Dongfeng Motor Group posts 3.47% YoY decline in Jan-Sept sales

Shanghai (Gasgoo)- Dongfeng Motor Group Company Limited (Dongfeng Motor Group) reported a year-on-year (YoY) drop of 14.65% in sales with 271,134 vehicles delivered in September. For the first three quarters, the group's year-to-date (YTD) sales fell 3.47% from a year ago to 2,194,320 units.

The PV sector saw its sales decline 14.64% YoY last month to 237,807 units. The segments of the car, the SUV and MPV all came across negative performance over a year ago. For the first nine months, a total of 1,869,816 PVs were handed over with a YoY drop of 3.75%. Among that, the YTD sales of the SUV and the MPV segments were both outperformed by that of the year-ago period. However, the car segment still achieved a positive YoY growth of 1.68% despite the overall downturn. 

Dongfeng Motor Company Limited (DFL) gained a YoY increase of 8.09% with 1,084,898 units handed over from January to September. Apart from Dongfeng Infiniti, the other units under DFL all achieved positive YoY growth in YTD sales. Although Dongfeng Venucia's sales in September slumped 31.09% from the previous year, its Jan-to-Sept sales still represented a YoY growth of 3.42% thanks to the favorable performances in the previous months. Besides, Zhengzhou Nissan had double-digit YoY growth in both September sales and YTD sales. 

Three major joint ventures, namely, Dongfeng Honda, Dongfeng Renault and Dongfeng Peugeot Citroen Automobile (DPCA), all suffered YoY decline in terms of cumulative sales this year. Dongfeng Honda's sales in September climbed 4.52% from a year earlier. According to the sales data from Honda China, the sales of Civic soared 45.2% YoY last month to 23,277 units and the sales of the XR-V exceeded 16,000 units, hitting a new high in monthly sales. However, two Sino-French joint ventures, Dongfen Renault and DPCA saw their September sales plunge up to 61.44% and 56.23% from the previous year.