GAC Group's automobile sales in March increased by more than 30% year-on-year, and production and sales in the first quarter opened well!

Source: Financial Sector News

Gac Motor Group released a production and sales report on the evening of April 7, and in March, GAC Group produced 227,600 vehicles, an increase of 24.4% year-on-year; sales of 227,500 vehicles, an increase of 30.7% year-on-year, and production and sales exceeded 40% month-on-month. From January to March, GAC Group produced a total of 598,100 vehicles, an increase of 25.0% year-on-year, and a cumulative sales of 608,200 vehicles, an increase of 22.5% year-on-year.

GAC Group reported good sales in March

In March, due to the continuous impact of the local epidemic counterattack and the Conflict between Russia and Ukraine, the recovery of the automotive industry was less than expected. According to the data of the Federation of Passenger Vehicles, it is expected that the full-caliber narrow passenger cars will decline year-on-year in March, and the overall market is in a slump range. In this context, GAC Group actively expands production capacity, stabilizes supply and demand, ensures the timely delivery of products, and leads the automotive industry.

The independent sector performed brightly, and the production and sales of Aian exceeded 20,000 for the first time

In March, GAC Aean produced 20,739 vehicles, an increase of 189.8% year-on-year, and sold 20,317 vehicles, an increase of 189.7% year-on-year, with production and sales exceeding 20,000 for the first time, and the product strength of the model continued to be highly recognized by the market. Monthly sales of AION Y, AION S and AION V Plus were 9,501 units, 6,798 units and 3,579 units, respectively, an increase of 218.2%, 101.1% and 67.2% respectively, and the efficiency of bicycles continued to improve. From January to March, GAC Aean produced 43,874 units and sold 44,874 units, an increase of more than 150% year-on-year, maintaining rapid growth.

GAC Aion AION Y

GAC Aion AION S

In February this year, the expansion of the second phase of the production capacity of GAC Aion Intelligent Ecological Factory was completed, enabling AION to have a production capacity of 200,000 years, solving the bottleneck of production capacity and ensuring the continuous hot sales of AION family products. At the same time, the construction of the second plant of Aeon has begun, and it is planned to be completed at the end of the year, when the production capacity of Aeon will double again, which will strongly support the long-term steady and high-speed development of Aeon.

GAC Aean Intelligent Ecological Factory

Another brand of its own brand, "Gemini", GAC Trumpchi, also performed well, achieving production of 29,981 units in March, an increase of 8% year-on-year, and sales of 30,091 units, an increase of 15.1% year-on-year. From January to March, GAC Trumpchi overcame the impact of "lack of core" and produced 85,206 units, an increase of 15.9% year-on-year, and accumulated sales of 90,448 units, an increase of 21.8% year-on-year, all of which achieved double-digit growth, and the performance continued to rise significantly.

In the face of intensified market competition, GAC Trumpchi adheres to the product strategy of "high value + high technology + PVA leading + differentiated selling point", and the sales volume of the Trumpchi GS4 series has once again exceeded 10,000, reaching 12,374 units, and the appeal after the replacement and renewal has reappeared; the sales volume of M6+M8 has reached nearly 8,000, showing Trumpchi's position as the king of the independent brand MPV market. In the follow-up, GAC Trumpchi will adhere to the dual-core development strategy of "hybridization + intelligence", plan to achieve hybridization of all models in 2025, and continue to enhance product strength with scientific and technological innovation.

GAC Trumpchi GS4

GAC Trumpchi M8

The solid performance of the Japanese joint venture continued to contribute to profit growth

The main car companies of the joint venture brand, GAC Honda and GAC Toyota, have developed steadily. The main models such as Accord, Haoying, Binzhi, Camry, Xena, Highlander and Veranda continued to sell well, helping the sales growth of the "Two Fields". Guangqi Honda produced 73,488 units in March, up 6.6% y/y, and sold 76,833 units, up 21.5% y/y. Gac Motor Toyota completed production and sales of 98,254 units and 97,006 units in March, respectively, approaching 100,000 units, up 38.0% and 41.0% year-on-year, respectively.

GUANGQI Honda Accord

GAC Toyota Camry

From January to March, GAC Honda sold 212,424 units and GAC Toyota sold 247,006 units, up 16.7% and 23.4% year-on-year.

It is worth noting that in the first quarter, the sales of GAC's "two fields" energy-saving vehicles achieved 34,560 and 69,900 units, accounting for 16.3% and 28.3% of their respective sales in the same period, and under the situation of rising oil prices, the sales of energy-saving vehicles have risen steadily, and also contributed to the realization of the goal of "carbon peaking and carbon neutrality".

In March, the sales growth of many star models of GAC Group accelerated, with a total of 7 models selling more than 10,000 per month, of which 3 models sold more than 20,000 per month. The layout of star models in various market segments reflects the continuous optimization of GAC's model portfolio and provides stable support for the subsequent sales of GAC Group. Overall, GAC Group's automobile sales in March increased by 30% year-on-year, and production and sales in the first quarter also achieved double-digit growth, achieving a good start in the first quarter. At present, the automotive industry is still disturbed by the shortage of chip supply, sharp fluctuations in raw material prices and the decline in subsidies for new energy vehicles, at the media communication meeting of the 2021 annual report release at the end of March, Zeng Qinghong, chairman of GAC Group, said that GAC is confident of challenging the goal of 15% growth in annual automobile production and sales; Feng Xingya, general manager of GAC Group, said that GAC Group will continue to run the road of new four modernizations transformation and on the road of scientific and technological innovation, and drive GAC to open up a new future with scientific and technological innovation.