GAC Group posts 3.25% year-on-year drop in Jan.-May sales for 2019

Shanghai (Gasgoo)- Guangzhou Automobile Group Co., Ltd. (GAC Group) announced on June 6 that it May sales edged down 3.59% from a year ago to 159,138 units, which made its cumulative sales so far this year total 810,590 units with a year-on-year drop of 3.25%.

Two Sino-Japanese joint ventures—GAC Honda and GAC Toyota—sold a total of 115,815 units last month, accounting for 72.78% of the automaker’s monthly sales. Both of them achieved positive sales growth in May.

GAC Honda witnessed its May sales jumped 25.08% over a year earlier to 65,215 units. The sales of the tenth-generation Accord soared 149.4% from the year-ago period to 18,264 units, among which 3,731 units were from its hybrid model, a splendid growth of 227.9%. In addition, the May sales of the Odyssey amounted to 4,552 units, up by 25.1% year on year. Of that, the sales of the Odyssey hybrid reached 1,977 units.

Although GAC Toyota only gained a slight growth of 1.02% in May sales, its Jan.-May. sales substantially climbed 25.12%.

GAC Motor, GAC FCA and GAC Mitsubishi were all faced with negative sales growth in May. GAC Motor posted a double-digit decrease of 27.01%, while compared with its April performance, the group's self-owned carmaker attained a growth of 4.18%. In the second half of the year, GAC Motor is ready to launch a number of new models including the Trumpchi GS8 mid-cycle refresh, the all-new Trumpchi GA6 and the new Trumpchi GA4, expecting to further boost sales performance.