SAIC July auto sales fall 2.97%

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Top Chinese automaker SAIC Motor Corp saw July vehicle sales fall 2.97 percent from a year ago, amid a slowdown in the world’s largest auto market, Reuters reported Friday.

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SAIC, the China partner of General Motors and Volkswagen, sold 270,439 vehicles in July, down from 278,730 units a year earlier and 317,682 in June, it said in a stock exchange filing on Friday.

However, total sales so far this year remain up 10.8 percent from a year ago, the firm said. In the first half, SAIC sold more than 2 million vehicles, up 13 percent year on year. The company has said it aims to sell 4 million units for the full year. Via: ChinaDaily.

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