August 7, 2014 / 6:26 AM / 3 years ago

Nissan says July China auto sales fell 12.3 pct y/y

SHANGHAI, Aug 7 (Reuters) - Japanese automaker Nissan Motor Co Ltd said on Thursday that, together with its Chinese joint venture partner, it sold about 79,500 automobiles in China in July, down 12.3 percent from a year earlier.

The drop contrasts with an 11.1 percent year-on-year rise in June and a 3.1 percent increase in May.

Despite the July setback, the company’s sales in the first seven months of the year came to about 699,900 vehicles, up 10.7 percent from the same period a year earlier.

Nissan, which operates a car venture in China with Dongfeng Motor Group Co Ltd, aims to sell 1.4 million cars in the country this year, up 10.6 percent from a year earlier.

Nissan’s Senior Vice President Jun Seki said in May that the company aims to achieve annual China sales of 2 million cars by 2017-2018 as it bolsters its business in the world’s largest car market.

Reporting by Brenda Goh and Samuel Shen; Editing by Kenneth Maxwell

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