SAIC Motor Nov. sales drop 10.4% YoY, the third month in a row showing sales downturn

Shanghai (Gasgoo)- SAIC Motor sold 643,605 vehicles in November, suffering a year-on-year (YoY) drop of 10.4%, while its year-to-date (YTD) sales climbed 3.1% over the year-ago period to 6,392,038 units, according to the automaker's official sales report.

The top 3 subsidiaries by Nov. sales were still SAIC Volkswagen, SAIC GM and SAIC-GM-Wuling whose monthly sales all presented YoY downturn for the third month in a row. Although SAIC-GM-Wuling took the runner-up place followed by SAIC-GM, it saw the YoY drop in YTD sales increased to 3.0% in November from 1% in October affected by the overall vehicle market climate, internal product competition and consumption trend change. Apart from SAIC Motor PV, Naveco and Sunwin Bus, the other subsidiaries all faced negative YoY growth last month.

SAIC Motor PV has maintained a blooming growth momentum this year. In November, it still gained a YoY increase of 16.5%. For the first 11 months, the SAIC Motor's self-owned subsidiary witnessed its cumulative sales leap 35.3% to 632,138 units thanks to the popularity of models under Roewe and MG brand.

It is reported that the cumulative sales of the Roewe RX5 have exceeded 220,000 units through November. The Roewe i5, hitting the market on October 26, had a sales volume of 12,000 units in November. Besides, the sales of the MG HS SUV have exceeded 10,000 units after it went on sales at the end of September.

In November, SAIC Volkswagen still achieved a positive month-on-month (MoM) sales growth of 10% despite its YoY decrease. Aside from such hotter-selling models as the Lavida and the Tiguan, the sales of the new-generation Passat reached nearly 17,000 units with a YoY jump of 22%. The Volkswagen Tharu SUV, launched by the joint venture on the last day of October, pushed the sales to a higher level to some degree.

By the end of November, SAIC-GM has suffered YoY decrease for 6 straight months. However, its Jan-Nov sales still edged up 1% from the previous year.