AutoBeta(AutoBeta.net)06/05 Report--

On June 5, SAIC released the latest data showing that sales in May 2021 were 406735 vehicles, down 14.02 per cent from a year earlier, with cumulative sales of 1968664 vehicles from January to May, up 25.42 per cent from a year earlier.

Cumulative sales do not have much reference significance. Affected by the epidemic in February last year, resulting in basically stagnant production and operation of car companies, sales are very unsightly, so it is inevitable to cause a sharp increase in sales compared with the same period last year.

From the point of view of monthly sales, the brands of SAIC Group have their own joys and sorrows. SAIC-Volkswagen sold 110000 vehicles in May, down 16.03 per cent from a year earlier, according to data. In order to narrow the sales gap, SAIC-Volkswagen mainly through two major paths: on the one hand, through brand-new products, including new Tuen, Tuen X, ID.4X, and the future launch of all-series Tu Guan, new Passat, new Lingdu and other models. On the other hand, this is an executive adjustment. From April 2021, Yu Jingmin, deputy general manager of SAIC passenger car Company, served as SAIC Volkswagen sales and Marketing Executive Deputy General Manager and SAIC Volkswagen sales Company General Manager.

The above measures can see the urgent need for SAIC-Volkswagen to change the current decline, but whether it can change the situation remains to be tested. Overall, SAIC-Volkswagen sales fell in May compared with the same period last year, which has a lot to do with the market's traditional off-season as well as the continuing shortage of chips.

SAIC GM has had an even more serious impact, with sales of 80350 vehicles in May, down 40.99 per cent from 136157 in the same period last year. Similar to SAIC Volkswagen, the reason that affects SAIC GM sales is not only related to the market, but also more likely to be due to lack of core. According to production data, SAIC GM produced only 81196 vehicles in May, compared with 129763 in the same period last year, down 37.43 per cent from a year earlier.

As one of SAIC's few year-on-year growth sectors, SAIC sold 53000 passenger cars in May. The year-on-year increase was partly due to growth in overseas markets, with SAIC selling more than 20000 passenger cars overseas in May, up 304 per cent from a year earlier, according to official figures.

SAIC GM Wuling also showed growth, is the SAIC Group's total sales of the highest brand. SAIC GM Wuling sold 125000 vehicles in May, up 2.46 per cent from a year earlier. From the past sales results, it is not difficult to see that SAIC GM Wuling mainly relies on Wuling Hongguang MINIEV, Wuling Hongguang, Wuling Capgemini and other models, of which Hongguang MINIEV is the highest selling model in the enterprise, not only leading Tesla to become the top seller of new energy vehicles for many months, but also in the global market. It is understood that the global electric model sales ranking in April shows that the top five models in sales are Wuling Hongguang MINI EV, Tesla Model Y, Tesla Model 3, Volkswagen ID.4 and ID.3.

Recently, with the opening of the three-child policy, SAIC GM Wuling will also launch a new nine-seater model with a 2x2x2x3 seat layout and a side sliding door design, bringing a new car experience for multi-population families. Of course, whether this upcoming brand-new model can win consumer recognition remains to be tested.

Overall, from the perspective of total sales, due to the impact of last year's epidemic, the sales growth of many car companies, including SAIC, is not surprising, but in a single month, due to market reasons and other irresistible factors, the impact of SAIC-Volkswagen and SAIC-GM is very serious. Of course, the shortage of chips affects global auto companies, and whether they can recover this part of the loss to the maximum extent is also one of the issues that auto companies need to consider.

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