AutoBeta(AutoBeta.net)02/16 Report--

In 2018, the cumulative sales of all Changan automobile brands reached 2.137785 million, down 25.58% from the same period last year, and almost all Changan brands declined. Entering 2019, Changan Automobile still continues the trend of sharp decline in sales in 2018. According to figures released by Changan Automobile, the company sold 141700 cars in January, down 40.1 per cent from the same period last year.

In January, the sales of all six subsidiaries of Changan Automobile declined to varying degrees. The monthly sales of Changan independent brand Chongqing Changan was 66556 vehicles, down 34.4% from the same period last year. With the exception of Chongqing Changan, no brand sold more than 20, 000 vehicles, of which Changan Ford sold 14736 vehicles a month, down 69.7% from 48635 in the same period last year, while Changan Mazda sold 12278 vehicles a month, down 43.9% from a year earlier.

Last year, the cumulative sales of all Changan brands reached 2.137785 million, down 25.58% from the same period last year, and Changan's brands declined almost across the board. Among them, the cumulative sales of Changan Chinese brand cars was 1.4997 million, down 9.8% from 1.6627 million in 2017. The total sales of Changan CS75 series is 140000, the cumulative sales of CS55 is 165000, and the sales of Yiyi series is 125000. Among the joint venture brands, Changan Ford's sales volume has halved, Changan Mazda has decreased by 26000, and Changan PSA's DS brand is still in the doldrums.

Last year, Changan Automobile also suffered a cold wave in revenue. According to the 2018 results forecast released by Changan Automobile at the end of January, Changan expects to achieve a net profit of 500 million yuan to 750 million yuan belonging to shareholders of listed companies last year, compared with about 7.137 billion yuan in 2017. Down 92.99% to 89.49%. The reason for the sharp drop in net profit, Changan Automobile said, "is mainly due to the reduced investment income of the joint venture." It means that joint ventures such as Changan Ford and Changan Mazda did not perform well last year.

Changan Automobile strives to build two pillar subsidiaries, "Chongqing Changan" and "Changan Ford", which are mainly based on independent research and development, and "Changan Ford", which is mainly based on joint venture cars, have long lost their elegant demeanor. In the domestic independent brand competition environment, "Chongqing Changan" has already driven downhill, while Changan Ford, which was once proud, has long been far away from the mainstream joint venture car enterprises after years of "decadence". In January this year, its sales were not even as good as Jiangling Holdings.

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