SAIC Motor logs bigger YoY sales increase in July

Shanghai (Gasgoo)- With 457,558 new vehicles sold, SAIC Motor recorded a 4.04% year-on-year growth in July sales, 1.27 percentage points higher than the increase in June sales, according to the company's sales report.

Except SAIC Volkswagen, SAIC Motor PV and SAIC GM Wuling Indonesia Co.,Ltd., the other subsidiaries all saw their July sales rise over the previous year. Notably, CV makers, such as SAIC-IVECO Hongyan Commercial Vehicle and Naveco Ltd., had their sales over doubled from the previous year.

(New Baojun RM-5, photo source: SAIC-GM-Wuling)

In terms of July sales, SAIC-GM-Wuling (SGMW) took the runner-up place among SAIC's subsidiaries by selling 130,000 new vehicles, only 4,000 units fewer than that of the champion SAIC Volkswagen. It also attained a robust growth standing at 19.82%, the fourth-month-in-a-row increase the automaker achieved this year.

SGMW announced via its WeChat account that the July sales of its Wuling and New Baojun brands surged 50% and 47% from a year earlier. During the same period, it sold a total of 10,764 NEVs (+70%). Such NEV models as the Baojun E100, the Baojun E200, the New Baojun E300/E300P and the Hongguang MINI EV are quite well received by consumers thanks to their compact exterior design and intelligent facilities.

(Wuling Hongguang MINI EV, photo source: SAIC-GM-Wuling)

The Wuling Hongguang MINI EV, the first-ever all-electric vehicle of Wuling brand, officially hit the market at the Chengdu Motor Show that kicked off on July 24. Prices of three variants range between only 28,800 yuan ($4,135) and 38,800 yuan ($5,570).

SAIC-GM secured this year's first-time growth in July with 112,767 vehicles sold. According to Buick's announcement, the brand saw its July wholesale mount up 36.6% from the previous year to 76,926 units. To be specific, the sales of the Lacross, the Regal and the Excelle reached 5,739 units (+191%), 13,309 units (+223%) and 17,305 units respectively. Besides, it also sold 20,551 SUVs last month, a year-on-year jump of 32.3%.

(Buick Velite 7 BEV, photo source: SAIC-GM)

The Sino-U.S. joint venture announced a number of new models hit the market in late July, including the Buick Envision S, the Buick Envision S Avenir, the Buick Velite 7 BEV, the Velite 6 PHEV as well as two 28T variants of Cadillac CT6 hit the market.

As for year-to-date performance, the decrease SAIC Motor posted has shrunk to 25.77% as of July from 30.24% for the first-half of the year.