Summary of Chinese automakers’ Oct. sales
From the time being, China's auto market has been mired in sales downturn for 16 straight months. Affected by overall sluggish market climate, quite a few automakers in China also suffered prolonged decrease, while there were some companies, such as Great Wall Motor, Geely and Chery Holding, still performing against the general cooling trend.
SAIC Motor
SAIC Motor said its Oct. auto sales fell 9.55% from a year ago to 544,391 units. Meanwhile, the total sales volume for the first ten months of the year represented a double-digit growth.
All top three subsidiaries by monthly sales posted year-over-year decrease in both Oct. sales and year-to-date sales.
The champion SAIC Volkswagen clocked a 6.39% decline in Oct. sales, versus 5.8% drop for September. The joint venture with Volkswagen Group was the runner-up among China's automakers by the Oct. wholesale volume of locally-produced PVs, according to the China Passenger Car Association (CPCA).
SAIC-GM faced double-digit decline in both Oct. sales and year-to-date sales. The joint venture offered the first glimpse of the Cadillac CT4 in late October, which is scheduled to hit the market next year.
Besides, the group said the Oct. sales of its self-owned PV unit, SAIC Motor PV, edged up 0.86%, showing year-on-year increase for the fourth month in a row. Of that, Roewe and MG brands sold roughly 35,700 units and 24,700 units respectively.
Dongfeng Motor Group
Dongfeng Motor Group's Oct. auto sales reached 262,540 units, edging down 1.93% year on year as a result of the PV sales downturn.
GAC Toyota recorded a growth of 16.52% in year-to-date sales. The two main contributors were the Camry and the Levin, with 150,741 units and 180,502 units sold after ten months of the year, up by 10% and 14% respectively.
GAC Motor had suffered its fourth-month-in-a-row decrease by October. For the first ten months of 2019, the group’s self-owned PV arm got its sales plunge of 30.42% to 306,685 units.
Changan Automobile
Changan Automobile announced its auto sales in October edged down 0.9% year on year, the smallest decrease the automaker posted so far this year.
For the first ten months, the company saw total sales slump 21.5% to 1,389,897 units. However, the decrease in year-to-date sales has been continuously shrinking since May, 2019, according to the sales data of previous months.
Among the PVs sold last month, 3,499 units were BEVs, nearly halved from the prior-year period. However, Jan.-Oct. pure electric PV sales still leapt 17.69% to 52,527 units.
Export volume displayed a drop of 5.45% in October. The group exported 39,697 vehicles through October with a plunge of 42.63%.
