GAC Group gains YoY, MoM growth in May 2022 sales

Shanghai (Gasgoo)- GAC Group, one of major Chinese automobile groups, scored both year-on-year and month-on-month growth in vehicle sales for the month of May 2022.

The Guangzhou-based auto giant announced on Monday its auto sales came at 183,061 units in May 2022, climbing 3.54% from the year-ago period, while also surging 47.27% from the previous month.

In terms of May sales, GAC Toyota topped other subsidiaries, and it also achieved a double-digit growth from a year earlier. However, a year-on-year decrease confronted the other two Sino-Japanese joint ventures—GAC Honda and GAC Mitsubish.

For the first five months, GAC Group saw its cumulative sales rose 6.4% year on year to 915,532 units. Except GAC Honda, GAC FCA, and GAC Mitsubishi, other subsidiaries all gained a year-on-year increase in their year-to-date sales.

Notably, GAC AION was the fastest-growing one regarding both May sales and Jan.-May sales.

GAC Group said its year-to-date new energy vehicle (“NEV”) sales reached 86,596 units (+107.48% YoY), 22,411 units of which were sold last month to reflect a 118.13% year-on-year hike.

Camry; photo credit: GAC Toyota

As for the monthly performance of main vehicle models, there were five models recording a sales volume of over 10,000 units in May individually, including one whose sales exceeded 20,000 units.

To be specific, the top five models were the Camry series (22,426 units), the Wildlander series (13,211 units), the Levin series (12,921 units), the Accord series (11,707 units), and the AION S (10,503 units).