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Trans-China Auto Faces Tough Q1 Amid Market Growth

Trans-China Auto Faces Tough Q1 Amid Market Growth

Trans-China Automotive Holdings Ltd. (SG:VI2) has released an update.

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Trans-China Automotive Holdings Ltd. reports a challenging first quarter in 2024 with a marginal 0.6% increase in premium car sales lagging behind the overall market’s 13.2% growth. The company’s total revenue fell by 22.5% due to decreased automobile sales, despite a rebound in after-sales revenue.

For further insights into SG:VI2 stock, check out TipRanks’ Stock Analysis page.

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