Chery is the fastest growing car maker in Russia
Those Ruskies must really love their Cherys. Chery managed to sell 15,071 cars in Russia in the first five months of the year:
BEIJING (XFN-ASIA) – Chery Automobile said it was the fastest growing car maker in Russia in terms of auto sales in the first quarter, and its sales there for the first five months increased to 15,071 units.
That compares to its total Russian sales of 10,768 cars for all of 2006, Chery Auto said in a statement.
It attributed the high sales growth to competitive pricing, unique design and independent technologies.
Chery sold 4,329 and 4,086 units of sedans in April and May, respectively, leading the Chinese auto makers in the Russian market, the company said.
It set up a wholly-owned subsidiary in Russia in December 2005 and several months later signed a joint venture agreement with Russias Avtotor to assemble Chery-branded cars for sale to Europe.
Chery Auto chairman Yin Tongyao said earlier this year that the firm aims to sell 500,000 cars in domestic and overseas markets in 2007, compared to 305,200 units in 2006. He said overseas sales are expected to exceed 80,000 cars, compared to 50,000 a year earlier.
I guess anything is better than a Skoda, especially a Skoda with wooden wheels.