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Xinhua Finance Beijing, April 25 (Xinhua) -- Recently, automobile manufacturers have successively disclosed their March sales data. Researchers from Xinhua Finance and Bread Finance used the monthly sales data announcements disclosed by major automobile manufacturers listed on the A and H shares to calculate the sales of their vehicles and new energy vehicles.
According to incomplete statistics, 23 automakers in A- and H-share listed companies disclosed monthly sales data. In March 2024, the 23 companies sold a total of 1,852,900 vehicles, an increase of 9.29% year-on-year. SAIC, BYD, and Changan Automobile ranked among the top three in terms of sales, and the sales of Yaxing Bus and Shuguang increased by more than 200% year-on-year.
Among them, about 16 companies disclosed sales data for new energy vehicles (including passenger cars and commercial vehicles). In March 2024, the above-mentioned companies sold a total of about 662,700 new energy vehicles, an increase of 37.52% year-on-year, and BYD and SAIC sold more than 80,000 new energy vehicles in March. Most companies achieved positive year-on-year growth, among which the growth rate of Cialis, Lifan Technology and JAC Automobile was high.
Vehicle sales in March were 1,852,900 units, with SAIC, BYD, and Changan Automobile ranking among the top three
According to incomplete statistics, 23 automakers in A- and H-share listed companies disclosed monthly sales data. In March 2024, the 23 companies achieved a total of 1,852,900 vehicle sales, an increase of 9.29% year-on-year.
Figure 1: Vehicle sales of automakers listed in Shanghai, Hong Kong and Shenzhen
Specifically, SAIC Motor sold 381,400 vehicles in March, while BYD and Changan Automobile sold 302,500 and 259,000 respectively. In terms of growth rate, the vehicle sales of Yaxing Bus and Shuguang increased by more than 200% year-on-year, and the sales of six companies, including Dongfeng Group, Guangzhou Automobile Group, Haima Automobile and BAIC Blue Valley, decreased year-on-year.
Figure 2: Vehicle sales ranking of Shanghai-Hong Kong-Shenzhen listed auto companies in March 2024
SAIC Motor sold a total of 381,400 vehicles in March 2024, up 8.41% year-on-year. From the perspective of its brands, SAIC-GM-Wuling and SAIC-Volkswagen ranked first in March, with about 114,000 and 90,000 units respectively, an increase of 25.98% and 11.09% year-on-year respectively.
Yaxing Bus sold 457 vehicles in March, up 215.17% year-on-year, and 951 vehicles were sold from January to March, up 183.88% year-on-year. In terms of vehicle types, large buses sold the most, reaching 336 units, compared with only 60 units sold in the same period last year, a large increase.
Haima Motor's vehicle sales in March fell by more than 80% year-on-year, and the performance of similar vehicles was poor. In March 2024, Haima Motor sold a total of 557 vehicles, of which 480 and 77 were SUVs and MPVs, respectively, a year-on-year decrease of 88.89% and 93.25%.
The sales growth rate of Cialis and Lifan Technology is in the top of the GAC Group
According to the statistics of the announcement, about 16 companies disclosed the sales data of new energy vehicles (including passenger cars and commercial vehicles). In March 2024, the 16 companies sold a total of about 662,700 new energy vehicles, an increase of 37.52% year-on-year. In addition, the penetration rate of new energy vehicles in March 2024 reached about 37.34%, an increase of more than 7 percentage points from the same period last year.
Figure 3: New energy vehicle sales of automakers listed in Shanghai, Hong Kong and Shenzhen
According to the data, BYD and SAIC sold more than 80,000 new energy vehicles in March, of which BYD ranked first in the industry with 302,500 units. Most companies achieved positive year-on-year growth, among which the year-on-year growth rate of Cialis, Lifan Technology and JAC Automobile exceeded 100%, compared with the year-on-year decline of more than 20% for BAIC Blue Valley and GAC Group.
Figure 4: New energy vehicle sales ranking of Shanghai, Hong Kong and Shenzhen-listed auto companies in March 2024
According to the data, the sales of new energy vehicles in March reached 27,700, an increase of 225.81% year-on-year. Since September 2023, the new M7 series models cooperated by Sailis and Huawei have begun to be delivered, and the subsequent M9 series has been launched, which has led to a rapid increase in sales.
In March 2024, GAC Group sold a total of 179,300 vehicles, down 22.62% year-on-year, and new energy vehicles sold 33,600 units, down 23.76% year-on-year. In the same period, GAC Aion, its new energy vehicle brand, sold a total of 27,900 units, a year-on-year decrease of 30.4%.
[Read Financial Report] is a column jointly created by Xinhua Finance and Bread Finance with the interpretation of financial reports of listed companies as the main content. Xinhua Finance is a national financial information platform built by Xinhua News Agency, which comprehensively covers the global stock market, foreign exchange market and bond market, and provides authoritative, professional and comprehensive financial information services.
Editor: Hu Chenxi
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