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2024-09-08 Update From: AutoBeta autobeta NAV: AutoBeta > News >
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AutoBeta(AutoBeta.net)08/07 Report--
According to the latest data released by SAIC, the group's sales increased by 43.74% year-on-year to 506700 vehicles in July 2022, and cumulative sales increased by 3.44% to 2.7411 million vehicles from January to July. Among them, SAIC Volkswagen, as a profit cow, saw its sales rise 85.17 per cent in July from a year earlier to 129600 vehicles, and its cumulative sales from January to July rose 16.91 per cent to 704300 vehicles, making it the group's biggest brand increase.
Although SAIC-Volkswagen has a large domestic market share in the past few years, it has not been comfortable. According to historical data from the automobile industry, SAIC-Volkswagen sold 2.0651 million vehicles, 2.0018 million vehicles, 1.5055 million vehicles and 1.242 million vehicles respectively from 2018 to 2021, with a slight increase of 0.1% in 2019 compared with the same period last year, while the year-on-year decline in 2018-2021 was 3.07%, 24.79% and 17.50% respectively. As can be seen from the above data, SAIC-Volkswagen sales have declined for three consecutive years compared with the same period last year, with year-on-year declines of more than double digits in 2020 and 2021, making it the group's biggest decline for two consecutive years. Of course, there are signs that SAIC-Volkswagen has fallen by more than double digits for two years in a row, such as being affected by the epidemic in 2020 and a shortage of chips in 2021.
After entering 2022, the situation of SAIC Volkswagen is not optimistic. In April this year, affected by the epidemic in Shanghai, many factories under SAIC stopped production for more than half a month. Data show that SAIC's wholesale sales in April 2022 were] 166600 vehicles, down 40.3% from a year earlier. Among them, sales of SAIC-Volkswagen, SAIC-GM and SAIC-GM Wuling all dropped sharply compared with the same period last year, with SAIC-Volkswagen down 72.29% to 30000 vehicles, SAIC-GM down 70.44% to 23800 vehicles, and SAIC-GM Wuling down 43.57% to 76000 vehicles.
As Shanghai is an important city of China's automobile industry, the month-long lockout has a direct impact on the development of China's automobile industry. In theory, the epidemic in Shanghai affects not only SAIC-Volkswagen, but also China's automobile industry. The supply of components such as superimposed chips and wire harness is still insufficient, and there is great pressure on the industrial chain in the short term.
However, with the effective containment of the epidemic, the release of lagging production capacity and consumer demand, and the stimulation of the traditional policy of halving the purchase tax on fuel vehicles, the domestic passenger car market has increased significantly, and the production and sales of a number of car companies have rebounded since June. Data show that SAIC-Volkswagen sales fell 20.54 per cent to 87400 vehicles in May from a year earlier, rising 93.90 per cent to 126000 vehicles in June. Cumulative annual sales have fallen, up 7.94 per cent year-on-year, and 85.17 per cent to 129600 vehicles in July. Cumulative annual sales rose 16.91 per cent year-on-year.
By the end of July, SAIC-Volkswagen had launched three new cars, namely, the new Varan, the new Lingdu L and the new Langyi. On March 13, SAIC-Volkswagen Xinwei was officially launched, with a total of five models, with a price range of 28.68-399800 yuan. On March 31, SAIC-Volkswagen's new Lingdu L was officially launched, with a total of four models with a price range of 14.99-189900 yuan. The new car is based on the Volkswagen MQB Evo platform, with a new appearance, interior, and lengthened on the basis of the current model, with a 1.4T engine on the power side. On June 23, SAIC-Volkswagen Xinlangyi officially launched. The new car offers 1.5L, 1.2T and 1.4T powertrain with a total of 6 models, with a price range of 12.09yuan to 150900 yuan. As a medium-term revamped model, the new Lang Yi offers two designs: the ordinary version and the Star version. Among them, the front face of the starry version uses a dot matrix intake grille, which is the same as the Passat Star version. At the same time, the car adds imitation air intake shape on both sides of the front bumper, and is equipped with sports rims and a small spoiler in the back car, and many details of the car body are also blackened.
As we all know, SAIC Volkswagen has Audi, Volkswagen, Skoda three major brands, respectively layout luxury, mainstream, middle and low-end market, but except for the Volkswagen brand, the performance of the other two brands are not optimistic. According to the insurance figures, SAIC Audi sold a total of 1892 vehicles in the first half of the year, including the A7L and Q5 e-tron. The first fuel SUV Audi Q6 began pre-sale on July 24, with a pre-sale of 50-650000 yuan. As for SAIC Skoda, first-half sales fell 62.99 per cent year-on-year to 23537 vehicles, with a market share of just 0.2 per cent.
From the group level, SAIC Volkswagen, as the profit cow of SAIC Group, is much higher than SAIC GM and SAIC GM Wuling, so the sales volume will directly affect the profit performance of the group. According to SAIC's annual report, the net profit of SAIC belonging to shareholders of listed companies in 2021 was 24.533 billion yuan, an increase of 20.08% over the same period last year. Among them, the net profit of SAIC-Volkswagen was 10.186 billion yuan, down 34.24% from the same period last year.
For other brands, SAIC GM sales rose 27.81 per cent to 115100 vehicles in July, while cumulative sales from January to July fell 7.45 per cent year-on-year to 621800 vehicles. Compared with the joint venture brand, SAIC's independent plate is growing steadily. Among them, SAIC passenger vehicles increased by 29.37% year-on-year to 349400, while SAIC GM Wuling fell 0.56% to 767100. In addition, SAIC's first-month sales of new energy vehicles rose 44.89 per cent year-on-year to 498300. Although the joint venture sector is still the source of profits for SAIC, the group has begun to develop its own sector.
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