GAC Group boasts two-digit growth in both July outputs and sales

Shanghai (Gasgoo)- GAC Group produced 202,379 and sold 183,937 new vehicles last month, representing year-on-year jump of 21.63% and 16.38% respectively.

With 1,008,516 vehicles sold in total, the Guangzhou-based automaker posted a 12.88% decrease in Jan.-Jul. sales, 4.63% percentage points smaller than the drop in the sales for the first two quarters.

(Accord, photo source: Honda China)

GAC Honda still maintained a high speed growth rate in wholesales. The joint venture sold 71,741 vehicles in July, a robust year-on-year growth of 35.09%.

According to the data released by Honda, a total of 69,187 consumers in China took delivery of the vehicles developed by GAC Honda, representing a year-on-year jump of 24.5%.

There were four models of GAC Honda—the Accord, the Vezel, the Breeze and the Crider—whose July deliveries all exceeded 10,000 units. From the time being, the joint venture has put such models as the new Avancier, the Crider Hybrid and the new Acura CDX onto the market this year. It also kicked off the presale of the all-new Fit in early July, which is expected to hit the market in August. The roll-out of the all-new fit will help GAC Honda further complete its product lineup that places equal emphasis on both SUVs and sedans, so as to smooth away the problem of simplex product structure.

(Camry, photo source: GAC Honda)

GAC Toyota saw its July wholesales leap 20.26% to 74,561 units in July. For the first seven months, the Sino-Japanese joint venture logged a 5.95% year-on-year increase by selling 395,449 new vehicles.

GAC Motor, the group's self-owned PV subsidiary, sold 28,293 vehicles last month, which were 6.38% more than that of the prior-year volume. Its MPV sales skyrocketed 116% over the previous year.

GAC Group said its sales of new energy PVs shot up 46% year over year to 6,585 units, of which 5,076 units were sold by GAC NE, featuring a 49% surge compared to the previous year.

(Aion V, photo source: GAC NE)

GAC NE, the NEV arm of GAC Group, said on July 30 via its WeChat account that it has become China's first automaker that simultaneously agreed cooperation with two state-owned electric utility monopolies—State Grid and China Southern Power Grid (CSG)—on plug-and-play charging service and preferential policy of charging services.