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SAIC posts January sales growth of 13.13% year on year

Shiny From Gasgoo| February 09 , 2018

China auto market news, SAIC Group January sales, SAIC Hongyan SGMW, SAIC Maxus SAIC-GM

Shanghai (Gasgoo)- SAIC Group released its output and sales for January on Feb. 8, showing that its overall January sales increased 13.13% year on year to 712,152 units. Meanwhile, its output reached 727,985 units with a YoY growth of 22.02%.

Most strikingly, SAIC Hongyan boasted the largest sales growth among SAIC Group's all subsidiaries, gaining MoM and YoY surge of 154.48% and 194.24% respectively to 5,317 units. Ranking sixth in industry, SAIC Hongyan took up 5.41% of units, which help lay solid foundation for the sales growth in 2018. With deliveries of 1,701 units in January, SAIC Motor-CP Co., Ltd. posted second largest sales growth of 150.15%.

China auto market news, SAIC Group January sales, SAIC Hongyan SGMW, SAIC Maxus SAIC-GM

Though SAIC Volkswagen posted sales growth of 0.09% over the previous year, it boasted the largest deliveries of 213,919 units among the overall subsidiaries. SAIC-GM ranked second with January sales of 202,717 units, up 12.75% year on year. With deliveries of 200,068 units in January, SGMW took the third place of January sales among all SAIC Group's subsidiaries. However, its YoY sales growth only reached 9.83%. Among all the subsidiaries, only Shanghai Sunwin Bus Corporation (SUNWIN) suffered sales slump of 25% on an annual basis to 39 units.

SAIC Maxus handed over 12,000 vehicles in January with a MoM increase of 28.69% and a YoY surge of 46.8%. With the 200,000th vehicle rolling off the production line, SAIC Maxus created the "Maxus speed" once again.

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