2017 Sales Volume Target May Be Overly Aggressive
Great Wall Motor has announced that it achieved full-year sales volume of 1.07 million vehicles, up 26% relative to a year ago. Sales volume exceeded the company’s 2016 target by 13%, backed by continued strength in the SUV segment. The company has set a sales target of 1.25 million vehicles for 2017, representing a 16% increase over 2016. While the achieved sales volume is impressive, we believe it is supported by the front-loading of sales due to the expectation of the sales tax cut expiration...
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