AutoBeta(AutoBeta.net)06/12 Report--

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Today, Changan Automobile Group released its May sales data and results. Data show that Changan Automobile Group sold 113497 vehicles in May, down 34.7% from a year earlier. Changan Automobile Group sold 683553 vehicles from January to May, down 32.9% from a year earlier. Although the overall car market was not as expected this year, monthly sales fell 34.7% year-on-year, almost the biggest decline among Chinese automobile groups.

Changan Automobile Group's business sectors also released sales figures, Changan Ford sold 7418 vehicles in May, down 76.6% from January to May, down 70.3% from January to May, down 70.3%. Changan Mazda sold 9522 vehicles in May, down 39.6% from January to May to 51517 vehicles, down 34.1% from the same period last year.

It is worth mentioning that in addition to facing a cliff-style decline in sales, Changan Ford received a huge fine of 162.8 million yuan from the State Administration of Market Supervision and Administration earlier this month for violating the anti-monopoly law.

Changan Ford Motor Co., Ltd. made an official response on the same day: it made it clear that it fully respected and resolutely implemented the penalty decision made by the relevant state departments on the antitrust investigation, and said that it had taken action with dealers to standardize regional sales management.

Changan Automobile Group said in the announcement that Changan Ford's retail sales in May was 19027 vehicles, which means that Changan Ford mainly cleared inventory in May. Data from other sources show that Changan Ford's inventory index fell below 2.4 in May from 2.9 before. Whether Changan Ford's sales can rebound in time after clearing inventory will become a decisive factor in the overall sales improvement of Changan Automobile Group.

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