Great Wall Motor August sales not a strong recovery

Shanghai (GASGOO)-Great Wall Motor, China’s largest SUV and pickup producer, sold 73,663 new vehicles in August, with a year-on-year increase of 0.8 percent. Over the last eight months, the company’s sales total 603,469 units, up 1.88 percent compared with the same period of last year.

Last month, Haval brand sold 58,052 new vehicles, declining 9.27 percent year on year and its sales reached 506,445 in the first eight months of 2017, increasing 0.74 percent year on year. Its luxury brand WEY’s first model, VV7, sold 7,197 units last month, with a month-on-month 18.47 percent increase. The company’s SUV sales, including those of Haval brand and WEY, achieved a growth of 1.98% to 65,249 units. Apart from Haval’s new product M6, whose August sales was 3,201 units, Haval H9 was the only model which achieved growth last month and its sales was 1,041 units.

Meanwhile, the company’s pickup sales was 7,826, up 1.98 percent compared with the same month of last year. As to its two car models, C50 still had no sales and C50 declined 58.65 percent to 588 units.

In the first three quarters of the year, Great Wall only achieved 48.28 percent of its annually target, which is 1.25 million. Even though Haval H6 remained the most popular SUV model in China, the model was also the only one which saw year-on-year decline. Fortunately, its new products have performed well. On the last day of August, another model of WEY, VV5s has already entered into the market. The improvement of product portfolio and the overseas expansion may contribute to the company’s growth.