Auto companies July sales not slack in slack season

The heavyweight autos successively published July production and sales bulletins. The statistics published recently by SAIC, GAC, Changan Auto and JAC showed that July sales all further grew year-on-year and month-on-month. Since July and August are generally the low seasons of auto sales, this year’s low season is not slow at all.

Many industry insiders stated that with the upcoming of September,the high season of passenger auto sales and the launching of 10 new heavyweight models at the end of August, the passenger auto sales and achievements of the second half year will be over expectation. So will be the related auto parts industry.

The most outstanding statistics are from GAC and Changan Auto. GAC statistics showed that July sales totaled 79,145 vehicles, increased by 21.55% compared to 65,115 vehicles from a year earlier, much higher than 12% year-on-year growth of June sales. Changan Auto July sales rose 31.01%, higher than 6.39% year-on-year growth of June sales and much higher than 9.54% growth from a year earlier.

Besides, JAC July sales rose 7.71%, although slower than 25.10% growth of June sales but much better than 13.90% decline from a year earlier. Among the four companied, only SAIC July sales were 353,000 units, rising 10.11% year-on-year, worse then June sales and a year earlier.

Although the statistics are boring, the conclusion is inspiring that this year auto sales are not slack in the slack season and with the upcoming of the high season, the auto sales of the third quarter and the whole year of the listed auto companies, especially the passenger autos will be probably out of our expectations.