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Changan Auto reports 8.8% drop in sales in Mar

Apr. 10, 2012 (China Knowledge) - Chongqing Changan Automobile Co Ltd<000625><200625>, a leading domestic automaker, said yesterday that its auto sales fell 8.8% year on year to 178,090 units last month.

The company said in a statement filed with the Shenzhen Stock Exchange that its auto sales totaled 446,076 units in the first quarter, 17% less than in the same period of last year.

Last month, the company produced 172,701 vehicles, reflecting a decline of 10.9% year on year.

The firm's auto output reached 420,208 units in the first quarter, 16.45% less than in the corresponding period of 2011.

Changan Auto sold 1.66 million vehicles in 2011, over 10% less than the 1.85 million units sold in 2010.

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