For the first three quarters, the Guangzhou-based automobile group sold 1,407,167 vehicles in total, a year-over-year decrease of 6.69%, which were 3.18 percentage points lower than the decline in Jan.-Aug. sales.
As of September, GAC Group had completed 66.38% of its 2.12 million-unit annual sales target.
GAC Toyota and GAC Honda together accounted for 77% of the group's Sept. sales. Regarding year-to-date performance, the two Sino-Japanese joint ventures also took up roughly 78% of GAC Group's overall sales.
Breeze; photo credit: GAC Honda
GAC Honda sold 87,786 new vehicles last month, a 21.7% increase from a year earlier, maintaining a rising momentum from June. For the first nine months, the automaker logged a 5.69% year-on-year decline with 550,565 vehicles sold.
“GAC Honda's overall production and sales volumes were bruised by the coronavirus pandemic in February and March, while they evidently recovered in both second and third quarters,” said Yuan Xiaohua, vice general-manager of GAC Honda, at the Auto China 2020. “Under the current overall sales situation, GAC Honda is capable of normally pushing ahead with the works of channel services, production preparation and supply chain, striving to realize a year-on-year growth in the full-year sales,” he added.
Levin; photo credit: GAC Toyota
GAC Toyota was the fastest-growing subsidiary in terms of Sept. sales performance. With 81,000 vehicles sold, the automaker boasted a 24.62% leap from the previous year. The sales of the Levin series, the Camry series and the YARiS family reached 26,313 units, 18,375 units and 10,608 units respectively.
The other two joint ventures were still mired in downturn. GAC FCA and GAC Mitsubishi sold only 3,862 and 7,030 vehicles in September, facing year-on-year plunge of 35.79% and 38.87%. For the Jan.-Sept. period, both of them had sales volume nearly halved over the year-ago period.
Trumpchi GS4; photo credit: GAC Motor
GAC Motor achieved a robust 12.82% growth in Sept. sales. According to GAC Group, the sales of the Trumpchi GS4 series stood at 13,543 units and the sales of the Trumpchi M8 and M6 MPVs totaled 7,329 units (+35.87% YoY).
Aion V; photo credit: GAC NE
GAC NE, GAC Group's NEV arm, recorded a sales hike of 75% in September by selling 7,006 vehicles. Of those 6,876 units were from the Aion series.