GAC Group Jan. sales edge down 0.21% YoY, while GAC Toyota gains growth of 74.82%

Shanghai (Gasgoo)- GAC Group reported that its sales in January edge down 0.21% from the previous year to 209,709 units. It is noteworthy that the joint venture GAC Toyota enjoyed a year-on-year (YoY) surge of 74.82% in the first month of 2019, which is in sharp contrast with GAC Motor’s plunge of 44.64%.

GAC Motor sold 33,896 vehicles with a YoY plunge of 44.64%, completing 5.65% of its 600,000-unit sales target. The group's self-owned PV subsidiary is going to roll out the GM6 MPV, the change-over of the GA6, the mid-cycle refresh of the GS8 as well as the Aion S all-electric sedan in 2019.

GAC Honda saw its Jan. sales edge up 1.61% to 73,617 units. Last year, the joint venture's sales totaled 741,377 units with a YoY increase of 5.16%, completing 98.85% of its sales goal.

Its sales mainstay, the Accord, with 23,649 units delivered last month, had a YoY growth of 24.9%. Besides, the sales of the Crider and the Fit shot up 46% and 44.1% respectively to 14,688 units and 11,545 units.

GAC Toyota won a favorable outset for 2019. With 79,700 vehicles delivered, it boasted a remarkable leap of 74.82%. The sales volume of the eighth-generation Camry hit a new high of 19,720 units, soaring 70% over the year-ago period, among which 21% of sales came from the hybrid flagship model. The sales of the Levin skyrocketed 90% from a year earlier to 26,681 units. In addition, the Highlander and the C-HR had respective sales of 10,481 units and 7,786 units.

GAC Mitsubishi came across an evident drop of 22.84% with 12,101 units sold in January, the 17th month in a row achieving YoY positive growth. Of that, over 60% of sales were created by the Outlander, with 7,780 units delivered.