GAC Group scores 11.64% year-on-year increase in Aug. sales

Shanghai (Gasgoo)- GAC Group announced that its Aug. vehicle sales volume reached 180,609 units, rising 11.64% over the previous year, while edging down 1.81% over the previous month.

Both PV and CV business units achieved double-digit sales growth in August. With 180,308 units sold, the PV arm boasted an 11.59% robust year-on-year growth thanks to the 19.08% and 33.48% jump in MPV and SUV sales. However, sedan sales still fell 5.35% to 83,100 units, which somewhat slowed the overall PV sales growth down.

CV sales in August shot up 55.96% from a year ago to 301 units, 300 units of which were trucks.

Regarding year-to-date performance, GAC Group has not seen increase yet. However, the 9.87% decrease in Jan.-Aug. sales was 3.01 percentage points fewer than the drop in Jan.-Jul. volume.

(Breeze, photo source: GAC Honda)

Among subsidiaries, GAC Honda recorded the highest sales volume. The joint venture's Aug. sales vigorously climbed 26.18% to 72,587 units, making its year-to-date sales aggregate 462,779 units (-9.55% YoY).

(Levin, photo source: GAC Toyota)

Within GAC Group, GAC Toyota was the only one that posted growth in both Aug. and Jan.-Aug. sales. The automaker reported that 70,247 consumers took delivery of its vehicles last month. The combined deliveries of three key SUV models—the Highlander, the Wildlander and the C-HR—amounted to 20,489 units, surging 57% over the year-ago period.

In contrast, the Sino-Japanese joint venture, GAC-Mitsubishi, had an Aug. sales volume more than halved from the previous year. Its year-to-date sales also plunged 53.27% to 39,681 units.

Among joint ventures, GAC FCA suffered the gloomiest performance with only 3,201 new vehicles sold in August.

(Trumpchi GS4, photo source: GAC Motor)

GAC Motor sustained a rising momentum with its Aug. sales climbing 8.64% year over year to 32,518 units. According to GAC Group, the sales of the Trumpchi GS4 series were 11,171 units.

GAC Group said its new energy PV sales shoot up 58.71% to 7,748 units in August, of which 6,245 were from GAC NE, a 64% surge compared to the same period in 2019.