US automotive giant General Motors(GM) has registered 4% dip in its sales in China on a year-on-year basis in July but hopes to maintain strong margins this year.
GM and its joint ventures posted sales of 229,175 cars in China in July, a report by Reuters said.
The dip in the sales figure in July could be compared to a 0.2% rise in June and a 4% decline in May, while the carmaker's sales grew 3.3% between January and July.
GM spokeswoman Irene Shen said the carmaker eyed maintaining strong margins around 9% to 10%, which was earlier declared by GM's China chief Matt Tsien in May.
GM CEO Mary Barra said: "The first two quarters of the year were strong as we fully capitalized on a robust North American industry and maintained our strength in China, despite the challenging conditions in that market.
"We said our goal was to improve our earnings and margins this year, and we are on-plan. Consistent with that, we believe our results in the second half of the year will be even better than the first half, and we're confident we will meet our 2016 targets."
