Changan Automobile July sales plunge 20.3% YoY

Shanghai (Gasgoo)- Chongqing Changan Automobile Co.,Ltd (Changan Automobile) delivered 128,729 vehicles in July, suffering an evident year-on-year drop of 20.3% and a month-on-month slump of 31.6%. For the first seven months, the automaker saw its year-to-date sales fall 16.0% to 1,336,110 units, according to the data released by Changan Automobile.  

Changan Automobile's self-owned brand posted a sharp month-on-month decline of 35.2% with 89,596 vehicles handed over in July. The monthly sales of Changan-branded PVs were 54,571 units, shrinking 15.5% over the previous year and plunging 28.8% over the previous month. By the end July, the automaker's self-owned brand faced a year-on-year decrease of 16% with its cumulative sales totaling 1,336,110 units.

As to SUV models, the July sales of the CS55, the CS75 and the CS35 reached 7,732 units, 6,489 units and 8,622 units respectively, all presenting apparent reduction compared with the previous month. The sales of the EADO series skyrocketed 102.6% over the year-ago period to 10,093 last month, while the sales of the other sedan model Ruicheng CC only reached 1,359 units during the same period.

With respect to joint ventures' performance, Changan Ford witnessed its July sales tumble 49.3% to 23,934 units. For the first seven months, the Sino-U.S. joint venture suffered a sharp year-on-year drop of 40.1% with 251,636 vehicles delivered in total. Changan Ford plans to roll out such new models as the all-new Focus, the new Escort, the Mondeo Energi PHEV, aiming to put the sales back on track.

Besides, the sales of Changan Mazda reached 9,779 units in July, sliding 25.4% from a year earlier, and 100,016 units from January through July, edging down 3.9% over a year ago. Jiangling Motors Holding suffered a month-on-month slump of 59.3% in July with its sales only reaching 17,788 units.

In addition, the automakers' EV sales in July failed to maintain the previous rising momentum, while plummeted 49.3% year on year to 4,508 units. From January to July, the automaker's EV sales aggregated 35,682 units.