Chinese car and battery maker BYD, backed by Warren Buffett, said its August vehicle sales fell 5.9% from July with the 31,069 vehicles sold in August down 19% year on year. Overall car sales in China rose 59% in August on year.
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“Overall car sales in China were weak in July and August, and some automakers cut prices,” BYD Auto spokesman Paul Lin told just-auto.
Vehicle sales for the first eight months of 2010 rose 43.4% to 353,129 units, representing about 59% of BYD’s revised sales target of 600,000 for the whole of 2010. BYD cut its 2010 sales target by 25% in July.
“We will watch for September and October, which are traditionally golden months for auto sales,” Lin said.
In late August, BYD launched two new models, the M6 and L3, which could help boost sales for the rest of the year, the spokesman said. “We plan to launch the S6 by the end of the year,” he added.
