GAC Group July sales down slightly

Beijing (Gasgoo)- GAC Group sold 180,518 new vehicles in July with a slight year-on-year decrease of 1.86%, according to the sales report of the company. For the first seven months of this year, its cumulative sales jumped nearly 20% to 1,207,023 vehicles.

Last month, the group produced 163,729 vehicles, down 19.1% from a year earlier while its total production volume in the past seven months increased by 16.56% to 1,165,175 vehicles.

Among all its joint ventures, only GAC Toyota achieved year-on-year sales growth in July. With more than 75,000 vehicles sold in July, GAC Toyota’s monthly sales saw an increase of 0.76% versus the same month of last year. GAC Honda and GAC Hino also had sales increase in terms of the cumulative sales of the first seven months.

Photo credit: GAC Group

Relatively speaking, the group’s self-owned business outperformed the joint ventures in sales growth. Monthly sales of GAC Motor jumped 26.4% to nearly 30,000 vehicles while sales of GAC Aion more than doubled in July.

Last month, the group sold 11,909 new energy vehicles (NEVs) in total, representing a surge of 80.9% year on year. By the end of July, its NEV sales of this year jumped 84.1% year on year to 63,457 vehicles. In July, there were more than 16,000 newly-added orders in GAC Aion.