Shanghai (Gasgoo)- Guangzhou Automobile Group (GAC) delivered 178,264 vehicles in December, 2017, up 5.73 percent year on year, but down 1.24 percent month on month. By the end of December, the group sold a total of 2,001,036 vehicles in the whole year, jumping 21.27 percent compared with the year before.
The outstanding sales performance of both joint ventures and self-owned brands contribute together to the sales growth. In the last month of 2017, the delivery of passenger vehicles under GAC self-owned brands reached 43,600 units, increasing 20.79 percent from a year earlier. In 2017, the total sales of passenger vehicles from GAC self-owned brands were around 508,600, growing 36.7 percent compared with 2016.
In 2017, all of GAC’s joint ventures saw sales growth. GAC Honda handed over 705,000 vehicles last year, exceeding its annual sales target and increasing 10.37 percent year on year. The delivery of GAC Toyota also surpassed its annual sales target with a total volume of 442,400 units, up 4.88 percent compared with the previous year.
The sales of GAC’s another joint venture with Japanese automakers, GAC Mitsubishi, doubled in the past year. GAC Mitsubishi’s delivery soared 110 percent to 117,400 vehicles in 2017, the highest growth rate among all subsidiaries of GAC.
GAC FCA sold 222,332 vehicles in 2017. The sales of locally produced Jeep models surged 57 percent compared with the previous year to over 200,000 units.
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