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SAIC Motor faces 25.92% YoY drop in June auto sales

Gabriella From Gasgoo| July 08 , 2024 16:57 BJT

Beijing (Gasgoo)- In June, SAIC Motor sold a total of 300,545 vehicles, marking a year-on-year drop of 25.92%. Of the vehicles sold in the past month, 93,422 units were new energy vehicles (NEVs), up 8.8% from a year ago, according to the company’s report.

SAIC Motor faces 25.92% YoY drop in June auto sales

In June 2024, SAIC Motor’s sales overseas amounted to 81,223 vehicles (including export volume and sales created by its overseas bases), which dipped 14.47% from that of the previous year.

In the first half of this year, SAIC Motor’s cumulative sales came in at 1,826,954 vehicles, indicating a 11.81% decrease year-on-year.

SAIC Motor faces 25.92% YoY drop in June auto sales

Among SAIC Motor’s sub-brands, IM Motors, the premium electric vehicle brand co-owned with Alibaba Group and Zhangjiang High-Tech, sold 5,200 vehicles, representing a 159.09% year-on-year soar.

SAIC Motor faces 25.92% YoY drop in June auto sales

IM L6; photo credit: IM Motors

In the past month, SAIC-GM again posted the steepest year-on-year decline after May, with sales tumbling 72.02% to 26,021 units. Meanwhile, SAIC-GM-Wuling saw its monthly sales notch down 4.46% from a year ago to 107,000 units in June. SAIC MOTOR Passenger Vehicle Company and SAIC Maxus saw a respective 24.62% and 19.06% year-on-year decrease in June sales, which stood at 54,576 and 15,020 vehicles.

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