Introduction: Shanghai has become the focus of attention under the new round of the epidemic, is SAIC-GM also going to become the end of the strong crossbow among SAIC Group?
At the end of March, the epidemic once again ravaged many cities across the country, and the situation in Shanghai was particularly severe. To a certain extent, this has reduced people's expectations for SAIC's production and sales data in March, but when the latest issue of the production and sales express was released, its actual performance was beyond the imagination of many people.
1) The group's performance is not the worst, SAIC-GM fell for a year in a row
In March, SAIC Motor produced and sold 419,700 units and 443,000 units, down 15.92% and 10.11% year-on-year, respectively. Although it does not look optimistic, in fact, this is still the highest production and sales level among domestic listed automobile companies.
Even changan automobile, which suddenly "opened and hung" in March and continuously surpassed the shares of GAC Group and Dongfeng Group, had a gap of more than 200,000 vehicles with SAIC Group. As for the decline of more than 10%, in fact, compared with the 18.85% decline of Dongfeng Group's shares, it is still "not enough to be afraid".
Especially from the cumulative point of view of the first quarter, even in the face of the severe epidemic in March, SAIC Motor still broke through the million mark in production and sales, and achieved a year-on-year increase of 5.53% and 6.84% respectively, second only to GAC Group, BYD and Chery, and it is not very bad in the top 10 major automobile companies registered in the automotive K-line statistics.
Of course, this is inseparable from the outstanding performance of SAIC Volkswagen, although in February was DISS, but in March, even if there is an impact of the epidemic, SAIC Volkswagen production and sales exceeded 100,000 vehicles, and the year-on-year decline was only slightly. From the perspective of the first quarter, SAIC Volkswagen's production and sales exceeded 330,000 vehicles, an increase of more than 30% year-on-year, and on the whole, with a proportion of about 27%, it became the absolute MVP of SAIC.
However, it should be known that at this time last year, nearly 30% of SAIC's production and sales came from SAIC-GM, but in the latest issue of the production and sales express, the former SAIC "brother" fell by more than 30% year-on-year in production and sales, and the cumulative decline in the first quarter was close to 20%. Whether it is a single month or a cumulative production and sales, it ranks third in saic oil group.
Obviously, SAIC-GM, which is in the transition period, superimposes the production and marketing challenges brought about by the outbreak of the epidemic, and its severity exceeds the imagination of many people. The car K line has also been in the "Cadillac and Chevrolet high inventory "alarm", SAIC-GM for the transformation of the fight? The article briefly analyzes the possible reasons behind SAIC-GM's high inventory, but when will SAIC-GM, which has fallen for 12 consecutive months, complete the transformation, and can SAIC-GM return to its position after the transformation?
2) SAIC-GM-Wuling is steady and steady, and SAIC passenger cars have become the biggest highlight
The above said that SAIC-GM has become the third place of SAIC Group, so who grabbed the second place? The answer is SAIC-GM-Wuling.
In the latest issue of the production and sales express, SAIC-GM-Wuling came up with a particularly "steady" performance. Although March production fell 16.85% year-on-year to only 131,000 units, saic-GM-Wuling was exactly the same as the same period last year.
From the perspective of cumulative performance in the first quarter, SAIC-GM-Wuling is also the most stable ballast stone in the top four sectors of SAIC Group, with a year-on-year increase of 6.56% and 5.65% year-on-year, respectively, combined with the production and sales performance of 375,600 vehicles and 326,100 vehicles respectively, SAIC-GM-Wuling and SAIC Volkswagen have become the two core pillars supporting SAIC Group in this period of production and sales express report. However, the product value of SAIC-GM-Wuling cannot be compared with Volkswagen.
In contrast, SAIC Passenger Cars has become the biggest highlight in this issue of the production and sales express. This not only means that TA is the only subsidiary of SAIC's top four major sectors that rose year-on-year in a single month, but more importantly, from the comparison of production and sales, the gap between SAIC passenger cars and SAIC-GM has narrowed to a level of more than 20,000 vehicles, and the proportion of the group has increased by 3 percentage points year-on-year. According to data released by the Passenger Car Market Information Association (hereinafter referred to as the Passenger Car Market Information Association), in March, the retail sales of the national passenger car market reached 1.579 million units, down 10.5% year-on-year; the cumulative retail sales in the first quarter were 4.915 million units, down 4.5% year-on-year, which was lower than expected.
When we analyzed the sales volume of various listed automobile companies in February, we directly felt the severe impact of the epidemic leading to the suspension of production of some enterprises, and when the epidemic raged in Shanghai, although we could not observe the specific efforts made by enterprises to fight the epidemic through a production and marketing express, compared with the data of the Association, we could clearly feel SAIC's refusal to "swing rotten" attitude, and this is also the Chinese automobile industry with only a short history of 70 years, standing in front of the 136-year world automobile history. The most proud and fascinating thing.
With the release of the March Production and Marketing Express, SAIC's stock price fell seriously in the following trading day, falling by 3.31% in a single day, while also hitting the lowest stock price since 2020 for two consecutive trading days, almost returning to the level of 6 years ago.
Shanghai has become the focus of attention due to the epidemic, when will SAIC-GM get rid of the embarrassing situation of "the end of the crossbow"? How did Changan Automobile, which played at a high level, perform in March? Please also continue to pay attention to the series of content launched by the automotive K-line.