Recently, GAC Group announced its sales in March: a total of 227471 new cars were sold, an increase of 30.66% year-on-year and a sharp increase of 58.6% month-on-month.
In the first three months of this year, GAC Group's cumulative sales reached 608167 units, an increase of 22.48% year-on-year, significantly higher than the Group's annual sales growth target of 15%.
Under the background of the shortage of chip supply, the recurrence of the epidemic and the increase in raw material prices, the growth of GAC Group is worthy of recognition, and its own brands and joint venture brands have blossomed at many points.
Let's look at the specific sales volume. In terms of independent brands, GAC Aeon's sales picked up to 20,317 units, and its sales exceeded 20,000 for the first time, a year-on-year surge of 189.70%, an increase of 138.3% month-on-month.
Among them, AION Y alone delivered 9,501 units in March, an increase of 218% month-on-month, and the efficiency of bicycles gradually improved. From January to March, GAC Aeon's cumulative sales reached 44,874 units, an increase of 154.85% compared with the same period last year.
It is worth noting that with the successful completion of the capacity expansion of the second phase of the production line of the Eian Intelligent Ecological Factory, the output of GAC Aeon has also increased significantly, reaching 20,739 units, an increase of 143.02% month-on-month.
The annual production capacity of the expanded plant was increased to 200,000 units, which successfully solved the bottleneck of production capacity. At the same time, the second factory of Aian, which will be completed at the end of the year, also provides important support for the subsequent sales growth of the brand.
Its own brand GAC Trumpchi also performed well, with sales of 30,091 units in March, an increase of 15.08% year-on-year, and the main model Trumpchi GS4 series sold 12,373 units. In the first three months, the total sales volume of GAC Trumpchi new vehicles reached 90,448 units, an increase of 21.80% year-on-year.
It is worth mentioning that on April 7, the 2022 Trumpchi GS3 POWER was launched, and the new car launched a total of 4 models with two powertrains, with a price range of 84,800 to 102,800 yuan. Some people believe that IF GAC Trumpchi wants to increase brand sales, it must increase its offensive in SUV models, and GS3 POWER may play an important role in it.
Among the joint venture brands, Guangqi Honda sold 76,833 units in March, an increase of 21.46% year-on-year. The Accord series is still the most important source of sales, selling 20,667 units, while the Binzhi and Haoying series also continue to maintain a hot sales trend, achieving sales of 16,623 units and 12,481 units in March, respectively.
At present, GUANGQI Honda is accelerating its electrification transformation. On March 29, Guangqi Honda officially released a new electric brand e:NP, Chinese named Ji Pan, and unveiled its first product, e: NP1, Chinese name Ji Pan 1. In addition, the new brand's new energy exclusive factory will be completed and put into operation in 2024.
GAC Toyota sold 97,006 new vehicles in March, up 41.00% year-on-year. By model, the Camry series and the Leiling series accounted for half of the country, selling 27,211 and 20,032 units respectively, and the Veranda series also performed well, selling 14,334 units. Xena also lived up to expectations, selling 6,319 units in March and more than 15,000 units in the first quarter. In the first three months of this year, GAC Toyota's total new vehicle sales reached 247006 units, an increase of 23.44% year-on-year.
As for GAC Mitsubishi, it achieved sales of 2,002 vehicles in March, a sharp decline of 66.64% compared with the same period last year, while GAC FCA produced and sold only 1 vehicle in March, which was close to suspension.