GAC Group’s full-year sales edge down 0.89% in 2020

Shanghai (Gasgoo)- Both production outputs and sales of GAC Group exceeded 2 million units in 2020. According to the company’s announcement, the Guangzhou-based automaker saw its 2020 sales edge down 0.89% year on year to 2,043,756 units, while its outputs inched up 0.54% to 2,034,834 units.

Among the vehicles sold last year, 2,040,313 units were PVs, sliding 0.88% compared to 2019. The decrease should be entirely attributable to the decline in car sales. With 979,099 units sold, the car unit posted an 11.69% drop, while MPV and SUV sales rose 12.12% and 11.69% respectively to 115,751 units and 945,463 units.

Trumpchi GS4; photo credit: GAC Motor

In December, GAC Group sold 209,059 vehicles, up by 12.37% over the previous year. The automaker was achieving double-digit growth in monthly wholesales through the second-half of 2020.

Last month, GAC Group's retail sales also jumped 18.8% year on year to 234,000 units.

Among subsidiaries, both GAC Honda and GAC Toyota scored growth in full-year wholesales. In terms of Dec. sales performance, the two Sino-Japanese joint venture all posted double-digit increase.

Accord; photo credit: GAC Honda

Last year, a total of 808,938 consumers took delivery of GAC Honda's vehicles, a year-on-year growth of 5.7%. The joint venture's retail sales in Dec. stood at 98,037 units, surging 45.7% from the prior-year period.

GAC Motor, the group's self-owned PV subsidiary, recorded a 7.95% decrease in annual sales. Its monthly wholesales stood over 30,000 units between August and December.

The group sold a total of 76,662 new energy PVs (+34.8% YoY) through 2020, of which 60,915 units were from its self-owned brands.

Levin & Levin Hybrid; photo credit: GAC Group

GAC Group said it had eight models whose annual sales topped 100,000 units. The sales of the top 3 models—the Levin, the Accord and the Camry—reached 226,683 units, 210,574 units and 185,140 units respectively.