GAC Group posts 5.8% YoY growth in September sales

Shanghai (Gasgoo)- GAC Group posted a year-on-year (YoY) growth of 5.84% in sales with 198,034 vehicles delivered in September, the automaker reported recently. From January to September, the group delivered 1,558,105 vehicles in total, achieving a YoY increase of 6.24%. 

After compiled the sales data of each subsidiaries, Gasgoo found out that apart from GAC Honda and GAC Toyota, the other subsidiaries all suffered YoY decline in September sales. However, as to year-to-date (YTD) sales, most firms attained positive growth except GAC FCA and Honda Automobile (China) Co.,Ltd. 

GAC Motor saw its sales fall 6.0% from a year earlier to 43,427 units last month, while climbed 4.88% over a year ago to 394,592 units for the first nine months. By the end of September, the company has completed 56.4% of the 700,000-unit sales goal. The all-new Trumpchi GS5 made its world's debut at Paris Motor Show 2018, which drew lots of attention with its catchy design and advanced powertrain. 

GAC Honda gained a YoY increase of 3.8% with 69,660 vehicles handed over in September. During the past three quarters, 69.4% of the annual sale target (750,000 units) has been finished with its cumulative sales totaling 520,627 units. According to the sales data from Honda China, the Accord, the Odyssey and the Fit had sales of 16,369 units, 5,165 units and 13,560 units for September with positive YoY growth of 25.2%, 59.4% and 51.9% respectively.

GAC Toyota's deliveries in September soared 48.4% over the year-ago period to 60,808 units. It sales from January to September aggregated 421,854 units with a YoY jump of 24.44%, a comparatively outstanding performance over other subsidiaries. It is reported that GAC Toyota's third assembly line was put into operation early this year with the overall yearly capacity elevated to 500,000 units from 400,000 units, thus its annual sales target was increased to 580,000 units in March. From the current sales performance, the Sino-Japanese joint venture has completed 72.7% of the updated sales goal.