Great Wall Motor Sales Fall in July on H6 SUV Slump
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Great Wall Motor Co., China’s largest SUV maker, fell in Hong Kong trading after sales declined for the first time in 10 months, raising concern that demand is faltering for local automakers in the world’s largest market.
The shares fell 3.6 percent to HK$24.10 at 9:46 a.m., headed for the lowest close since December 2012. Deliveries fell 1.7 percent to 47,445 units in July, even after the company offered discounts, according to a company filing to the Hong Kong stock exchange on Thursday. Sales for its most popular model, the H6 sport utility vehicle, dropped 13 percent.