AutoBeta(AutoBeta.net)07/06 Report--

As the largest automobile group in China, SAIC has experienced a decline in production and sales for six consecutive months. According to KuaiBao's production and sales in June, SAIC sold 466500 vehicles in June, down 15.97 per cent from a year earlier, and accumulated sales of 2.9373 million vehicles from January to June this year, down 16.62 per cent from a year earlier.

In the unfavorable situation of the car market, SAIC also fell into a passive situation, and the independent joint venture plate declined almost across the board. Among them, from January to June, SAIC GM Wuling, SAIC Volkswagen, SAIC GM and SAIC passenger vehicles fell 29.19%, 9.94%, 12.91% and 13.18% respectively compared with the same period last year.

SAIC-Volkswagen is a company with domestic sales of more than 2 million vehicles in a row, and it is difficult to continue to reach the same height this year. SAIC-Volkswagen sold 154000 vehicles in June, down 13 per cent from a year earlier, down 9.94 per cent from January to June to 919000 vehicles.

SAIC GM is facing a stall, thanks to a discount to clear inventory, sales have eased. SAIC GM sold 140000 vehicles in June, up slightly from a year earlier, but fell 12.91 per cent to 834000 in the first six months.

The shrinking market of SAIC GM Wuling is getting bigger and bigger, and the decline in sales is also further expanding. Sales in June were 100000, down 36.4% from a year earlier, while cumulative sales in the first six months reached 744700, down 29.19%.

SAIC's independent passenger car brands also faced difficulties, with cumulative sales falling 13.18 per cent year-on-year to 311700 from January to June.

After digesting the five inventory cars internally and in the market, the overall sales volume of SAIC has not improved much. It is worth noting that according to online news, the assembly equipment of SAIC's off-season internal production line was overhauled in early July, and its factories will have a short holiday, including some SAIC parts suppliers.

Under the depression of the car market, Chinese leading enterprises such as SAIC are also under pressure, which confirms that the living environment of domestic car companies will become worse and worse.

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