Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home Email this story   Print this story
 
Audi, Volvo sales edge higher as economy slows
Automotive News China | 2018/12/7

Audi's and Volvo's China deliveries rose slightly in November amid a slowing Chinese economy.

Audi's China sales climbed 2.8 percent year on year to 57,550 vehicles on demand for imports, according to FAW-Volkswagen, Volkswagen Group's joint venture with China FAW Group Corp. that sells locally produced and imported Audi vehicles. 

Audi's deliveries of imported vehicles, benefiting from China's tariff cut on imports, surged 26 percent to 5,780 during the month. By contrast, sales of Audis built at FAW-VW edged up 0.7 percent to 51,770.

In July, the Chinese government slashed tariffs on imported vehicles to 15 percent from 25 percent though it raised the tariffs on U.S.-made vehicles to 40 percent to retaliate against the Trump administration's tariffs on Chinese goods.

Thanks to double-digit sales growth in the first half, Audi's China sales through November advanced 13 percent to 595,436 from the same period last year.

In November, Volvo's China deliveries inched up 1.7 percent year on year to 11,450 on demand for two locally built models, the XC60 midsize crossover and the S90 large sedan.

For the first 11 months, the Swedish brand's sales in China jumped 14 percent to 118,725. 

Chinas economic growth slowed to 6.5 percent in the third quarter of 2018 from 6.8 percent in the first half. 

Amid a slowing domestic economy, China's new light-vehicle sales declined for the fourth straight month in October. Industrywide sales for November have yet to be reported. 

Related Stories
  • Audi sales slump; Mercedes-Benz deliveries edge up
  •     --Published:2019/14/5
     
  • Volvo sales pick up on demand for locally built models
  •     --Published:2019/7/5
     
  • Polestar to open 20 China stores by end of 2020
  •     --Published:2019/3/5
     
  • Volvo explores closer ties with shareholder Geely in China
  •     --Published:2019/12/4
     
  • Volvo opens headquarters for Asia Pacific in Shanghai
  •     --Published:2019/22/3
     
  • Volvo to add in-car sensors to prevent drunken driving
  •     --Published:2019/22/3
     
  • BMW, Audi gain; Mercedes Feb. sales dip
  •     --Published:2019/15/3
     
  • Audi mulls hiking stake in FAW, SAIC joint ventures
  •     --Published:2019/15/3
     
  • Volvo Cars to pay $311 million dividend, second under China's Geely
  •     --Published:2019/15/3
     
  • Volvo dividend to aid coffers of debt-laden Geely
  •     --Published:2019/14/3
     
  • Volvo's Polestar 2 rollout threatened by China, U.S. trade dispute
  •     --Published:2019/8/3
     
  • Volvo to limit vehicle speeds in bid for zero deaths
  •     --Published:2019/5/3
     
  • Volvo's Polestar 2 takes aim at Tesla Model 3
  •     --Published:2019/1/3
     
  • Mercedes-Benz outsells Audi on sedan demand
  •     --Published:2019/12/2
     
     

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     

     
     

    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
     
    Home | Help Center | About Us | Privacy Policy | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.
    ICP06057291