China: Audi’s Sales Hit Record Highs In February
$AUDVF
German automaker Audi AG (OTCMKT:AUDVF) announced Thursday that its sales in China hit a new record high in February.
According to the Ingolstadt-based company, 34,152 vehicles were delivered to Chinese customers in the traditionally lower sales month of the Chinese New Year, representing a Y-Y increase of 1.3%.
Therefore, the brand’s sales in China increased by 4.2% to 88,554 units in the 1st 2 months of Y 2016.
The company also stated on its website that it has recently started to introduce a broad based generation changeover applying to large parts of its Chinese model range.
Meanwhile, Audi’s worldwide deliveries increased by 3.3% Y-Y to around 126,500 cars. In Europe, the company achieved high sales growth, up 8.1% to around 65,150 units.
| Symbol | Last Trade | Date | Change | Open | High | Low | Volume |
| OTCMKT:AUDVF | 710 | 10 Mar-2016 | -3.75 | 710 | 710 | 710 | 100 |
| HeffX-LTN Analysis for AUDVF: | Overall | Short | Intermediate | Long |
| Neutral (-0.12) | Neutral (-0.13) | Neutral (-0.20) | Neutral (-0.03) |
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HeffX-LTN
Paul Ebeling
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