BYD’s auto sales in 2019 fall 11.39%, NEV sales drop 7.39%

Shanghai (Gasgoo)- In 2019, Chinese automaker BYD saw its full-year auto sales slide 11.39% year on year with both NEV and oil-fueled vehicle businesses hit by decrease, according to BYD's recent sales report.

In the last month of 2019, BYD's new car sales tumbled 37.99% over the previous year to 43,179 units, representing decline for the sixth month in a row. With only 13,099 units sold in December, the NEV unit suffered a year-over-year plunge of up to 71.92%. Since the new NEV subsidy policy came into effect, BYD has not achieved growth in NEV monthly sales yet.

Nevertheless, the growth in fuel-burning vehicle sales still remained positive in December thanks to the surge in sedan and SUV sales volume. As of December 2019, the automaker has been gaining increase in oil-fueled vehicle sales for four consecutive months.

It is evident that the continuous downturn in NEV sales was the major factor that led to the final annual sales decrease. However, all-electric PV sales still shot up 42.53% from a year earlier, a blooming force defying against the overall flagging trend.

Among new vehicles sold in 2019, 76,741 units (+23.6%) were from the Tang family. The full-year sales volume of the Song series amounted to 177,174 units, of which 23,297 units (+26.4%) were sold in December. BYD said the Song Pro's monthly sales volume has been exceeding 10,000 units for five straight months, and its second-half volume totaled 92,051 units. The sales of the all-new Song MAX MPVs aggregated 68,175 units.

Moreover, the Qin and the Yuan families contributed sales volume of 62,189 units and 61,900 units on an annual basis. The BEV-focused e series featured a 2019 sales volume of 22,422 units (photo source: BYD's WeChat account).