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Luxury car sales in 皇冠体育app slow sharply in 2004
Sales of luxury cars in 皇冠体育app last year slowed sharply, with Audi and Mercedes Benz of Germany both failing to meet sales goals.
It said Audi, a part of the Volkswagen group which has a joint venture with 皇冠体育app's First Automotive Works Corp, sold 64,018 cars in 皇冠体育app in 2004 for a gain of only 0.8 percent from 2003 when sales had soared more than 70 percent.
Mercedes-Benz, owned by US-German giant Daimler-Chrysler, saw combined sales on the mainland and in Hong Kong rise 5.0 percent to 11,500 in 2004, with its top of the range S Class sedan accounting for more than 50 percent.
Both luxury car makers, however, failed to meet their sales targets in 皇冠体育app last year, the Xinhua report said, with Audi having planned to sell 80,000 and Mercedez-Benz 13,000-14,000 cars.
Another German luxury car producer, BMW, said last month that its sales in 皇冠体育app last year actually fell 16 percent to 15,500 after skyrocketting 176 percent in 2003.
"These luxury car makers' weak performances in 皇冠体育app were largely the result of a sharp deceleration in the overall domestic car market last year," Jia Xinguang, chief analyst of 皇冠体育app Automotive Industry Consulting and Development Corp, told Xinhua. |
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