In the first half of the year, FAW Group sold more than 870,000 vehicles
FAW has released operational data for the first half of 2008. In the first half of the year, it sold 870,337 vehicles of medium, heavy, light, sedan, passengers, and micros, and its sales revenue reached 110.89 billion yuan, a year-on-year increase of 25.5% and 19%. Exceeding the mid-year plan target. Half-year production and sales are almost equal to the sum of 25 years of construction.
At the end of 2007, on the basis of an objective analysis of the macroeconomic situation and the company's development capabilities, FAW identified sales targets of 1.7 million vehicles and sales revenue of 200 billion yuan in 2008. Inspired by this business objective, all FAW employees revolved around the three major campaigns of “eminent breakthrough, auxiliary adjustment, and self-acceleration†to overcome the impact of raw material price increases, fierce competition in the auto sales market, and natural disasters on production constraints and other unfavorable factors. It has achieved gratifying results in production and management and laid the foundation for the realization of the business objectives throughout the year.
The fastest growing sales volume of self-owned brands is a major bright spot for FAW in the first half of the year. FAW Jiefang Co., Ltd. seizes the favorable opportunity for the growth of the commercial vehicle market, increases production and sales, and sells over 10,000 units a month. In the first half of this year, a total of 104,000 medium and heavy trucks were sold, an increase of 44% year-on-year, which is higher than the industry growth. %, set a record high for the half-year total sales of the emancipatory brand. FAW Pentium achieved sales of 23,000 units in the first half of the year, an increase of 174.6% year-on-year.
In the first half of the year, under the auto market environment where the growth of passenger cars slowed down, FAW achieved sales of 668,000 vehicles, an increase of 29% year-on-year. FAW Toyota sold 202,000 vehicles in the first half of the year, an increase of 77.9% year-on-year. FAW-Volkswagen continued to maintain a stable growth trend. In the first half of the year, it achieved sales of 271,000 units, an increase of 29% year-on-year, and ranked first in the national sales volume. Among them, 211,000 were sold by public brands, an increase of 30.8% year-on-year, and Audi brand sales were 59,000, a year-on-year increase of 23%.