GAC Group posts YoY sales increase of 15.1% in first two months of 2018

Shanghai (Gasgoo)- GAC Group reported a year-on-year sales increase of 0.41% for February to 114,904 units. In the first two months of 2018, its sales amounted to 325,055 units, jumping 15.1% compared to a year ago. Output of GAC Group reached 115,420 units, down 9.49% over the previous year in February. However, it saw year-on-year output growth of 10.24% to 301,858 units during January and February.

As to the sub-brands, February sales of GAC Motor totaled 33,905 units, up 3.36% compared to 32,802 units a year earlier. During the first two months of 2018, GAC Motor posted a year-on-year sales growth of 20.31% to 95,136 units, completing 13.59% of its sales target for 2018. Sales of the GS4 and the GS8 continued to be the main growth drivers. Besides, a small SUV model, the GS3 and a mid-size SUV model, the GS7, as well as a MPV model, the GM8 and a compact sedan model, the GA4 also contributed a lot to GAC Motor's sales growth. In 2018, GAC Motor will release the new GS4, new GS5 and the GM6.

GAC Honda reported a solid 16.72% increase in sales, compared to 33,866 units in the same month last year, selling 39,528 units in February. In the first two months of 2018, GAC Honda reported a year-on-year sales growth of 29.89% to 111,977 units, completing 14.93% of its annual sales target totaled 750,000 units. In February, with deliveries of over 11,000 units, the Honda Accord was the best-selling model among all models of GAC Honda. The Honda Avancier boasted the fastest year-on-year sales growth among all of GAC Honda's models to around 67.7%. In the wake of the launch of new models, GAC Honda is expected to have a good sales performance in the following months.

GAC Toyota suffered a year-on-year sales slump of 13.15% to 22,602 units in February, compared to 26,024 units a year earlier. It also saw a slight year-on-year sales drop of 4.49% to 68,193 units during the first two months in 2018, completing 13.64% of its annual sales target of 500,000 units. It is said that GAC Toyota will release the small-size Toyota C-HR, mid-size SUV, the new Toyota Highlander, an all-new compact pure electric SUV and a compact PHEV, the Toyota Levin in 2018.

Retaining the robust growth momentum from January, GAC Mitsubishi sold 10,006 vehicles in February, surging 42.9% on an annual basis. Strikingly, it is the sixth consecutive month for GAC Mitsubishi to deliver more than 10,000 units. What's more, deliveries of GAC Mitsubishi reached 25,688 units in January and February, soaring 71.24% compared with same month last year. Sales of the Mitsubishi Outlander became the major sales contributor to the sales growth of GAC Mitsubishi. In 2018, GAC Mitsubishi will release an all-new SUV, the Mitsubishi Eclipse Cross, the Mitsubishi Outlander PHEV, the new Mitsubishi Outlander and the new Mitsubishi ASX.