Mazda Aug. China sales declines 27% YoY

Beijing (Gasgoo)- In August, Mazda Motor’s China retail sales fell 27.7% year on year to 12,528 vehicles, representing another drop of 7.1% compared to July.

the Mazda 3 Axela; photo credit: Mazda

With 8,790 vehicles sold, Changan Mazda accounted for roughly 70% of Mazda’s sales in China. At the same time, FAW-Mazda delivered a sales volume of 3,738 vehicles. 

By the end of August, Mazda’s year-to-date retail volume in China amounted to 122,890 vehicles. The cumulative sales of Changan Mazda were 82,686 vehicles, while FAW-Mazda’s sales were only half of the other joint venture’s volume, at 40,204 vehicles.

According to the CPCA, FAW-Mazda’s annual sales volume continues to drop, from 124,000 vehicles in 2017 to 80,000 vehicles in 2020. In addition, Mazda brand also started down a slippery slope, as the brand’s China sales peaked in 2017 at 300,000 vehicles and declined 30% to 210,000 vehicles in 2020.  

In August, Changan Mazda, a 50/50 joint venture between Chongqing Changan Automobile Co., Ltd. (Changan Auto) and Mazda Motor Corporation (Mazda Motor), will be restructured by introducing FAW Group as a new investor, signifying the final solution to the long-rumored combination of Mazda's two Chinese joint ventures.