SAIC Motor posts 22.95% YoY drop in Jul. wholesales

Shanghai (Gasgoo)- SAIC Motor's new vehicle wholesales reached 352,546 units in July 2021, shrinking 22.95% from the previous year, while rising 7.3% compared to June, the company announced on August 6.

The automaker said the month-on-month growth reflected the positive affect of SAIC’s efforts to cope with the industry-wide chip shortage.

For the first seven months, the Shanghai-based auto giant sold a total of 2,649,831 vehicles, representing a 5.71% year-on-year growth.

Photo credit: SAIC Motor

In terms of July wholesales, the top 3 subsidiaries were still SAIC-GM-Wuling (SGMW), SAIC-GM, and SAIC Volkswagen, and they all logged double-digit year-on-year decrease.

In July, SAIC Motor saw its new energy vehicle (NEV) wholesale volume surge 138.1% over a year ago to around 48,000 units. To be specific, three brands of SAIC Motor PV, namely, Roewe, MG, and R Auto, sold over 13,000 NEVs in total, representing a 219.4% year-on-year hike. The total wholesales of the NEVs under Wuling and Baojun brands zoomed up 135.2% to more than 27,000 units. SAIC Volkswagen recorded an 80.4% rise in NEV sales, which reached nearly 4,000 units.

In overseas markets, SAIC Motor's car wholesales doubled to around 51,000 units in July, over 26,000 units of which were from MG brand, a 80.1% year-over-year surge. The year-to-date overseas sales leapt 101.1% to 309,000 units.