GAC Group gains growth in May thanks to GAC Toyota’s sales hike

Shanghai (Gasgoo)- GAC Group's auto sales stood at 165,622 units in May, rising 4.07% compared with the same period last year, said the automaker. Although the growth in year-to-date sales still remained negative, it was 6.2 percentage points fewer than the drop in Jan.-Apr. one.

The PV and CV sectors posted 4.05% and 25.54% year-on-year increase in May sales. Of the 165,391 PVs sold last month, there were 78,522 cars (-6.79%), 8,167 MPVs (-6.21%) and 78,702 SUVs (19.23%). CV sales jumped 25.54% over a year ago to 231 units.

(Wildlander, photo source: GAC Toyota)

GAC Group's upturn in May sales should be mainly attributable to the blooming growth offered by GAC Toyota. The Sino-Japanese joint venture saw its wholesales leap 33.4% year over year to 67,500 units, which made the decline in its year-to-date sales narrowed to only 0.79%.

GAC Toyota announced its retail sales in May surged 32.1% from the previous year to 68,518 units. There were 48,532 consumers taking delivery of the TNGA-based models, representing a significant growth of 122% from the prior-year period, which included 15,513 Camry cars, 20,629 Levin cars (+81%) and 7,588 Wildlander SUVs, the sibling of the Toyota RAV4 that just hit the market in late February.

(Breeze, photo source: GAC Honda)

With 60,724 units sold, GAC Honda encountered an 8.47% decrease in May wholeasales and its deliveries amounted to 69,293 units, growing 17.12% over the previous month. It has three models—the tenth-generation Accord, the Breeze and the Vezel—whose respective volume exceeded 10,000 units.

GAC Group's new energy PV (NEPV) sales in May shot up 133% to 6,556 units. Among 4,100 NEPVs sold by GAC NE, 3,892 units were the Aion S BEVs.