Great Wall Motors boasts 11.09% YoY growth in July sales

Shanghai (Gasgoo)- Great Wall Motors sold 60,357 vehicles in July, boasting a double-digit year-on-year growth of 11.09%, the automaker said on August 8.

Among vehicles sold last month, 42,888 units, 7,246 units, 2,071 units and 8,075 units came from Haval, WEY, ORA brands and Wingle pickups respectively.

Both two SUV brands achieved positive year-on-year increase in July sales—15% for Haval and 2.34% for WEY. However, when we check the detailed sales volume of specific models, we can discover that a large part of models for both Haval and WEY were actually hit by decrease over the previous year.

As for the mainstay Haval, the July sales of the Haval H2, H4, H6 and H9 all presented double-digit drop. Besides, sales of WEY's VV5, VV7 and P8 all showed year-on-year plunge of over 50%.

The energy that enabled the ultimate growth primarily came from the outstanding sales performance of several new models. The combined sales of the Haval F5 and F7—both of them went on sale after August 2018—totaled 9,489 units, accounting for roughly 22% of total Haval’s sales.

The WEY VV6, hitting the market on August 27, 2018, got a sales volume of 4,636 units in July, evidently more than the combined sales of the VV5 and VV7.

Besides, the sales of Haval M6 in July remarkably zoomed up 105.28% year on year to 5,052 units. Its robust growth also boosted Haval’s sales increase finally.

The new energy vehicle (NEV) brand ORA also pumped fresh blood for Great Wall Motors. Nevertheless, sales of the ORA R1 and iQ, amounting to 1,677 units and 394 units in July respectively, were sharply decreased compared with the previous month. Other major NEV manufacturers like BAIC BJEV and BYD all faced the similar issue. Overdrawing market demands before the ending date (June 25) of a three-month grace period for a stricter NEV subsidy policy can also explain ORA's month-on-month decrease here.

Moreover, for the first seven months, the automaker saw its year-to-date sales rise 5.33% from the year-ago period to 553,895 units, mainly thanks to the in-time roll-out of new products (Photo source: Great Wall Motors press release).