GAC Group sales up by 21.53% in October

Beijing (Gasgoo)- GAC Group sold 209,876 vehicles in October, representing a year-on-year increase of 21.53% while the group’s total sales in the first ten months reached 1,617,043 units, down by 3.79% year on year, 2.9 percentage points less than the decline of the first nine months. As of October, the group has achieved 76.27% of its annual sales target.

Two of the group’s three joint ventures with Japanese peers saw monthly sales growth last month, but only GAC Toyota managed to gain increase in terms of Jan.-Oct. sales. The group’s sales data showed that GAC Honda sold 87,626 vehicles in October, up by 31.9% compared with a year ago and its YTD sales in the first ten months this year dropped by 1.85% to 638,191 units. Monthly sales of several models from the joint venture have exceeded 10,000 units, including the Accord, and the fourth-generation Fit.

Honda Accord; Photo credit:Honda

GAC Toyota’s monthly sales increased 20% to 72,000 units with sales of the TNGA Family up to 54,359 units, up by 35% year on year. The joint venture with Toyota sold a total of 615,449 vehicles in the first ten months, up by 10.65% year on year. GAC Mitsubishi, the third joint venture with Japanese automakers, saw monthly sales decrease by 24.76% while its YTD sales nearly halved with 55,012 vehicles sold.

Trumpchi GS3 POWER; Photo credit: GAC Motor

In October, GAC Motor sold 37,801 vehicles with a year-on-year increase of 28.2%. Sales of GAC Trumpchi have increased for four consecutive months, with 30,629 vehicles sold last month. The monthly sales of the GS3 POWER, which hit market on the first day of October, reached nearly 5,000 units.  

GAC NE, the group’s new energy vehicle arm, sold 7,106 new energy vehicles in October while its cumulative sales in the first ten months jumped 72% to 45,797 units.