Industry dynamics

GAC Group’s auto sales drop YoY in July, but NEV sales still surge

Publishtime:2019/08/16 Views:36

Shanghai (ZXZC)- GAC Group announced this week it sold 189,199 vehicles in July 2023, representing a 14.04% decline year-on-year.

GAC Group’s auto sales drop YoY in July, but NEV sales still surge

The sliding trend in July sales mainly flowed from the two-digit decrease that confronted the sales of two major Sino-Japanese automakers. To be specific, GAC Honda's July sales plunged 44.31% over a year ago to 42,008 units, while GAC Toyota recorded a 16.67% year-on-year drop with 70,000 vehicles sold last month.

GAC Group’s auto sales drop YoY in July, but NEV sales still surge

Despite the downturn in overall monthly sales, GAC Group still saw its new energy vehicle (NEV) sales in July zoom up 84.51% from the previous year to 49,935 units. Of them, 45,025 units were contributed by GAC AION, indicating a 79.86% surge over the year-ago period.

In addition, GAC Motor, the wholly-owned passenger vehicle maker of GAC Group, sold 31,344 vehicles in July, which remained flat over the prior-year period.

GAC Group’s auto sales drop YoY in July, but NEV sales still surge

AION S Plus; photo credit: GAC AION

As for the performance of main products, GAC Group said it had six models in total whose respective July sales all exceeded 10,000 units, namely, the AION S (22,437 units), the Camry series (18,835 units), the AION Y (17,828 units), the Frontlander series (13,981 units), the Wildlander series (13,044 units), and the INTEGRA series (11,486 units).

For the first seven months of this year, GAC Group sold a total of 1,353,904 vehicles, which edged down 1.18% from a year earlier. Notably, its year-to-date NEV sales still rocketed 104% year on year to 286,413 units.