Volkswagen China's August Sales Down 19 percent

Published on:
12 September 2006 at 10:18 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00011556-volkswagen-chinas-august-sales-down-19-pe/

Volkswagen’s two car-making ventures in China sold almost 19% fewer vehicles in August compared with July, as a sales boost triggered by earlier price cuts wore off in a weak market, Reuters reported.

The news agency noted that growth in sedan sales in China has decelerated since April when the Beijing government slapped curbs on credit, afraid that over-investment in pockets of the economy could generate more bad loans.

Volkswagen, China’s top foreign car maker with about a quarter of the market, saw sales drop 18.6% to about 40,900 units in August from July, a company source told Reuters, citing preliminary figures.

For this complete story, please visit Volkswagen China’s August Sales Down 19 percent.

Volkswagen China's August Sales Down 19 percent

Unknown Author

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