briefly read the summary of its report and GW has been doing even better than Guosen's rather optimistic forecast
mainly due to better than expected sales of SUV ..
We forecast GreatWall‟s pick-up trucks,SUV and sedan sales will reach 132,000, 261,000 and 193,000 units in 2012 respectively,
representing a y-o-y growth of 8%, 77% and -1% respectively.
The company‟s total auto sales should exceed 585,000 units in 2012.
The selling prices of Great Wall‟s vehicles and the gross profit margin are expected to slightly increase due to product mix upgrade.
Great Wall might face risks if market acceptance of its new models is low.