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2024-09-08 Update From: AutoBeta autobeta NAV: AutoBeta > News >
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AutoBeta(AutoBeta.net)07/12 Report--
Recently, SAIC released the latest data, showing that production and sales in June 2021 were 327385 and 328621 respectively, down 31.33% and 31.46% year-on-year respectively, while cumulative production and sales in the first half of the year were 2339258 and 2297285 respectively, up 17.42% and 12.11% year-on-year.
It should be noted that the data released by general car companies are wholesale sales data, that is, the data from manufacturers to brand dealers. Generally speaking, wholesale sales data can not directly reflect the performance of the end market. But it can also reflect some of the situation of the car company in the market.
In terms of monthly sales, SAIC's brands almost fell, and production and sales declined significantly compared with the same period last year. Data show that SAIC-Volkswagen production and sales in June were 68103 and 65000 respectively, down 50.00% and 54.63 per cent respectively from a year earlier. According to wholesale sales data, the supply of SAIC-Volkswagen models was relatively low in June, with 18446 Lanya, 15431 Santana, 7546 Polo, 6409 Tuen and less than 5000 other models.
The same is true of SAIC GM, with production and sales of 90437 and 85097 vehicles respectively in June, down 35.33 per cent and 34.97 per cent respectively from a year earlier. SAIC GM, which owns the Buick, Cadillac and Chevrolet brands, sold 14164 vehicles in June, 12095 in Yinglong, 8375 in Buick GL8, 7866 in Regal, 5350 in Cadillac CT5 and 6041 in Cruze, according to wholesale sales figures. All other models sold less than 5000.
SAIC GM Wuling is also not optimistic, with production and sales of 89153 and 93053 vehicles respectively in June, down 19.79% and 24.96% respectively from a year earlier, slightly better than SAIC GM and SAIC Volkswagen. In terms of specific models, Wuling Hongguang MINIEV is 30100, Wuling Hongguang is 11243, Baojun 530s is 5688, other models are less than 5000.
SAIC passenger cars, by contrast, had little impact, with production and sales of 44257 and 47000 vehicles respectively in June, down 20.17 per cent and 2.71 per cent respectively from a year earlier. SAIC passenger cars have three brands: Roewe, Mingjue and SAIC R, of which 8997 are ZS, 7000 are Mingjue 5, 8129 are Roewe i5, and less than 5000 are other models.
Among SAIC's companies, only SAIC Chase grew, with production and sales of 19176 and 20013 vehicles respectively in June, up 7.57 per cent and 19.19 per cent respectively from a year earlier. Of course, compared with other brands, SAIC Chase still has relatively few products in passenger cars, and the sales and output of major models will not be very low, but it is still a relatively good market performance to achieve growth.
The sharp decline in production and sales of SAIC has something to do with the shortage of chips. As a giant with an annual production capacity of 6 million vehicles and a number of independent and joint venture brands, SAIC has been significantly affected by the chip crisis that has swept the global auto industry. The supply and demand problem of semiconductors has dragged down SAIC's production and marketing plans, and its joint venture brand bears the brunt, falling much higher than the market level, but SAIC Chairman Chen Hong said at the 2020 annual shareholders' meeting that in June this year, all major vehicle manufacturers across the country are facing difficulties of supply shortages, which are expected to ease in late July and basically return to normal in the third and fourth quarters.
However, despite a marked decline in wholesale sales in the first half of the year and uncertainty about the recovery of chip supply, Chen Hong said the chip shortage would not affect the annual sales target of 6.8 million vehicles. In addition, Wang Xiaoqiu, president of SAIC, said that the insufficient supply of chips does have a great impact on the company's wholesale sales, but in terms of terminal retail sales, the company's overall performance is better than the market. As the supply of chips improves in the third quarter, the company will produce replenishment, so the chip shortage will not have a fundamental impact on sales targets throughout the year.
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