Export of JAC booming last year

www.chinatrucks.com: JAC Motors released their sales report on March 27. Their sales revenues were 30.47 billion RMB in 2011, up 2.58%, and their net profits were 620 million RMB, down 46.9%.

466, 000 JAC vehicles were sold in 2011, up 5.4%, and sales revenues increased by 2.6%.

However, exports of JAC performed rather well in 2011. Over 66,000 JAC vehicles were exported in 2011, up 207.19%. And they exported 37,000 vehicles to Brazil. The new auto import tax for Brazil are up to 37%~55%, and this will affect JAC Motors.

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