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Guangzhou Automobile reports sales recovery in August

September 09, 2020


Abstract : Chinese automaker Guangzhou Automobile Group Co., Ltd. (GAC Group) reported sustained sales recovery in August despite the impact of the COVID-19 epidemic.

GUANGZHOU, Sept. 8 (Xinhua) -- Chinese automaker Guangzhou Automobile Group Co., Ltd. (GAC Group) reported sustained sales recovery in August despite the impact of the COVID-19 epidemic.

The carmaker sold 180,600 vehicles last month, a year-on-year increase of 11.64 percent, GAC Group said in its filing with the Shanghai Stock Exchange.

During the January-August period, its automobile sales declined 9.87 percent year on year to nearly 1.19 million units due to the weaker auto market during the COVID-19 epidemic earlier this year. Enditem

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