GAC Group sells 508,432 units with YoY growth of 11.21% in Q1

Shanghai (Gasgoo)- GAC Group produced 191,873 vehicles and delivered 183,377 vehicles in March, up 2.1% and 4.91% respectively from a year earlier, according to the output and sales data released by GAC Group. Additionally, the automaker manufactured 493,731 vehicles during the first three months with a YoY increase of 6.93%. Its cumulative sales reached 508,432 units in the first quarter, jumping 11.21% over the previous year. 

As to sales of specific subsidiaries, GAC Motor delivered 54,184 units in March, leaping 27.22% compared to 42,590 from a year earlier. It also saw YoY sales jump of 22.73% to 149,320 units in the first quarter, completing 21.33% of its annual sales target of 700,000 units.

This year, the mid-cycle refresh of the GS4 will hit the market in May. The all-new MPV model, the GM6 will make its debut at Auto China 2018. With these models, the prospects of continued growth in GAC Motor are excellent.

GAC Honda posted solid sales growth in March with sales reaching 56,487 units, down 2.72% compared to 58,064 units a year earlier. It reported YoY sales surge of 16.77% to 168,464 units in the first three months, completing 22.46% of its annual sales target of 750,000 units.

Among them, sales of the Honda Accord reached 19,506 units with a YoY sales surge of 50% in March. Deliveries of the Odyssey reached 3,606 units in March. By the end of the first quarter, its cumulative sales had exceeded 500,000 units.

In March, GAC Toyota delivered 42,965 units, increasing 6.59% compared to 40,309 units over previous year. During the first quarter, GAC Toyota delivered 111,158 units with a slight YoY drop of 0.49% over the previous year, completing 22.23% of its annual sales target of 500,000 units.

As to specific models, the all-new Camry's March sales reached 13,406 units, soaring 52.6% from a year earlier. Moreover, its cumulative sales reached 32,500 units in the first quarter. Sales of the Levin family reached 16,205 units with a YoY rise of 24.2% in March. Its Q1 sales surged 31.7% compared to the same period last year to 42,901 units. 

GAC Mitsubishi kept the February's sales growth in March with deliveries of 12,700 units, jumping 15.45% over the previous year. From January to March, it handed over 38,388 units with a YoY surge of 47.64%. Among its total models, GAC Mitsubishi's star compact SUV, the Outlander saw its Q1 sales of 28,166 units with a YoY sales growth of 55%, substantially boosting the sales growth of GAC Mitsubishi. It is said that GAC Mitsubishi's engine plant is expected to be put into operation in the second half of this year.