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GAC Group sold 237,200 vehicles in January, up 9.16% year-on-year

[News-Oxcart Network]

On the evening of February 8, GAC Group released the January 2022 production and sales express. According to the data, its automobile production and sales in January were 218,600 units (up 13.96% year-on-year) and 237,200 units (up 9.16% year-on-year), respectively, making a good start.

It can be seen that the polarization of the joint venture brands under the GAC Group is becoming more and more obvious. GAC Honda and GAC Toyota still pick up the girder, while GAC Mitsubishi and GAC FCA still face an uncertain fate.

According to the data, GAC Toyota sold 99,900 units, an increase of 11.25% year-on-year; GAC Honda sold 78,500 units, an increase of 1.11% year-on-year.

It is worth mentioning that both Guangfeng and Guangben have sales targets of 1 million vehicles this year. In contrast, Hiromoto needs to take a bigger step.

To this end, GUANGQI Honda plans to launch no less than 4 new cars in 2022, including the new Odyssey, the first H-standard pure electric model e:NP1, Haoying mid-term modification model and a new SUV, the market performance of the model is also crucial for Hiromoto to achieve the million goal.

In addition, as the first full delivery month since the launch of GAC Toyota Syna, sales reached 5,399 units in January this year, of which the top platinum version accounted for 40%. At present, the controversy over Xena's "mark-up" has not had much impact on its market performance.

GAC Group sold 237,200 vehicles in January, up 9.16% year-on-year

The other two joint venture brands, GAC FCA and GAC Mitsubishi, did not perform well at the start of the year. GAC FCA's January sales continued to decline by 31% year-on-year at just 1,725 vehicles; GAC Mitsubishi's january sales fell nearly 30% year-on-year, with sales of 3,805 vehicles in the month.

Combined with the background of "abolishing the restriction on foreign ownership of passenger cars in 2022", GAC FCA may face a large degree of equity adjustment this year. In January this year, Stellantis Group had reported increasing its shareholding in GAC FCA from 50% to 75%, but this news was not recognized by GAC Group.

For GAC Mitsubishi, which "eats the old roots", whether Atuka can become a hit will be the key to a desperate fight in 2022.

In terms of independent brands, GAC Passenger Cars and E-An continued their good momentum. GAC Passenger Vehicle Production and Sales in January were 32,200 units and 36,500 units, up 2.79% y/y and 6.29% y/y, respectively. It is worth mentioning that gac Trumpchi's second-generation GS8 has a high degree of market attention, and it is said that it is said that it takes about two months to order a car to pick up the car.

GAC Group sold 237,200 vehicles in January, up 9.16% year-on-year

GAC E-AN data is still eye-catching, with production and sales reaching 14,600 units and 16,000 units in January, respectively, up 98.73% and 117.93% year-on-year, respectively. In addition, the listing of AION LX Plus this year will further drive further growth in overall sales, while the expansion of Aian's production capacity and the acceleration of mixed reform will form a long-term positive for brand development.

Write at the end

2022 is the first year for GAC Group to implement a new term of professional manager tenure, and the implementation of tenure system and contractual management for managers of various enterprises, and the Group will challenge the target of 15% year-on-year increase in automobile production and sales for the whole year, that is, 2.43 million units, compared with the actual sales volume of 2021 (2.144 million units) with a gap of 316,000 units.

However, at present, GAC Toyota's Sai Na, GAC Honda's style, GAC Trumpchi's new GS8, GAC Aian's AION LX PLUS and other Internet celebrity cars have not yet fully developed, and there is reason to believe that these models will contribute more sales to GAC Group.

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