Honda, Nissan saw China sales tumble in June By Reuters

Honda, Nissan saw China sales tumble in June By Reuters


2/2
© Reuters. Employees work on a production line inside a Dongfeng Honda factory after lockdown measures in Wuhan, the capital of Hubei province and China’s epicentre of the novel coronavirus disease (COVID-19) outbreak, were further eased, April 8, 2020. REUTERS/Aly

2/2

BEIJING (Reuters) – Japanese automakers Honda Motor and Nissan (OTC:) Motor saw their sales in China tumble in June as overall sales in the world’s biggest car market decline.

Honda sold 118,168 cars in China in June, down 17% from a year earlier. Nissan said in a statement that it sold 114,605 vehicles in China last month, down 16.3%.

The China Association of Automobile Manufacturers (CAAM) said on Monday that it expects vehicle sales in China to hit 1.93 million units in June, down 16.3% from a year earlier.

Separately, General Motors Co (NYSE:), which only reports quarterly China sales, said it sold over 750,000 between April and June, up 5.2% from the same period last year.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Leave a comment

Send a Comment

Your email address will not be published.

Enter text shown below: