GAC Group gains YoY sales growth of 7.34% in 2018, total sales exceed 2 million units again

Shanghai (Gasgoo)- GAC Group announced a year-on-year (YoY) growth of 7.34% with a total of 2,147,892 vehicles sold in 2018 and most subsidiaries achieved positive growth from the previous year. With regard to the performance in December, the automaker still attained a YoY increase of 4.73%.

Last year, three Sino-Japanese joint ventures all showed rising momentum. GAC Honda gained a YoY growth of 5.16% thanks to the fresh power coming from the tenth-generation Accord and the all-new Crider that were newly launched in 2018. The tenth-generation Accord had its cumulative sales reach around 120,000 units after it hit the market in last April, which also made the sales of the Accord total nearly 180,000 units throughout 2018 with an evident YoY increase of 18.1%.

GAC Toyota saw its sales leap 31.11% in 2018 largely driven by the hotter-selling Highlander and the eighth-generation Camry. The GAC Mitsubishi, featuring relatively weaker presence than GAC Honda and GAC Toyota, also gained a YoY jump of 22.69%, which is quite a miracle because the joint venture has no sedan models and its major products like the Mitsubishi ASX, the Outlander, and the Pajero Sport have been at the end of product lifecycle or have very few market shares. 

However, GAC FCA, which faces the similar trouble to GAC Mitsubishi, witnessed its sales slump 38.99% with only 125,181 units delivered last year.

GAC Trumpchi, the group's self-owned car brand, had its 2018 sales grow 5.23% to 535,168 units, the second consecutively year with full-year sales exceeding 500,000 units after 2017.

As to the sales performance of commercial vehicles (CV), GAC Hino and GAC BYD saw their annual sales splendidly soar 65.44% and 222.02% from the year-ago period.