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Sales of several independent brands increased, with Great Wall Motor selling 82000 vehicles in May.

2024-09-08 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)06/09 Report--

In May, the impact of the epidemic has been basically eliminated, and the expected retaliatory consumption of cars seems to have arrived. According to data from the Federation of passengers, the wholesale sales of manufacturers in May were 1.643 million, up 6.3% from the same period last year and 9.4% from April. On the retail side, retail sales in the passenger car market reached 1.609 million units in May, an increase of 1.8% over the same period last year.

In this environment, Geely, Changan and other independent car companies have ushered in sales growth. Geely sold 108800 vehicles in May, up 20 per cent from a year earlier, while Changan sold 125300 Chinese-branded cars in May, up 42.2 per cent from a year earlier.

On June 9th, Great Wall released its May sales figures, which showed that it sold 81901 vehicles that month, up 31 per cent from a year earlier. So far, China's three independent brands all achieved growth in May.

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Great Wall has four business segments, including Harvard brand sales of 51915, up 20 per cent year-on-year; Great Wall pickup sales of 22543, 178 per cent year-on-year growth of 5015, down 19 per cent; and Euler brand sales of 2333, down 49 per cent year-on-year.

In terms of specific models, the Harvard H6 sold 22691 new cars in May, down 11.1% from a year earlier, but remained at the top of the SUV sales list, while the new Harvard H6 will go on sale in August. The rest of the Harvard M6 and Harvard F7 SUV sold more than 10,000 vehicles, 12670 and 10241 respectively.

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The WEY brand remained in the doldrums, with sales of 1528 VV5 and 2058 VV6 in May, compared with 1429 VV7 and no sales of the new energy model P8.

The pickup field has become the main growth point of Great Wall Motor. Great Wall sold 22543 pick-up trucks in May, of which 10006 were newly launched that month. The Great Wall Gun truck is divided into passenger version, commercial version and cross-country version, with a price range of 9.78-199800 yuan.

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From January to May, the cumulative sales of Great Wall Motor reached 313000, down 27.24% from the same period last year. It is also a great challenge whether it can continue to exceed 1 million sales this year.

Great Wall Motor announced earlier that due to market uncertainty and the epidemic, its sales target for 2020 was lowered to 1.02 million vehicles from 1.11 million, and its net profit was lowered to 4.05 billion yuan from 4.7 billion yuan.

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