Hyundai’s Chinese JV Regains Sales Ground in March

64
Source:   —  April 07, 2016, at 4:03 PM

For the month, BHMC sold 100.549 vehicles, soaring 88.9 percent over the dreary Feb total of 53.226 units, when sales were down seventeen percent year-on-year.

Hyundai’s Chinese JV Regains Sales Ground in March

Beijing Hyundai Motor, the Chinese JV of Hyundai and Beijing Automotive Group, look March sales surge following negative results in Jan and Feb that rocked investor confidence in the automaker’s penetration of the world’s largest light-vehicle market.

For the mo, BHMC sold 100.549 vehicles, soaring 88.9 percent over the dreary Feb total of 53.226 units, when sales were down seventeen percent year-on-year. Hyundai’s own China sales fell even further, backsliding twenty-eight percent in January.

On a annually basis, latest month’s tally was off two percent from like-2015.

For the quarter, BHMC reported 229.011 sales, off 18.2 percent from 279.873 in first-quarter 2015.

Hyundai is pinning hopes on a successful two thousand sixteen performance by its all-new Elantra, launched latest week in Shanghai as the Lingdong. Hyundai spokesmen declare the automaker expects to sell 250.000 units of the China-specific compact sedan this year.

Hyundai’s global sales for March tallied 370.712 units, up 28.8 percent over Feb but off 0.9 percent year-over-year. Worldwide sales for the first quarter were down 6.4 percent with 1.107.369 deliveries compared with 1.183.269 in first-quarter 2015.

READ ALSO
Women Fueling Sales Gains for Lincoln

Women Fueling Sales Gains for Lincoln

WardsAuto data shows January-March sales reached 24.905 units, up 16.0 percent from 21.478 year-ago, as truck models – all CUVs and SUVs – gained 27.1 percent for the period.

66
Philippine Paratrooper Dies During Exercises With US Forces

Philippine Paratrooper Dies During Exercises With US Forces

S. forces died Thursday after a wind gust blew him out to sea instead of an airport drop zone, executive said. The Filipino paratrooper from a special air force operations unit was rescued fifteen minutes after the accident at the Subic Bay free port, a former...

79
Indonesia Preparing to Perform More Foreign Drug Convicts

Indonesia Preparing to Perform More Foreign Drug Convicts

Attorney Common Muhammad Prasetyo says Thursday that his office is looking for the right time to carry out the executions. He didn't specify how many convicts would face firing squads in what'd be the third set of executions below President Joko "Jokowi"...

82
The Latest: Former Ferrari CEO Says Number off-Shore Accounts

The Latest: Former Ferrari CEO Says Number off-Shore Accounts

m. Luca Cordero di Montezemolo, one of Italy'south most visible corporate managers, says he's number off-shore account in Panama. Montezemolo said at a UniCredit bank board meeting on Thursday that a check of his records indicated that references to him in a database...

69