Honda, Toyota SUVs outsell hybrid vehicles in Beijing

Article by Christian A., on August 25, 2010

A Bloomberg report states that in order to meet demand, Beijing dealers of Toyota and Honda vehicles would need more sport-utility vehicles. Meanwhile, hybrid models are said to be selling at a loss. At a Honda dealership in the capital city's Chaoyang district, customers would have to wait two months before the CR-V SUV arrives, enabling the outlet to charge a premium for the model. Customers are expected to not buy the Civic hybrid unless its 270,000 yuan ($39,550) sticker price is lowered.

General manager Chen Guang Jun of the Beijing Zhongye revealed that his Toyota dealership only has two RAV4 SUVs left in stock, which would have to be improved. So far, there have been no complaints received about Toyota's recall of certain modes in China to fix faulty gas pedals.

At the 2010 Beijing Auto Show, executives of Toyota and Honda both disclosed that they were unconcerned about the slowing down of China's sales growth if the tax cut is phased out at the end of this year.

The government tax breaks don't cover larger models but despite that, these cars are selling well in China. According to a deputy president of the joint venture with Dongfeng Motor Group, Honda's factory in Wuhan, central China, has gone on overtime to build 1,013 CR-Vs a day due to high demand for the SUV model.

If you liked the article, share on:

Comments

Recommended

Earlier this month, we learned that France has made moves to ban diesel and gasoline fueled cars by stopping them from entering the city. More than that, they plan to...
by - July 19, 2017
The new 2018 Rolls-Royce Phantom VIII is on the way, but still, all we had been seeing are camouflaged prototypes of the eight generation of this iconic nameplate. Fortunately though,...
by - July 19, 2017
Would you have ever imagined a Mercedes-Benz developing an upscale pickup? We first saw this last October as a concept car and now, the production model of the Mercedes-Benz X-Class...
by - July 19, 2017
Haven’t you ever wondered how Ferrari’s names and numbers were actually derived? As it is Ferrari’s 70th year in the industry, we believe that it’s only fair that we shed...
by - July 18, 2017
Earlier this month, we were getting hints that Hyundai, along with its sister company Genesis, isn’t doing so well in the United States as well as in Europe. So this...
by - July 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries