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SAIC Motor’s July sales show smaller year-on-year drop

Monika From Gasgoo| August 10 , 2019

Shanghai (Gasgoo)- SAIC Motor reported July sales of 439,794 units, posting a decline of 9.29% over a year ago, versus the 15.97% year-on-year decrease in June sales.

SAIC Motor sales July 2019, SAIC Volkswagen sales July 2019, China automotive news

In July, the China's biggest auto group output 385,230 vehicles, a double-digit decrease of 22.73% from the previous year.

For the first seven months, cumulative vehicle sales and outputs of the Shanghai-based automaker slid 15.73% and 21.04% year over year respectively to 3,377,090 units and 3,242,490 units.

SAIC Motor sales July 2019, SAIC Volkswagen sales July 2019, China automotive news

As to the sales for the month of July, the top three subsidiaries—SAIC Volkswagen, SAIC-GM and SAIC-GM-Wuling—were all hit by negative year-on-year growth. However, SAIC Motor PV and SAIC Maxus saw their July sales climb 8.14% and surge 48.85% respectively.

According to China Passenger Car Association (CPCA), SAIC Volkswagen and SAIC-GM possessed the runner-up and second runner-up places on the automaker ranking in terms of PV wholesale volume in July. Besides, SAIC-GM-Wuling and SAIC Motor PV were ranked sixth and tenth respectively on the list.

Apart from SAIC GM Wuling Indonesia Co.,Ltd and MG Motor India, which was newly added into the report from August on, the other subsidiaries all suffered year-on-year downturn in year-to-date sales.

SAIC Motor is ambitious to sell 7.1 million vehicles throughout 2019 with a growth of 0.6% compared with 2018, the automaker previously said. However, the current cumulative performance shows that the auto giant has so far completed only 47.6% of its annual sales target.

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