Sales of Chinese brands dropped 6 percent in July from a year earlier, while German models posted a gain of almost 8 percent. China’s passenger vehicle market is more or less split between sedans and SUVs. The ratio of U.S. trucks (the category that includes SUVs) to sedans has risen sharply to more than 70 percent. Carmakers are churning out too many new SUV models. At Great Wall Motor Co., where almost 90 percent of sales are SUVs, margins came in at around 8 percent, compared with an average of 15 percent across peers.

Source: Washington Post September 02, 2018 23:03 UTC