China’s biggest carmaker expects 1st annual sales drop

Japan News | Jul 20, 2019 at 11:17 AM
  • The new target of 6.54 million is about 8 percent below SAIC’s public forecast for a slight increase in sales and would represent the first full-year drop on record.
  • At SAIC’s venture with VW, sales are expected to fall by about 3 percent to 2 million units and deliveries at SAIC General Motors Corp. are projected to slide by almost 8 percent to 1.82 million vehicles.
  • The figures would represent the first full-year drop for the VW venture and the second-straight annual decline for the GM one.