Audi expects to sell half million cars in China this year

BEIJING Fri Apr 18, 2014 8:57am EDT

The company logo is seen on the bonnet of a Audi car during the media day ahead of the 84th Geneva Motor Show at the Palexpo Arena in Geneva March 5, 2014. REUTERS/Arnd Wiegmann

The company logo is seen on the bonnet of a Audi car during the media day ahead of the 84th Geneva Motor Show at the Palexpo Arena in Geneva March 5, 2014.

Credit: Reuters/Arnd Wiegmann

Related Topics

BEIJING (Reuters) - Volkswagen's (VOWG_p.DE) luxury division Audi plans to sell about half a million cars this year in China, the world's biggest auto market, and raise the number of its Chinese dealers to 500 by 2017.

The German automaker hopes its car sales will exceed 500,000 this year, executives told reporters on Friday before the Beijing auto show, which opens on Sunday.

Foreign auto makers, such as General Motors Co (GM.N) and Toyota Motor Corp (7203.T), and domestic players such as SAIC Motor Corp (600104.SS) have been competing aggressively in China, where rising affluence is boosting car ownership.

"This country has an increasing number of mega cities," Audi Chief Executive Rupert Stadler said, naming Beijing, Shanghai and Guangzhou as examples. "In these three areas, there are as many people as, for example, in Germany."

In 2013, Audi sold 488,000 vehicles in China and a total of 492,000 including Hong Kong. Executives said it aimed to take advantage of the increasing popularity of SUVs and rising demand for compact premium cars.

China's auto market is expected to grow 8-10 percent this year, easing from last year when it expanded 13.9 percent to 21.98 million vehicles.

Audi is stepping up efforts to unseat German rival BMW (BMWG.DE) as global luxury-car sales leader.

Recovering European demand and Chinese growth pushed its deliveries to a record in the January-March quarter.

Audi's total deliveries rose 11.7 percent to 412,850 cars, with a 21 percent gain in China after the carmaker started assembly of the A3 sportback model at a factory in Foshan in late 2013.

(Writing by Lee Chyen Yee; Editing by Ruth Pitchford)

FILED UNDER:
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (1)
aunticcp wrote:
The only relations that the rest of the World should be having with the cruel CCP is trying to bring to trial the thousands of Communist Party members who have been and are still committing millions of human rights atrocities.The brutal Chinese Communist Party has murdered over fifty million of its own people since 1949, since 1999 it has been attempting the blood-thirsty genocide of the tens of millions of innocent Falun Gong who live in Mainland China. To this end, the heinous CCP is using torture,slavery, organ harvesting and murder. Because of corporate greed, these atrocities and millions of others have been kept from the Western people by the Western media. The weak United Nations even appointed the brutal CCP a seat on its Human Rights Council this year. Shameful. Thank you for your concern.

Apr 18, 2014 9:14am EDT  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

Track China's Leaders