tiprankstipranks
Guangzhou Auto Group Faces Sharp Decline in Sales
Company Announcements

Guangzhou Auto Group Faces Sharp Decline in Sales

Guangzhou Automobile Group Co (HK:2238) has released an update.

Don't Miss our Black Friday Offers:

Guangzhou Automobile Group Co., Ltd. reported a significant decline in both production and sales of vehicles for September 2024, with year-on-year decreases of 33.43% in production and 25.03% in sales. The accumulated production and sales volumes for the year also dropped by 26.08% and 25.59% respectively. This downturn reflects a challenging period for the company, with major investment enterprises like GAC Honda and GAC Toyota also experiencing substantial declines.

For further insights into HK:2238 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskGuangzhou Automobile Group Reports Sharp Decline in 2024
TheFlyGuangzhou Automobile downgraded to Underweight from Neutral at JPMorgan
TipRanks HongKong Auto-Generated NewsdeskGuangzhou Automobile Group Faces Major Profit Decline
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App