By Martin Mou
SAIC Motor Corp. said on Friday that its vehicle sales in January declined 35% on year to 400,208 units, the latest Chinese car maker to report sharply lower sales for the month.
Its joint-venture with General Motors, which produces Buick, Cadillac and Chevrolet cars, sold 125,464 cars last month, down 30% from a year earlier.
Sales at SAIC's JV with Volkswagen AG fell 41% on year to 113,000 units.
Chinese car makers Geely Automobile Holdings, BYD Co. and Great Wall Motor Co. have also reported weaker January vehicle sales.
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