Summary of Geely, Changan, GWM October sales

Shanghai(Gasgoo)-Recently, automakers released their October output and sales volume. Among them, three China's top self-owned automakers, Geely, Changan and GWM boasted remarkable sales in October. Geely and Changan delivered more than 100,000 units, and GMW's sales in October also reached approximately 100,000 units.

GWM October sales totaled 98,590 units, up 2.25% year on year and 8.68% month on month. Its cumulative sales during January and October reached 719,285 units, which lagged far behind that of Geely and Changan. In specific, the premium brand, the WEY delivered 16,167 model units, and the sales of the VV7 and the VV5 both reached more than 8,000 units, which is a good beginning for GWM to enter into high-end vehicle market. In October, the Great Wall car brand sold 770 units, while the Haval brand delivered 81,653 units. The Haval H6 dropped 13.5% over the same period last year to more than 49,000 units. The new Haval M6 boasted a robust sales of 7,051 units, easing the situation for GWM's sales decline.

Geely boasted a remarkable market performance this year. Its October sales reached 125,201 units, increasing 30.58% year on year and 14.88% month on month. Up to October, the cumulative sales of Geely reached over 950,000 units, signifying that it's very easy for Geely to complete its annual sales target of 1,100,000 units. In October, six Geely models were sold more than 10,000 units. Particularly, the Geely Boyue ranked the fourth place in China's SUV sales with sales of over 30,000 units. Geely's highly-anticipated new models, the Lynk & Co 01 and S1 have started preorder, and the orders are said to be considerable.

Mainly supported with the sales drivers, the new CS55 and the A800, Changan posted October sales of 100,000 units, down 13.95% year on year and up 2.63% month on month. During January and October, sales of Changan totaled 862,755 units. Each sales of the Changan CS75, CS35 and CS55 exceeded 10,000 units. The Changan Eado, Alsvin, CS15, CX70, Honor and Ossan suffered sales slump. Compared with the two models of WEY and the Lynk & Co 01's popularity, Changan's premium model, the CS95 sold not very well, which exerts difficulties on Changan's way to go upscale.