Trans-China Automotive Holdings Ltd. (SG:VI2) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Trans-China Automotive Holdings Ltd. reports a significant 26.2% drop in total revenue for the first nine months of 2024, attributed to declining automobile sales. Despite a decrease in premium car sales by 5.9%, the company managed to improve its new car gross margin in the third quarter. The automotive market remains highly competitive, contrasting with a slight growth in the overall market during the same period.
For further insights into SG:VI2 stock, check out TipRanks’ Stock Analysis page.