.53
10 Chery 6.78 DYK 10.34 GWM 2.06
Total 341.22 203.84 43.37
Proportion 90.92 64.53 73.03


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