Changan Automobile reports 35.2% YoY decrease in Jan.-Feb sales

Shanghai (Gasgoo)- Chongqing Changan Automobile Co., Ltd (Changan Automobile) announced a year-on-year sales decrease of 35.2% in its Jan.-Feb. sales for 2019. Meanwhile, its Feb. sales substantially dropped 27.6% over the previous year to 110,470 units.

According to the sales data released by the automaker's official WeChat account, the sales of Changan's China-owned models totaled 94,068 units in February. As to SUV performance, the respective sales of the CS75, the CS55 and the CS35 were 11,297 units, 10,476 units and 10,353 units. The sales of the EADO sedan series totaled 9,121 units. Besides, the automaker saw its NEV sales in February skyrocket 289.7% year on year to 2,038 units.

Changan Ford's sales plunge was still the major reason that led to the group's overall negative growth. Last month, the Sino-U.S. joint venture suffered a year-on-year plunge of 81.4% with only 6,799 vehicles sold. In addition, the subsidiary's cumulative sales in 2019 amounted to 21,535 units, accounting for only 25.26% of the sales for the same period a year ago.

To revive the sales performance, Changan Automobile plans to roll out several new models in 2019, including the CS85, the CS95, the CS15, the EADO ET and the all-new CS75, etc. The CS85, positioned as the automaker's first Coupe SUV, hit the market on March 6 with its prices ranging between RMB136,900 and RMB169,900. Besides, the CS95 will reportedly go on sale in the second quarter of the year.