SAIC own brand record sales for January

The Roewe 550 is leading the way in setting a new SAIC own brand sales record of 3605 cars in January, total SAIC own brand sales also set a new monthly record of 4005 vehicles. Clearly Chinese customers recognise the difference between old and new technology!

Sales figures for February may not be setting new records due to the fact that the 4S stores are now out-of-stock!

Suggestions that this is because of the Chinese governments January sales tax cuts are invalid as the Roewe 550's 1.8 engine is too large to enjoy the new tax benefits. The reasons are thought to be due to increasing brand awareness and the quality of the car.

Overall SAIC profits for 2009 are expected to increase by 15% and the company's stock value is currently heading back upwards in response, a pleasant change the their continuous plummeting during 2008. See the live graph on Google finance.


Reference: http://finance.ifeng.com/zq/gszs/20090205/352734.shtml

The Roewe 550 is leading the way in setting a new
SAIC own brand sales record of 3605 cars in January, total SAIC own
brand sales also set a new monthly record of 4005 vehicles....

Do I take it "own brand" means "not JV brand" and therefore means "Roewe plus MG"? If so, two(?*) vehicle types of Roewe sold 3,605 and three(?) vehicle types of MG sold only 400?

* is there a stretched 750 also?

...Suggestions
that this is because of the Chinese government's January sales tax cuts
are invalid as the Roewe 550's 1.8 engine is too large to enjoy the new
tax benefits.

so the tax cuts favouring IIRC 1.6 and under were for January only?

Overall SAIC profits for
2009 are expected to increase by 15%

hooray! but even with 1% of that coming from cost savings, a mere 5% fall in sales would wipe profits out entirely at constant costs...

and the company's stock value is
currently heading back upwards in response, a pleasant change the their
continuous plummeting during 2008. See the live graph on Google finance.

but SAIC can't defy gravity. Probably.

patpending wrote:Do I take it "own brand" means "not JV brand" and therefore means "Roewe plus MG"?

Correct, I think you could possibly still count Ssangyong but only for a few days more and I don't think it was included in the figures.

If so, two(?*) vehicle types of Roewe sold 3,605 and three(?) vehicle types of MG sold only 400?

The way I read it, the 550 alone managed 3605 so MG is not doing too well. It needs the MG6 urgently!

but SAIC can't defy gravity. Probably.

I suspect now is a good time to buy SAIC shares, but the graphs clearly show that values can go down, and down, and down...

Windy wrote:

but SAIC can't defy gravity. Probably.

I suspect now is a good time to buy SAIC shares, but the graphs clearly show that values can go down, and down, and down...

you clearly get commission, but if sales of only 600 units are shared between the 750 AND all three MGs, as the woman said (Yazz?), "the only way is up!"

(for sales. Or "how low can they go?" )

As Bloomberg says: "The shares have gained 27 percent this year after tumbling 80 percent in 2008."

Sell and buy at the right times and you can make a fortune.

Windy wrote:As Bloomberg says: "The shares have gained 27 percent this year after tumbling 80 percent in 2008."

Sell and buy at the right times and you can make a fortune.

definitely...but the investor abhors uncertainty.

And if anyone had invested their pounds in SAIC last year, they would presumably have lost even more as the pound has done a vulture crashdive...even in yuan, down 80% then up 27% is around "down 75%" overall...