Changan Automobile posts YoY drop for six straight months

Shanghai (Gasgoo)- Chongqing Changan Automobile Co.,Ltd (Changan Automobile) said that its Oct. sales plunged 35.2% over a year ago to 170,575 units, the sixth straight month facing year-on-year (YoY) drop. For the first ten months, the automaker delivered 1,818,191 vehicles in total, a relatively steep YoY decline of 21.7%. 

The sales of Changan Automobile's self-owned brand exceeded 1.2 million units during the first 10 months among which over 800 thousand units were passenger vehicles.

In October, the sales of the CS55 and the CS75 SUV amounted to 17,034 units and 14,980 units, climbing up 15.5% and 8.2% compared with the previous month. Besides, the sales of the CS35 SUV reached 8,191 units, 593 units less than that of a month ago. From January to October, the respective year-to-date (YTD) sales for the three major SUV drivers—the CS55, the CS75 and the CS35 were 140,878 units, 120,644 units and 104,363 units.

Meanwhile, the sales of the EADO sedan amounted to 13,530 units in October, skyrocketing 134.7% from the year-ago period, and totaled 111,157 units through October.

The all-new CS35 PLUS, hitting the market on October 30, is quite attractive to young consumers by featuring Tencent's intelligent-connected in-car system that builds a social network platform to entertain users in their driving journey. The automaker will reportedly showcase the CS85 SUV, the all-new CS15 and the EADO ET at the forthcoming Auto Guangzhou 2018. 

As to the performance of joint ventures, Changan Ford had a sales volume of 26,938 units in October, tumbling 67.3% over the year-ago period and sliding 18.4% over the previous month. In addition, its Jan-Oct sales were nearly halved compared with the same period a year ago.

Changan Mazda posted a YoY decrease of 18.1% with its Oct. sales reaching 15,155 units. By the end of October, a total of 143,649 vehicles were delivered for the Sino-Japanese automaker, a YoY decline of 7.3%.

Moreover, the company's NEV sales reached 7,554 units last month, basically the same as that of the previous month, and aggregated 56,043 units for the first ten months.