GAC Group’s Oct. wholesales drop 8.11% YoY

Shanghai (Gasgoo)- In October 2021, GAC Group saw its monthly outputs and wholesales fall 4.48% and 8.11% year on year respectively to 192,589 and 192,854 units, the automaker announced on Monday. However, its year-to-date production and wholesale volumes still rose 2.8% and 4.3%.

Besides, GAC Group said its new vehicle retail sales amounted to around 1.729 million units for the first ten months, growing 7.8% from the previous year.

AION S

Among subsidiaries, GAC AION obtained the biggest growth in Oct. wholesales. Its retail sales also surged 112% over a year ago to 13,189 units last month. Notably, the group's NEV subsidiary received over 23,000 orders in Oct. alone.

EMPOW; photo credit: GAC Motor

GAC Motor, the self-owned PV subsidiary of GAC Group, also attained a two-digit growth in Oct. wholesale volume. The combined sales of the Trumpchi M8 and M6 amounted to 11,955 last month, representing a 30.8% robust increase year-over-year. The company also sold over 10,000 EMPOW sedans during the same period.

Both GAC Honda and GAC Toyota posted double-digit decline in Oct. wholesales due to the chip supply constraint, while the situation took a favorable turn as both of them achieved evident growth compared to September.     

There were seven models within GAC Group recording Oct. wholesales topping 10,000 units, namely, the Camry series (26,121 units), the Accord series (22,201 units), the Breeze series (16,861 units), the Vezel (13,676 units), the Highlander (13,065 units), the Fit (10,797 units), and the EMPOW (10,021 units).