Report: July PV sales down 18% in China

Shanghai, August 7 (Gasgoo.com)  China's passenger vehicle sales plunged 18 percent in July compared with June in terms of vehicles sold by top 15 automakers, latest data from China Passenger Car Association shows.

Shanghai GM and FAW Volkswagen were China's two automakers of largest sales in July. They were followed by Guangzhou Honda with sales surging 57.19 percent month on month to 30,148 units, thanks to the launch of new generation Accord and Fit.

Except for Guangzhou Honda, all the other 14 automakers saw monthly sales decline in July from the previous month. Beijing Hyundai's sales fell more than 50 percent, while Chery Auto and Dongfeng-PSA also sold 20% less vehicles than June.

On the model side, Dongfeng Nissan achieved the most remarkable results with sales of its new-generation Teana reaching 8,905 units in July, up 177 percent month on month and 200 percent year on year.

The New Accord was the top selling car in the mid- to high-end vehicle segment in July, with 17,191 units sold. Camry held the second place with 9,439 units sold.