Will Roewe iMAX8 be a fast seller?

According to data provided by the China Passenger Car Association (CPCA), China’s annual sales of MPVs in 2018 were 1.665 million, and in 2019, 1.371 million were sold. In the first nine months of this year, the cumulative retail sales of MPVs was 734,000. The author conservatively estimates that the sales volume in the Q4 quarter of this year can be around 300,000 units, and the annual sales volume of MPVs is expected to exceed one million units. However, compared with 2018 and 2019, this data still shows a clear downward trend. The cause of the epidemic this year is certainly an important objective factor, which has a negative impact on consumer behavior in the overall automobile market to varying degrees. Observed from objective data, however, the overall SUV market has strong self-repair capabilities and a high degree of recovery, which indirectly reflects that consumers’ recognition and confidence in SUV products have maintained a relatively high level, while the MPV market has recovered slightly slow.

English2020-11-03 15:44:08

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Chery's self-developed brands grew 6.8% against downward trend

Chery is expected to achieve sales of 750,000 vehicles throughout the year. Among them, 650,000 self-developed brands, a year-on-year increase of 6.8%.

English2020-01-08 10:04:18

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Roewe’s sales continued to fall, and bigger pressure in 2nd half

In the first half of 2019, the Chinese auto market continued its downward trend.

English2019-06-27 17:33:00

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How much impact do tax cuts and price drops have on stimulating consumption?

This year, the government will further carry out tax cuts and fee reductions policy covering more sectors. From April 1st, the VAT rate reduction policy will be officially implemented, reducing the current 16% tax rate of the manufacturing industry to 13%. After the policy published, several luxury car companies announced an official price drop in advance. In the current environment of downward in economy and downturn in the auto market, this government's tax cuts and car price drops have no major impact on the stimulation of auto market consumption, and the effect of indirectly promoting overall consumption boost is limited.

English2019-03-19 16:33:04

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Silver lining of 2018 Chinese auto market, Chinese automakers rising against trend

“Cold current invasion” and “sluggish” are the general status of the Chinese auto industry in the past year. According to data released by the China Association of Automobile Manufacturers (CAAM), the sales volume of passenger cars in China last year was 23.709 million units, down 4.08% year-on-year, which was the first negative growth over the past 28 years. In particular, Chinese brand passenger cars have a relatively obvious downward. A total of 9,997,900 new cars were sold last year, down 8% year-on-year. This is also the first time in the past three years that the sales of Chinese brand passenger cars have fallen below 10 million units.

English2019-01-29 17:00:14

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