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Changan Automobile’s Oct. sales remain flat from the prior-year period

Monika From Gasgoo| November 07 , 2019

Shanghai (Gasgoo)- Chongqing Changan Automobile Co., Ltd (Changan Automobile) said its auto sales in October edged down 0.9% year on year, the smallest decrease the automaker posted so far this year.

Changan Automobile Oct. sales, Changan Ford Oct. sales,China automotive news

For the first ten months, the company saw total sales slump 21.5% to 1,389,897 units. However, the decrease in year-to-date sales has been continuously shrinking since May, 2019, according to the sales data of previous months.

Changan Automobile Oct. sales, Changan Ford Oct. sales,China automotive news

(Photo source: Changan Ford)

Most subsidiaries suffered double-digit decline in Oct. sales. The major earning contributor Changan Ford featured a year-on-year decrease of 31.8%, versus the 36.7% drop in Sept. sales. To revive sales performance, the joint venture plans to roll out at least 18 new models, including 5 NEV models, over the next three years under the step-up cooperation between two parent companies. At the second China International Import Expo (CIIE), the joint venture just signed a contract with Ford Motor to import $741 million worth of auto parts from the latter next year.

Hefei Changan, selling 24,710 vehicles in October, boasted a remarkable year-on-year hike of 269%. In September, the Hefei-based subsidiary also clocked an impressive growth of 88.3%.

Changan Automobile Oct. sales, Changan Ford Oct. sales,China automotive news

(Photo source: Changan Automobile)

Last month, sales volume of the automaker's self-developed vehicles reached 123,713 units, which happened to rise 6.6% both year on year and month on month. The year-to-date volume has exceeded 1 million units as of October, according to a statement posted on Changan's WeChat account.

Changan Automobile Oct. sales, Changan Ford Oct. sales,China automotive news

(Photo source: Changan Automobile)

To be specific, Oct. sales of the CS75 and the CS35 SUVs were 25,189 units (+68.2%) and 13,338 units (+62.8%). The two hotter-selling SUV models should be accountable for the overall increase. Meanwhile, Changan Automobile also sold 7,207 CS55 SUVs and 9,123 EADO cars.

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