SAIC Motor scores YoY sales growth for six straight months

Shanghai (Gasgoo)- SAIC Motor recorded a 10.65% year-on-year increase last month with 643,928 new vehicles sold. As of Nov., the China’s biggest automakers had posted growth for six consecutive months.

Thanks to the continuous rise, the decrease in year-to-date sales contracted to 12.39%, versus the 15.09% drop in Jan.-Oct. volume.

Among SAIC's subsidiaries, SAIC-GM-Wuling (SGMW) was ranked No.1 by monthly sales for the fourth month in a row, and achieved both year-on-year and month-on-month growth for eight straight months.

According to the subsidiary, its Wuling brand scored a 42% hike over a year ago with 142,421 vehicles sold last month, while the sales of New Baojun climbed 6% to 15,430 units.

Wuling Victory; photo credit: SGMW

Notably, the cumulative sales of the Wuling Victory four-seater MPV, the first flagship model bearing Wuling's global silver badge, amounted to 12,695 units by the end of November. SGMW said the order number of the new MPV model has to-date surpassed 30,000 units.

SAIC-GM outsold SAIC Volkswagen for the third time this year. According to the joint venture, the wholesale volume of Buick soared 54.6% year on year to 110,298 units, showing upward movement for eight consecutive months.

ID.4; photo credit: SAIC Volkswagen

Among the subsidiary with sales volume topping 100,000 units, SAIC-Volkswagen (SAIC VW) was the only one that faced decrease, while still attained a 4.26% increase compared to the previous month.

On October 27, the ID.4 X, ID. family's first model mass-produced by SAIC VW, rolled off the production line at the joint venture's EV-focused plant in Anting, Shanghai, signifying that Volkswagen Group's first factory dedicated to producing e-cars based on MEB (modular electric drive matrix) platform formally starts production.

Hongguang MINI EV; photo credit: SGMW

SAIC Motor announced its new energy vehicle (NEV) sales skyrocketed 224.6% from the year-ago period to over 57,000 units in November. The retail sales of the Wuling Hongguang MINI EV, a micro EV model launched by SGMW, hit a new high of 33,094 units.

For the first eleven months of the year, the auto giant sold roughly 250,000 NEVs, which were 63.2% more than the prior-year level.