SAIC Motor August sales up by 0.3%, SAIC-GM, SAIC-GM-Wuling face YoY drop

Shanghai (Gasgoo)- SAIC Motor reported a slight year-on-year growth of 0.3% in August sales with 528,438 vehicles delivered. For the first eight months, the automaker delivered 4,532,032 vehicles in total, a year-on-year increase of 9.1%.

The top 3 subsidiaries by August sales were SAIC-GM, SAIC Volkswagen and SAIC-GM-Wuling. Although the sales of both SAIC-GM and SAIC-GM-Wuling presented year-on-year drop in August sales, they achieved positive growth in terms of Jan-Aug sales thanks to the good performances made in previous months.

SAIC-CP was the fast-growing subsidiary in light of year-to-date sales growth, followed by SAIC Hongyan and SAIC Motor PV. 

SAIC Motor PV saw its August sales jump 23% over the year-ago period to 50,006 units. Besides, the company boasted a year-on-year surge of 46.8% in Jan-Aug sales with 457,123 vehicles sold despite of somewhat fluctuant performances so far this year. The sales of the Roewe RX Series, the MG 6 and the Roewe ERX5 continued the upward momentum last month. The total NEV sales of the Roewe and the MG brands skyrocketed 260% year on year to 11,326 in August, exceeding 10,000 units for four consecutive months.

As to JV performances, SAIC Volkswagen’s sales edged up 2.7% from a year ago to 156,000 units in August and climbed 6% to 1,328,649 units for the first eight months. The hottest-selling sedan model should be the Lavida, whose cumulative sales have already topped 240,000 units for the first half of the year. The Jan-June sales of the Tiguan reached 147,941 units, the champion by the JV-made SUV sales.

SAIC-GM’s August sales slid 3.8% over the previous year to 158,616 units, showing up year-on-year downturn for three consecutive months. However, as to the cumulative sales growth, the joint venture still did a better job than SAIC Volkswagen and SAIC-GM-Wuling.

Affected by the overall economic climate and the competition from the internal products, SAIC-GM-Wuling suffered a year-on-year decline of 5.8% with its August sales totaling 145,515 units, trailing SAIC Volkswagen with a relatively small sales gap.