Nissan Feb China auto sales down on weak economy, holiday
[BEIJING] Nissan Motor Co Ltd said on Tuesday its China sales declined 2.4 per cent in February, as economic slowdown and the Chinese New Year holiday dragged on commercial vehicle sales in the mainland.
The Japanese automaker sold about 70,200 automobiles in China in February. Nissan's mainland joint venture for passenger cars with Dongfeng Motor Group Co Ltd sold 63,100 cars, a 16 per cent increase from February last year.
Seasonal distortions also accounted for the decline in sales as February had fewer working days this year because of Chinese New Year, which fell a month earlier in 2014.
February's decline follows a 22.2 per cent year-on-year increase in January and a 9.1 per cent drop in December.
The company's China sales in the first two months of the year was about 186,600 vehicles, up 11.7 per cent from the same period a year earlier.
The automaker is targeting at least 1.3 million car sales this year.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Tesla lays off more staff in software, service teams, Electrek reports
GLP says 2025 bond repayment sources identified
Volvo Cars April sales rise on strong EV demand
EV automakers get reprieve in US tax credit rules
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Luminar to cut nearly 20% jobs as part of restructuring