SAIC Motor boasts year-on-year sales jump of 14.8% in May

Shanghai (Gasgoo)- SAIC Motor delivered 574,430 vehicles in May, jumping 14.8% year on year. Over the first five months, its cumulative sales rose 11.6% from a year ago to 2,965,960 units.

The top 3 subsidiaries by May sales are SAIC Volkswagen, SAIC-GM-Wuling, and SAIC-GM with 492,329 units handed over in total, accounting for around 86% of the group's total monthly sales. Apart from Naveco and Sunwin Bus, the other subsidiaries all achieved year-on-year sales growth last month. Especially, SAIC-CP sported a year-on-year leap up to 111.5% to 2,155 units.

SAIC Motor PV delivered 58,607 vehicles in May, soaring 46.4% over the previous year, while edging down 6% month on month. What's more, the company's year-to-date sales reached 302,734 units, surging over 50% from a year ago and completing 42% of its 2018 sales target 720,000 units.

SAIC Volkswagen handed over 170,560 vehicles in May with a year-on-year growth of 12.1% and a month-on-month growth of 7%. By the end of May, the automaker saw its cumulative sales in 2018 reaching 843,628, climbing around 6% compared with the year-ago period. The all-new Lavida officially went on sale on May 25. Improved in design, size, configuration and safety, the new model is expected to further drive the company's sales.

SAIC-GM-Wuling witnessed a monthly sales volume of 166,632 units last month, up by 11% year on year. Compared with its April sales of 152,693 units, the company also achieved a month-on-month increase of 9%. For the first five months, the company's cumulative sales totaled 894,462 with a slight year-on-year growth.

The second runner-up SAIC-GM's sales reached 155,137 units in May, growing 9.8% from the year-ago period, yet around 16,000 units less than the April sales. It is noteworthy that from January to April, Chevrolet has achieved continuous year-on-year growth of over 20% in monthly sales, even up to 54.5% in April.