SAIC Motor says Aug. sales drop 10.08% year on year

Shanghai (Gasgoo)- SAIC Motor saw its monthly auto sales fall 10.08% year on year to 453,408 units in August, the company announced on Monday. The sales for the Jan.-Aug. period amounted to 3,103,239 units, ticking up 3.07% from the previous year.

With 130,057 vehicles sold, SAIC-GM-Wuling (SGMW) outsold the other subsidiaries last month, while facing a 12.12% year-on-year decrease. Both SAIC Volkswagen and SAIC-GM posted double-digit decline in August sales.

SAIC Motor said its new energy vehicle (NEV) sales soared 171.2% from a year earlier to around 710,000 units, the highest-ever monthly sales achieved by a Chinese automaker.

R Auto ER6; photo credit: R Auto

To be specific, SAIC Motor PV, the group's self-owned PV subsidiary, saw its NEV sales of Roewe, MG, and R Auto brands rocket 390% year on year to over 17,000 units last month. NEV sales at SGMW exceeded 44,000 units, shooting up 140.5%. The Sino-German joint venture SAIC-Volkswagen sold nearly 5,000 NEVs, a 168.3% year-on-year upward movement.

In August, SAIC Motor's overseas business soared 138.2% to 61,000 units. Notably, MG sold around 33,000 new cars outside China, representing a 104.1% growth from a year ago. The overseas sales of Maxus-branded vehicles reached nearly 6,000 units, leaping 125.8%.

For the first eight months of 2021, SAIC Motor's overseas auto sales doubled year on year to more than 370,000 units.