Shanghai(Gasgoo)-According to the data released by SAIC Group on Dec. 7, output and sales of SAIC Group set a new record high in November. It produced 727,952 vehicles, up 9.46% year on year. The sales of SAIC Group reached 718,438 units with a year-on-year increase of 8.02%. During the past 11 months, SAIC Group delivered 6,197,004 vehicles, growing 7.84% year on year. Compared with its annual sales of 6,489,000 units in 2016, SAIC Group is expected to exceed the sales number by the end of 2017. All companies except Shanghai Sunwin Bus Corporation witnessed relatively high sales growth in November.
In November, SGMW topped SAIC Group's sales ranking with sales of 223,002 units, posting a slight year-on-year growth of 1.27% and relatively high month-on-month increase of 15.97%. Baojun brand played an important role in SGMW's sales growth, and the Baojun 510 and 310 were the sales drivers.
Following SGMW, SAIC-GM delivered 217,156 units with a year-on-year increase of 10% and month-month growth of 7.87%. November was the best sales month for SAIC-GM, mainly thanks to the double-digit sales growth of Chevrolet brand for five consecutive months and Cadillac brand for 21 consecutive months as well as the stable sales growth of Buick brand.
SAIC-VW sold 205,258 units with a year-on-year increase of 6.77% and month-on-month increase of 5.92%, taking the third place among the sales of SAIC Group's JV and self-owned companies. During January and November, SAIC-VW (including Skoda) delivered 1,871,622 vehicles, increasing 3.51% on an annual basis in November.
In November, SAIC Motor Passenger Vehicle sold 54,098 units with a year-on-year growth of 27.72% and month-on-month increase of 4.82%, setting a new record high once again. During the previous 11 months, sales of SAIC Motor Passenger Vehicle totaled 467,092 units, soaring 70% compared with the same period last year. It is promising for SAIC Motor Passenger Vehicle to exceed 500,000 units by the end of 2017.
Thanks to the sales of SGMW, SAIC-GM and SAIC-VW reaching over 200,000 units, SAIC Group easily exceeded the sales of vehicle peak seasons in September or October. Other factors driven the sales growth may attribute to the huge consumer demands and the stimulation of sales tax policy on cars with engines of 1.6 liter or below. According to the relevant regulations from Ministry of Finance of the PRC, sales tax on cars with engines of 1.6 liter or below will recover the tax of 10% from Jan. 1, 2018.
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