Incentives Fail to Bolster Dongfeng Sales

Dongfeng Automobile Co yesterday reported a 14.3-percent drop in first quarter sales from a year earlier as mainstream models failed to benefit from government incentives.

The listing unit of China's third-largest auto maker sold 43,004 vehicles in the first three months of this year, according to a statement to the Shanghai Stock Exchange yesterday.

Sales of commercial vehicles fell 16 percent to 32,137 units, while combined sales of sport utility vehicles, multi-purpose vehicles and pickups declined 8 percent during the same period from a year earlier.

Engine sales slumped 51 units to 22,541 units from January to March.

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