GAC Group sees 8.3% MoM rise in October retail sales

Beijing (Gasgoo)- GAC Group reported its sales figures for October 2024, with total retail sales reaching 191,000 vehicles, representing an 8.3% increase month-over-month.

AION RT; photo credit: GAC AION

GAC Toyota saw monthly retail sales of 78,877 vehicles in October, which rose 11.8% month over month. Monthly sales of the Camry hit new high in the past month to 18,647 units. Meanwhile, October sales of the Highlander stood at 8,043 units, and the Sienna at 8,374 units.

GAC Group's other Japanese joint venture, GAC Honda, recorded sales of 42,371 vehicles in October, achieving a 20.6% month-on-month growth.

On the other hand, GAC AION, the group's new energy vehicle arm, sold 38,152 vehicles in October. In the same month, the Trumpchi brand sold 35,152 vehicles, with 15,968 units being MPVs.

GAC Group's monthly wholesales

Regarding the group's wholesale performance, it sold 185,785 vehicles in October this year, representing a 17.23% dip from a year ago. In the first ten months of this year, GAC Group's cumulative wholesale volume stood at 1,520,835 vehicles, which tumbled 24.66% year over year.

GAC Group's monthly wholesales

For the first ten months of 2024, GAC Group exported around 105,000 vehicles, marking an 86.3% year-on-year surge.