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

Monika From Gasgoo| June 10 , 2020 11:17 BJT

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.

GAC Group May sales, GAC Toyota May deliveries, China automotive news

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.

GAC Group May sales, GAC Toyota May deliveries, China automotive news

(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.

GAC Group May sales, GAC Toyota May deliveries, China automotive news

(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.

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