SAIC Motor posts YoY decline of 8.2% in September sales

Shanghai (Gasgoo)- SAIC Motor reported a year-on-year (YoY) drop of 8.2% in sales with 610,734 vehicles delivered in September. For the first nine months, the automaker delivered 5,146,556 vehicles in total, a year-on-year increase of 6.7%.

The top 3 subsidiaries by September sales were SAIC Volkswagen, SAIC-GM and SAIC-GM-Wuling. The sales of all three subsidiaries were less than that of the same month a year ago. However, this was not a unique phenomenon for the top 3, in fact, except SAIC Motor PV and SAIC-CP, the other subsidiaries' sales in September all came across YoY decline.

SAIC Volkswagen saw its sales evidently fall 14.0% over the year-ago period to 188,000. However, it still achieved a YoY increase of 3.0% in terms of year-to-date (YTD) sales thanks to the strong performance in the previous months. Relevant data showed that the Lavida sedan became one of the most popular sedan models among consumers with its Jan-June sales exceeding 240,000 units. Besides, the Tiguan, with 147,941 units sold from January to June, took the sales championship in the joint venture-made SUV sector.

SAIC-GM's deliveries shrank 2.2% from a year earlier in September, while climbed 5.3% YoY for the first nine months. The sales of Buick brand reached 102,331 units, 13.3% higher than that of the previous month.

Influenced by the overall economic climate and the internal competition among part of models, SAIC-GM-Wuling got slower pace in delivering cars. Last month, it sold 171,562 vehicles with a YoY drop of 10%. As to the performance for the first three quarters, the company only gained a slight YoY growth of 1%.

Thanks to the popularity of the Roewe and the MG, SAIC Motor PV's monthly sales kept rising with 52,006 units handed over in September despite the overall decline trend. The deliveries of the MG-branded cars soared 64% over a year ago to 20,205 last month and aggregated nearly 180,000 units for the first nine months.