Geely Auto deliveries fall 10% in June amid sales, marketing changes
Private Chinese carmaker Geely Automobile Holdings' vehicle deliveries tumbled 10 percent in June from the year-earlier month to 31,321 units.
The company blamed the decline on ongoing efforts to improve products and reshuffle sales and marketing operations.
For the first six months, Geely Auto's sales slumped 29 percent year-on-year to 187,186 vehicles.
That means in the first half of this year the company achieved only 32 percent of its sales target of 580,000 units for the year.
In March, Geely Auto said it planned to consolidate its three brands -- Emgrand, Gleagle and Englon -- and sell its vehicles under the Geely brand.
Geely Auto, headquartered in the east China city of Hangzhou and listed in Hong Kong, is a subsidiary of Zhejiang Geely Holding Group Co., which owns Volvo Car Corp.
For the first six months, Geely Auto's sales slumped 29 percent year-on-year to 187,186 vehicles.
That means in the first half of this year the company achieved only 32 percent of its sales target of 580,000 units for the year.
In March, Geely Auto said it planned to consolidate its three brands -- Emgrand, Gleagle and Englon -- and sell its vehicles under the Geely brand.
Geely Auto, headquartered in the east China city of Hangzhou and listed in Hong Kong, is a subsidiary of Zhejiang Geely Holding Group Co., which owns Volvo Car Corp.
