Nissan China sales fall 9% in October; company trims forecast
SHANGHAI - Nissan Motor Co.'s Chinese joint venture delivered 104,400 automobiles in China in October, down 9 percent from a year earlier, the Japanese carmaker said on Tuesday.
That follows a 20 percent year-on-year decrease in September and a 0.7 percent dip in August.
Nissan said weak sales in China dragged down the company's global earnings for the quarter that ended Sept. 30.
In the first 10 months, Nissan China sold 983,500 vehicles, up 3.5 percent from the same period a year earlier. Nissan is China's largest carmaker, outselling Toyota and Honda.
Nissan, which operates a joint venture with Dongfeng Motor Group, also revised its China sales forecast for the year to 1.27 million vehicles, down from its previous forecast of 1.4 million units.
In May, Senior Vice President Jun Seki said the company aims to achieve annual sales of 2 million cars in China by 2017 or 2018.
Nissan said weak sales in China dragged down the company's global earnings for the quarter that ended Sept. 30.
In the first 10 months, Nissan China sold 983,500 vehicles, up 3.5 percent from the same period a year earlier. Nissan is China's largest carmaker, outselling Toyota and Honda.
Nissan, which operates a joint venture with Dongfeng Motor Group, also revised its China sales forecast for the year to 1.27 million vehicles, down from its previous forecast of 1.4 million units.
In May, Senior Vice President Jun Seki said the company aims to achieve annual sales of 2 million cars in China by 2017 or 2018.
