Changan Automobile posts 5.2% drop in Aug. sales without Jiangling Motors Holding

Shanghai (Gasgoo)- Chongqing Changan Automobile Co., Ltd (Changan Automobile) posted a year-on-year decline of 5.2% in July sales, according to the automaker's latest announcement.

Four subsidiaries, namely, Hebei Changan, Hefei Changan, Changan Ford and Changan Mazda, all posted double-digit downturn in August sales, while their decrease were significantly counteracted by a 35.6% year-on-year jump in Chongqing Changan's sales.

Changan Ford hasn't got its sales back on a positive track yet. Compared with a 24.5% decline in July sales, it faced a widened decrease last month.

For the first eight months of 2019, Changan Automobile saw its sales plunge 25.5% over a year earlier with none of subsidiaries achieving growth.

From August on, Jiangling Motors Holding would no longer be included in the sales report due to its completion of equity change, said Changan Automobile.

In August, the sales volume of Changan's self-owned vehicles amounted to 92,075 units, rising 11.7% month on month and climbing 6.2% year on year, according to a post on the automaker's WeChat account.

Of that, sales volume of the CS75 SUV series surged 54.6% from the year-ago period to 12,075 units.

(Photo source: Changan Automobile)

At the Chengdu Motor Show 2019, the CS75 PLUS hit the market with prices of its six trim levels ranging from RMB106,900 to RMB154,900.

(Photo source: Changan Automobile)

Moreover, August sales of the CS35 and CS55 Series were 8,621 units (+150.6% YoY) and 7,190 units respectively.

A total of 10,754 EADO cars were sold in August, an evident year-on-year growth of 16.6%.