AutoBeta(AutoBeta.net)03/10 Report--

On March 9, GAC GROUP released KuaiBao for production and marketing in February 2020. Data show that GAC GROUP's production and sales in February were 17313 and 19347 respectively, down 82.67% and 81.08% respectively from a year earlier to 195618 vehicles from January to February, down 37.30% from a year earlier.

In terms of specific models, the sales of car models were 10428 in February, down 80.42% from the same period last year, 44.23% in February compared with the same period last year, 71.22% in February, 30.46% in February and 7276 in February, 83.15% and 28.83% respectively.

In terms of specific brands, Guangzhou Auto Toyota sold 5500 vehicles in February, down 79.78% from the same period last year, and 31.60% from the same period last year; Guangzhou Automobile Honda sold 7143 vehicles in February, down 83.02% from the same period last year and 40.46% from the same period last year; GAC MOTOR sold 5678 vehicles, down 72.08% from the same period last year, and the annual sales volume fell 23.72% from the same period last year. GAC Fick sold 316 vehicles in February, down 93.45% from a year earlier, and annual sales fell 83.05% from a year earlier. GAC-Mitsubishi sold 350 vehicles in February, down 95.00% from a year earlier, and annual sales fell 54.84% from a year earlier.

According to data from the Federation of passengers, sales of narrow passenger cars in China in February were 252000, down 78.5 per cent from a year earlier, while cumulative sales in the first two months were 1.968 million, down 41 per cent from a year earlier. The epidemic has caused a huge blow to China's automobile industry. Judging from the sales data disclosed by major car companies, the sales of domestic independent car companies and overseas joint ventures are all affected. At present, the relevant governments and car companies have begun to take action to launch corresponding car purchase incentive policies.

On March 3, Guangzhou issued a new energy car purchase policy, giving individual consumers a comprehensive subsidy of 10,000 yuan per car to buy new energy vehicles by the end of the year. In addition, for consumers who replace or scrap used cars, car sales enterprises registered in Guangzhou will be given a subsidy of 3000 yuan for each of the "sixth grade" standard new cars.

After the introduction of the new policy in Guangzhou, Guangzhou Auto Toyota took the lead in responding to and introduced eight car purchase subsidy programs to meet consumers' car purchase needs, including an additional subsidy of 2000 yuan for medical and medical personnel, police personnel and military personnel; up to 20000 yuan for new energy vehicles, 8000 yuan for replacement vehicles, and 3000 yuan for hybrid models. In addition, it also includes financial subsidies of 0 interest rate, free maintenance of 100000 kilometers for four years, free disinfection of the whole car, JD.com E card and other preferential policies to stimulate consumers' enthusiasm for buying cars.

In response to the Guangzhou government's strong support for revitalizing automobile consumption, Guangzhou Auto Honda also launched a car purchase replacement subsidy policy, totaling up to 36000 yuan, including VE-1, Odyssey hybrid, Accord and other models to further boost car consumption.

In addition, GAC NE has also subsidized another 10,000 yuan for car owners who buy GAC NE Aion S in Guangzhou, and launched a number of financial programs and services, including door-to-door test driving, giving protective gifts, and upgrading CN95-class air filtration free of charge. It is worth mentioning that although GAC GROUP's sales fell sharply from the same period last year, GAC NE's sales increased sharply from the same period last year, with sales of 1619 vehicles in February, up 100 per cent from January to February, up 66 per cent from January to February.

GAC GROUP said that at present, the company's production and operation work has gradually returned to normal. as of March 6, the resumption rate of GAC GROUP-related parts enterprises has reached 95%, and 2288 dealerships have opened, with an opening rate of about 90%. The impact of the epidemic on sales is relatively large in the short term, and the certainty is higher after the medium term. At present, orders and sales have begun to pick up sharply.

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