GAC Group Jan-Oct sales up by 6.99% year on year

Shanghai (Gasgoo)- GAC Group announced that its sales in October reached 181,601 units with an apparent year-on-year (YoY) growth of 13.24% and the Jan-Oct sales climbed 6.99% from a year ago to 1,757,068 units.

GAC Motor attained a YoY growth of 1.58% with its Oct. sales reaching 46,168 units. By the end of October, the automaker has fulfilled 62.97% of the 700,000-unit annual sales target with a total of 440,760 vehicles sold so far this year.

The all-new Trumpchi GS5 compact SUV, officially hitting the market on October 31, will supplement the group's deployment in SUV market. Besides, the Trumpchi GM6 MPV will go on sale at the end of the year, which is expected to further boost the sales.

GAC Honda's year-to-date (YTD) sales rose 9.42% from the year-ago period to 68,867 units with 79.46% of the 750,000-unit sales goal completed already. According to the sales data from Honda China, the Accord, the Fit and the Vezel were rather popular among consumers with their sales reaching 18,562 units, 11,962 units and 12,548 units respectively in October. Especially, the sales of Accord and the Fit achieved YoY growth up to 34.4% and 29.3%.

It is reported that GAC Honda will showcase several EV and PHEV models at the upcoming Auto Guangzhou 2018, including the Crider hybrid and Odyssey hybrid, etc.

GAC Toyota saw its Oct. sales soar 67.11% from a year earlier to 55,508 units. A total of 477,362 vehicles were sold from January to October, with 82.30% of the 580,000-unit sales target finished. The eight-generation Camry had an Oct. sales volume of around 14,400 units, somewhat less than that of the previous month. The Oct. sales of the Levin and its hybrid version aggregated 17,700 units with a YoY increase of 15.9%. Besides, the sales of the C-HR SUV and the Highlander reached 4,845 units and 9,935 units respectively last month.

GAC Mitsubishi suffered a YoY drop of 4.6% with its sales amounting to 10,506 units in October, the 14th month in a row in which the monthly sales exceeded 10,000 units. The Jan-Oct sales of the hotter-selling Outlander surged 35.1% YoY to 89,744 units.

GAC Mitsubishi's R&D center and auto parts industrial park in Changsha started construction in the middle of October, which will substantially improve the car annual capacity and introduce a number of auto parts supporting suppliers for the automaker.