Passenger car retail sales in China fell 80% last month, preliminary data from the China Passenger Car Association showed.
Passenger car retail sales in China fell 80% last month, preliminary data from the China Passenger Car Association showed.BAIC BluePark, electric unit of state-owned BAIC Group, sold 1,002 units in February, down 65.1% from a year earlier.Guangzhou-based GAC, which has joint ventures with Toyota, Honda, Mitsubishi and FCA, said it sold 19,347 vehicles in February, down 81.1% year on year.
General Motors' Shanghai joint venture with SAIC Motor sold 7,612 units in February, down 92.2% year on year. Honda Motor, which has joint ventures with GAC and Hubei-based Dongfeng, sold 11,288 units last month, down 85.1% year on year. China's biggest automaker, SAIC Motor, which has joint ventures with Volkswagen and General Motors, said group sales dropped 86.9% to 47,365 units last month.
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