On the evening of May 6, SAIC Motor released its april production and sales data.
Due to the impact of the epidemic, SAIC Motor's companies have experienced sharp declines: production and sales totaled 158,000 units and 166,000 units in April, down 62% and 60.3% year-on-year. From January to April this year, SAIC Motor's cumulative production and sales reached 1.427 million units and 1.387 million units, down 11.84% and 11.19% respectively year-on-year.
From the perspective of specific enterprises, the two joint ventures SAIC Volkswagen and SAIC-GM, as well as SAIC Passenger Vehicles, have been greatly affected. Among them, SAIC Volkswagen's sales in April were 30,008 units, and SAIC-GM's sales were 23,829 units, both of which fell by more than 70% year-on-year; SAIC Passenger Cars also fell by 65.77%, with sales of only 18,519 units.
Although the production bases of SAIC-GM-Wuling and SAIC Maxus are not in Shanghai, they are also affected by the suspension of production of many Shanghai suppliers, and more than 40% of them have declined. Among them, SAIC-GM-Wuling sold 76,017 vehicles, and SAIC Maxus sold 8,700 vehicles, down 43.57% and 56.02% year-on-year, respectively.
In addition, in terms of exports, SAIC Motor's export sales in April were 38,899 units, down 9.33% year-on-year. From January to April this year, a total of 210774 units were exported, an increase of 30.5% year-on-year.
It is worth noting that with the sharp decline in sales in April, SAIC's cumulative sales in the first four months of this year also changed from a year-on-year increase of 6.8% in the first quarter to a year-on-year decline of 11.19% to 1.3871 million units.
Affected by the epidemic, China's auto market suffered a "cold spring" in April, especially the Shanghai auto industry almost pressed the pause button, and SAIC Motor, which is in the center of the whirlpool, or the car companies that were most seriously affected this time, but fortunately, everything is recovering.
SAIC Motor said on the evening of the 6th that at present, more than 40,000 employees in its major subsidiaries in Shanghai have been stationed in the factory to carry out closed-loop operation and production, and major automakers have achieved stable batch roll-off of the line.
At the same time, SAIC Motor expects that from late May, the resumption rate of parts supporting enterprises that enter the "white list" of the two batches of resumption of work and production in Shanghai will exceed 80%, and the logistics pressure in the Yangtze River Delta will be further alleviated, and as the supply chain and logistics tend to be stable, SAIC's vehicle enterprises are expected to gradually resume normal production in late May, and the production and sales of complete vehicles will strive to reach the same period last year.
This year, SAIC will challenge its annual sales target of more than 6 million vehicles, an increase of 10% year-on-year, and to achieve this goal, SAIC motor will need to race against time.