FAW Group says August vehicle sales jump 14% from a year ago

Shanghai (Gasgoo)- FAW Group, one of China's major state-owned automakers, said its vehicle production and sales volumes reached 303,079 units and 314,454 units in August, rising 8.8% and 14% respectively over a year earlier.

Its self-owned premium car brand Hongqi sold 21,020 vehicles last month, a remarkable year-on-year growth of 109.8%. 

As of August, Hongqi has gained year-over-year sales growth for the eighth month in a row so far this year.

For the first eight months, Hongqi's cumulative sales surpassed 108,500 units, surging 108% over the year-ago period and completing 54.25% of its 200,000-unit annual sales target. In spite of the incessant increase, the brand still needs to double its efforts to fulfill the goal over the remaining four months.

(Hongqi HS5, photo source: Hongqi)

The monthly sales of the HS5, Hongqi's first luxury medium-sized SUV model, topped 10,000 units for the first time in August.

(Hongqi H9, photo source: Hongqi)

As for the launch of new products, FAW Hongqi's H9 full-sized luxury sedan officially hit the market on August 23. With five trim levels offered at one go, the new car model is sold at a price range of 309,800 yuan ($45,320) to 539,800 yuan ($78,965).

Moreover, the new Hongqi HS7 full-sized SUV went on sale at the end of August. Offered in seven variants in total, the vehicle model is priced at a range of 275,800 yuan ($40,345) to 459,800 yuan ($67,260).

FAW-Volkswagen still outsold other subsidiaries. Last month, it sold 193,106 vehicles, posting a 7.8% increase compared to the same period a year ago.

(Tayron X, photo source: FAW-Volkswagen)

The Sino-German joint venture put the Tayron X coupe SUV onto the market in July, which drew a lot of public attention with its stylish look.