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Jiangling's auto sales drop 16.2% in May

Jun. 5, 2012 (China Knowledge) –Jiangling Motors Corp Ltd<000550><200550>, one of China's major carmakers, announced yesterday that its auto sales decreased 16.2% YoY to 14,056 units in May.

In a statement filed with Shanghai Stock Exchange, the automaker saw its sales of Ford commercial vehicles dropped 26.7% YoY to 3,431 unties for last month.

The sales of JMC truck and JMC pickup and SUVs reached 5,651 and 4,974 units, down 3.8% and 19.9% YoY, respectively.

Last month, Jiangling produced 14,933 units of vehicles, 9.2% lower than it realized in the same month of 2011.

During the first five month period, the company's auto sales totaled 87,521 units, decreased 2.8% YoY.

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