Industry dynamics

Great Wall Motor achieves 2020’s first-time YoY sales growth

Publishtime:1970-01-01 08:00:00 Views:34

Shanghai (ZXZC)- Great Wall Motor (GWM), the Chinese biggest SUV and pickup manufacturer, said its Jan.-May auto sales slumped 27.24% year on year to 313,061 units. However, the company recorded a 30.92% hike in May sales, which was also its first-time growth for the year of 2020.

Great Wall Motor achieves 2020’s first-time YoY sales growth

Among 56,930 SUVs sold last month, 51,915 vehicles bear the Haval brand. Compared to the prior-year period, the popular SUV marque acquired a 20.36% year-over-year surge, which made its year-to-date decrease shrink to 30.04%.

With respect to the sales of specific models, the Haval H4, H9, M6 and F5 all had growth of over 30%, especially the increase in the Haval M6 sales stood at 503.91%. Thanks to the robust jump offered in May, both Haval H9 and M6 have seen the year-on-year change in their year-to-date sales turn positive.

Great Wall Motor achieves 2020’s first-time YoY sales growth

(Haval H6, photo source: Haval)

With 22,691 units sold in May, the Haval H6 recorded an 11.1% drop over a year earlier. According to local media reports, the all-new version of the well-received SUV model is to hit the market with three variants based on powertrain—the fuel-burning, the HEV and the PHEV.

Great Wall Motor achieves 2020’s first-time YoY sales growth

(WEY VV7, photo source: GWM)

WEY, the SUV brand carrying GWM's ambition to move upscale, saw its sales fall 19.33% in May. Nevertheless, the sales of the VV5 and the VV7 soared 51.44% and 36.35% compared to the year-ago period respectively.

Last month, the automaker still dominated China's pickup market by taking nearly 50% market share. Specifically, the sales of the P series pickup leapt 25% month on month to 10,006 units, the best-ever monthly performance since it hit the market.

On June 5, the off-road version of the P series pickup hit the market with three gasoline-powered China Ⅵ variants equipped with 8-speed automatic transmission offered initially. Its diesel-fuel version is about to go on sale next month.