Geely Automobile reports roughly 27% year-on-year decline in May sales

Shanghai (Gasgoo)- Geely Automobile Holding Limited (Geely Automobile or the Group) announced on June 10 that its vehicle sales volume (including the sales volume of Lynk & Co-branded vehicles) for the month of May 2019 reached 90,309 units, a year-on-year decrease of 26.62% and down by 13.09% from April 2019.

The Group said the monthly sales drop mainly resulted from a continuous clearance on aggregated inventories of the dealers. However, the corresponding retail sales volume still chalked up steady year-on-year and month-on-month growth over the same period.

According to the announcement, Geely Automobile's export volume was increased more than twofold from the previous year to 5,498 units in May, while sales for the China's market slumped around 30% to 84,811 units.

For the first five months of 2019, the automaker has sold a total of 560,805 vehicles, compared with 638,181 vehicles sold in the same period a year ago. By the end of May, the company has achieved 37% of its full-year sales target of 1.51 million units in 2019.

Compared with the year-ago-period performance, most models were faced with double-digit decline in May sales. Especially, the sales volume of the all-new Vision, the Emgrand GL, the Borui series, the Emgrand GS and the Vision SUV all presented year-on-year slump of over 50%. Besides, the automaker didn't release the sales number of the Vision S1 for May 2019.

（Photo source:Geely Automobile's WeChat account)

It is noteworthy that the sales volume of Geely's first MPV model “Jiaji” climbed 3.2% month on month to 4,164 units.

（Photo source:Geely Automobile's WeChat account)

The Group also announced that the monthly sales volume of its first high-end all-electric sedan model “Geometry A” amounted to 1,375 units. Sales volume of the company's all new energy and electrified vehicles totaled 10,155 units in May.

（Photo source:Geely Automobile's WeChat account)

During the month of May 2019, the sales of the Lynk & Co 01, 02 and 03 were 4,104 units, 2,040 units and 3,046 units respectively.