Changan Automobile faces 23.5% YoY decline in Jan.-Nov. sales

Shanghai (Gasgoo)- Chongqing Changan Automobile Co.,Ltd (Changan Automobile) announced that its Nov. sales tumbled 39.6% over a year earlier to 161,458 units and also declined 5.3% from a month ago. It is the seventh month in a row for the automaker to face year-on-year drop. For the first eleven months, Changan Automobile sold 1,979,649 vehicles in total, a rather steep YoY decrease of 23.5%.

The sales of Changan Automobile's self-owned brand amounted to 118,902 units in the past November among which 5,278 units were new energy vehicles.

As to the performance of specific models in November, the sales of the CS55 and CS75 SUVs reached 15,777 units and 12,036 units respectively. The CS35 Series had a sales volume of 12,751 units. Meanwhile, a total of 9,343 EADO sedans were delivered last month. The automaker didn’t reveal the sales of the Raeton sedans.

Changan Ford's Nov. sales plummeted 70.2% from the year-over period to 24,437 units. Besides, the joint venture saw its year-to-date (YTD) sales halved over the previous year to 359,972 units. Changan Ford's annual sales peaked at around 957,000 units in 2016, yet failed to keep the rising momentum or even stay flat afterwards with its sales dropping 14% YoY to around 827,000 units in 2017. After compiled the sales data released by Changan Automobile each month, Gasgoo found out that Changan Ford has experienced YoY drop for 11 consecutive months from the beginning of 2018.

Changan Mazda's year-to-date (YTD) sales were 154,762 units, declining 11.3% over the same period a year ago when the sales were significantly growing thanks to the launching of the second-generation Mazda CX-5 and soon-to-be-cancelled vehicle purchase tax exemption. The joint venture launched the Mazda CX—a brand-new large-sized 7-seater SUV model on December 7, which is expected to further promote the overall sales.