News - Market Insight
Market Insight: MG leads Chinese charge
Chinese car brands resist market downturn and grow sales in Q1 2019
16 Apr 2019
By TUNG NGUYEN
-CHINESE automotive brands are bucking the downward trend of Australia’s new-vehicle market as MG, LDV, Haval and Great Wall all recorded growth in both sales and market share in the first quarter of 2019.
-Although still a drop in the ocean with just 3476 units out of the total market’s 268,538 haul after the first three months of trading, the combined total of Chinese brand sales is up 101.3 per cent year-on-year in contrast to the overall market’s 7.9 per cent decline.
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