Dongfeng Motor Corporation reports double-digit YoY sales drop in July

Shanghai (Gasgoo)- In July, Dongfeng Motor Corporation saw its July sales evidently fall 18.76% to 185,966 vehicles. For the first seven months, the automaker delivered 1,696,102 vehicles in total, a slight sales drop of 0.24% compared with the same period in 2017, according to the sales report released by the group. 

The sales of its passenger vehicle (PV) and commercial vehicle (CV) sectors reached 156,578 units and 29,388 units respectively in July, both suffering two-digit year-on-year decrease—the PV sales fell 19.11% and the CV sales shrank 16.84%. In terms of the performance of each segment, the automaker's car sales in July climbed 5.9% from a year ago to 87,917 units. However, the SUV and MPV sales were 57,080 units and 11,581 units, slumping 39.37% and 29.41% over the year-ago period respectively. From January to July, the cumulative sales of PVs and CVs amounted to 1,435,298 units and 260,804 units, edging down 0.57% and edging up 1.59% from the previous year.

Dongfeng Motor Company Limited (DFL) posted a year-on-year decline of 8.46% with 94,444 vehicles delivered last month. Such sales downturn resulted from the depressed performances made by Dongfeng Venucia, Dongfeng Nissan and Dongfeng Automobile Co.,Ltd, whose July sales all faced reduction to different degrees. Meanwhile, both Zhengzhou Nissan and Dongfeng Infiniti saw their sales rise 18.52% and 2.52% over a year ago, while still failed to help DFL achieve positive growth due to their relatively small sales quantity.

Three major joint ventures, namely, Dongfeng Honda, Dongfeng Renault and Dongfeng Peugeot Citroen Automobile (DPCA), all experienced year-on-year sales slump last month. Especially, July sales of Dongfeng Renault were almost halved versus the performance in the previous year.