Industry dynamics

Great Wall Motor suffers YoY sales skid of 21.33% to 54,334 units in July

Publishtime:2019/08/16 Views:36

Great Wall Motor suffers YoY sales skid of 21.33% to 54,334 units in July

Shanghai (ZXZC)- Great Wall Motor (GWM) delivered 54,334 vehicles in July, sliding 21.33% over the previous year. During the past seven months, GWM's cumulative sales reached 525,849 units, edging down 0.75% from a year ago. By far, GWM has completed 45.33% of its 2018 sales target.

The cumulative sales of GWM's major SUVs reached 44,374 units, representing a YoY sales slump of 25.95% and a MoM drop of 15.64%. From January to July, GWM delivered 447,330 SUVs, decreasing 2.25% from a year ago. Specifically, sales of Haval SUV reached 37,294 units in July, sliding 11.64% compared with last month and slumping 30.75% compared to the same period last year. The cumulative sales of Haval SUVs totaled 362,603 units during the past seven months. 

Great Wall Motor suffers YoY sales skid of 21.33% to 54,334 units in July

GWM's SUV suffered continuous sales drop for several consecutive months. Apart from Haval's widened sales drop, WEY, GWM's high-end brand, also suffered continuous sales decline. Deliveries of the WEY VV5 and VV7 reached 3,508 units and 3,032 units respectively in July, slumping 31.5% and 36.7% month on month respectively. What's more, the WEY P8, a PHEV under WEY, experienced first sale drop in July, with deliveries of 540 units, dropping 5.26% compared with last month.                                                            

In addition, GWM's pickups saw a YoY sales growth of 7.93% to 9,088 units in July. What's more, the sales of the GWM C30 reached 872 units with MoM and YoY sales rise of 22.64% and 21.96% in July.

The WEY VV6 will hit the market at the end of August. The new model will carry with all-new Collie intelligent safety system, mated with 20 intelligent driver assistance technologies.