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04-03-2014, 05:03 PM
(This post was last modified: 04-03-2014, 07:38 PM by CityFarmer.)
I chose to post the news here.
China auto population will increase in double digits for years to come. This has created a very favorable business prospect for the company. Once the overcapacity is consumed by the increasing demand and/or sector consolidation, I do hope the company is able to command pricing power, and increases its ASP in near future
(not vested)
Honda says Feb China auto sales up 27.6 % y/y
04 Mar 2014 14:14
[SHANGHAI] Honda Motor Co Ltd and its two local joint ventures sold about 40,858 automobiles in China in February, up 27.6 per cent from a year earlier, the Japanese automaker said on Tuesday.
That follows a 33.6 per cent year-on-year jump in January and a 60.4 per cent rise in December, reflecting a gradual recovery in sales which took a heavy beating from a surge anti-Japan sentiment following a territorial dispute between Beijing and Tokyo in late 2012.
The company's sales in the first two months of the year came to about 104,095 cars, up 31.3 per cent from the same period a year earlier.
Honda, which operates car ventures in China with Dongfeng Motor Group Co Ltd and Guangzhou Automobile Group Co Ltd , aims to sell 900,000 cars in the country this year, up 18.9 percent from a year earlier. -Reuters
Ref: Business Times Breaking News
China auto population will increase in double digits for years to come. This has created a very favorable business prospect for the company. Once the overcapacity is consumed by the increasing demand and/or sector consolidation, I do hope the company is able to command pricing power, and increases its ASP in near future
(not vested)
Honda says Feb China auto sales up 27.6 % y/y
04 Mar 2014 14:14
[SHANGHAI] Honda Motor Co Ltd and its two local joint ventures sold about 40,858 automobiles in China in February, up 27.6 per cent from a year earlier, the Japanese automaker said on Tuesday.
That follows a 33.6 per cent year-on-year jump in January and a 60.4 per cent rise in December, reflecting a gradual recovery in sales which took a heavy beating from a surge anti-Japan sentiment following a territorial dispute between Beijing and Tokyo in late 2012.
The company's sales in the first two months of the year came to about 104,095 cars, up 31.3 per cent from the same period a year earlier.
Honda, which operates car ventures in China with Dongfeng Motor Group Co Ltd and Guangzhou Automobile Group Co Ltd , aims to sell 900,000 cars in the country this year, up 18.9 percent from a year earlier. -Reuters
Ref: Business Times Breaking News
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