Chery Auto sales rose 17.52% in January

Geely Auto only increased 4% year-on-year, 18.7% the first financial news yesterday, Chery Auto released January sales figures, to achieve sales of 86,299 vehicles, the year-on-year growth of 17.52%. and Geely car (00175.　　HK) released on 14th, the January sales figures were lower than the brokerage expected, January, the company achieved 45600 car sales, year-on-year growth of about 4%, the chain of 18.7% reduction. Data show that in January, Chery's brands, the flag cloud series of products sold 26,975 units, ranked top, Chery QQ sales 16,864, in the second seat, the wind and cloud 2 sales of 10,854 vehicles, Rui Tiger 3 and A3 respectively sales 9,402 and 7,471. and Chery January QQ sales accounted for only 19.5% of the total sales of Chery.　　In the same period, Chery January exports reached 10,505 vehicles, an increase of 132.5%.　　And Geely's sales figures show that January sales in the free ship, Geely, Royal EC7 and EC8, the vision is 9,115, 9,194, 8,993, 7,564 vehicles. Guotai (Hong Kong) analyst Chen Huanyu released the study yesterday that Geely's sales growth in January was weaker than the agency's expectations and market averages, and all models were sold on a month-on-month decline, the most serious of which were the older and lower-priced free ships and King Kong, mainly because of the city that imposed the purchase order,　　Consumers tend to buy higher-priced cars.　　At the same time, the state purchase tax, the old trade and the car to the countryside and other policies will be more difficult for Geely's sales growth, Guotai (Hong Kong) said it would consider whether to downgrade the company's rating to "neutral." Yesterday, Geely cars closed at HK $3.76, a 0.79% decline.