AutoBeta(AutoBeta.net)09/14 Report--

According to the latest figures from the China Automobile Association, car sales in China totaled 1.958 million in August 2019, down 6.9 per cent from the same period last year. Of this total, passenger car sales were 1.653 million, down 7.7 per cent from the same period last year. Although the sharp decline in the industry as a whole has changed, the pressure it is facing has not been effectively alleviated.

SAIC Group

According to the latest sales figures released by SAIC recently, SAIC sold 486900 vehicles in August, down 7.87% from a year earlier.

From January to August this year, sales of many subsidiaries of SAIC Group declined, with the joint venture sector declining most obviously. SAIC-Volkswagen, SAIC-GM and SAIC-GM Wuling fell by 8.54%, 13.77% and 26.05% respectively, which was significantly lower than that in the same period last year. In terms of monthly sales in August, the three joint ventures have not yet picked up, and their performance is lower than that of August last year.

However, it is worth noting that the performance of overseas companies is good, including SAIC GM Wuling Indonesia Co., Ltd. in August sales of 1849 vehicles, January-August cumulative sales of 11808 vehicles, a year-on-year increase of 107.23%; Mingjue Motor India Co., Ltd. sold 2412 vehicles in August.

Dongfeng Automobile Group

In August, Dongfeng Group's overall sales reached 281900, up 3.97% from the same period last year, 237400 passenger vehicles, up 2.25% from the same period last year, and 44500 commercial vehicles, up 14.25% from the same period last year. Specifically, Dongfeng independent brand passenger car sales were 41400, up 5.08% from the same period last year, Dongfeng joint venture brand passenger car sales were 196000, up 1.67% from the same period last year, and Dongfeng brand commercial vehicle sales were 44500, up 14.25% from the same period last year. Dongfeng Group's sales rose against the trend in August, and Dongfeng Group was not much affected by the policy adjustment in June, and its sales increased steadily.

In terms of cumulative sales, as of August, Dongfeng Group's cumulative sales exceeded the 2 million mark and reached 2.2476 million vehicles, while Dongfeng Motor's sales target for 2019 was 4 million, which has been completed by 56%. It is not easy for Dongfeng Motor to achieve its goal.

GAC GROUP

From January to August this year, GAC GROUP accumulated terminal sales of 1.3408 million vehicles, an increase of 3.74% over the same period last year, achieving a steady increase.

Specifically, the Japanese system "Shuangtian" is still the mainstay of its sales. Of this total, Guangzhou Auto Honda sold 56000 vehicles in August and 502800 from January to August, up 11.5 per cent from a year earlier. Guangzhou Auto Toyota sold 58900 vehicles at its terminals in August, up 11% from a year earlier. GAC-Mitsubishi's terminal sales from January to August were 87900, up 1.64 per cent from a year earlier.

It is worth mentioning that GAC GROUP new energy vehicles continue to grow. Among them, GAC NE sold 3816 vehicles in August, up 170% from January to August, up 100% from January to August, and continued to maintain the growth trend.

Geely car

Geely released sales figures for August 2019. Data show that Geely sold a total of 100000 vehicles (including Lecker) in August, down about 19% from a year earlier. Of this total, overseas exports were 3208, an increase of 26% over the same period last year. Although the overall decline, but in the overall downturn in the car market, it is not easy to break through 100000 vehicles.

Geely sold a total of 844300 vehicles from January to August, down about 17 per cent from the same period last year and achieving 62 per cent of its annual target of 1.36 million. It is worth mentioning that Geely sold nearly 70,000 new energy and electrified models from January to August, an increase of 110% over the same period last year. A total of 7897 related vehicles were sold in August, of which the best-selling models Dihao EV, Jiaji MHEV, Xingyue MHEV and Geometry An accounted for about 73 per cent.

Great Wall Motor

Great Wall Motor released the latest production and sales figures of KuaiBao, which showed that Great Wall Motor sold a total of 70200 new cars in August, an increase of 9.52% over the same period last year. From January to August, the cumulative sales of Great Wall exceeded 620000 vehicles, reaching 52 per cent of the annual sales target of 1.2 million vehicles in 2019.

In terms of brands, Harvard sold a total of 50, 000 new cars, up 17.04% from January to August, up 9.98% from January to August, up 9.98% from January to August, and 61134 from January to August. However, both monthly and cumulative sales fell year-on-year; the Euler brand sold 1225 vehicles in August, but down from July, and cumulative sales reached 30309 from January to August.

Changan Automobile

Changan Automobile sold 125000 vehicles in August, down 5.2 per cent from a year earlier. Total sales from January to August were 1.066 million, down about 25.5 per cent from a year earlier. Among them, 1449 new energy vehicles were sold, with a cumulative sales of more than 28000 this year.

In terms of brands, the Changan brand sold 57227 vehicles in August, up 7.81% from the same period last year to 505180 vehicles from January to August, down 20.9% from the same period last year. Changan Ford and Changan Mazda sold 14768 and 10295 vehicles respectively in August, down 38.3 per cent and 20.4 per cent respectively compared with the same period last year.

Chery Automobile

In August, Chery sold 65200 cars, up 5.4 per cent from a year earlier. Of this total, sales of self-branded models were 52000, up 3.8 per cent from the same period last year.

In terms of specific products, Ruihu series SUV sold 21081 vehicles, of which 10340 were sold in the new generation of Ruihu 8, an increase of 43.9% over the same period last year. Ruihu 5x sold 6320 vehicles, up 57.1% from a year earlier. Erize series car sales of 8712, of which, the new Arize 5 sales of 4600, Arize GX sales of 4112.

BYD

BYD sold 36000 new cars in August, down 13.95% from a year earlier. BYD's cumulative sales from January to August were nearly 300000, down 2.83% from a year earlier. 45.39% of the annual sales target of 650000 vehicles in 2019 has been achieved.

Among them, a total of 11005 pure electric passenger cars were sold in August, up 12.3% from January to August, up 178.15% over the same period last year. Plug-in hybrid passenger vehicles sold a total of 5095 in August, down 53.9% from January to August, down 17.42% from the same period last year. The weak performance of the plug-in sector became the main factor affecting BYD's decline in new energy sales that month.

BAIC new energy

Beijing New Energy Automobile Co., Ltd., a subsidiary, sold 10700 vehicles in August, up 12.84 percent from a year earlier, but still decreased 14.42 percent from July, and the overall growth rate slowed down. In terms of cumulative sales, BAIC sold 88400 vehicles from January to August, up 26.03 percent from a year earlier, BAIC Langu announced on the evening of September 9.

Jianghuai passenger car

Jianghuai sold a total of 26300 new cars in August, down 28.16% from January to August, down 11.54% from January to August.

Jiangling Motors

Jiangling produced 22676 vehicles in August, up 25 per cent from a year earlier, while sales rose 16.35 per cent to 22000. However, if subdivided into various sectors, Ford brand SUV sales, which surged 695.12% year on year in a single month, became the biggest bright spot.

However, leaving aside the Ford brand SUV, the cumulative sales of all remaining sectors have declined to varying degrees, which also led to a 715.91% increase in cumulative sales of the Ford brand SUV, which still failed to recover the negative growth trend of Jiangling Motor. Among them, the decline of Jiangling independent passenger car brand Yusheng SUV is obvious, both the single-month sales and the cumulative year-on-year decline are about 80%.

Seahorse car

Haima produced 1688 vehicles in August, down 73.65 per cent from the same month last year; sales were 1560, down 73.96 per cent from the same period last year.

Affected by this news, the share price of Haima Motors fluctuated slightly. ST seahorse shares fell from a high of 1.85 yuan to 1.79 yuan after the opening of trading on Sept. 5. So far, ST seahorse shares are down 1.8 per cent at 1.80 yuan.

From the perspective of specific models, the sales of seahorse basic passenger cars (sedans), SUV and MPV declined in an all-round way compared with the same period last year. Of these, SUV sales were 1494, down 71.48% from the same period last year; 66 were down 63.93% from the same period last year; 10 basic passenger cars were produced, with zero sales, down 100% from the same period last year.

In addition, the net profit of Haima Motor in 2017 and 2018 is-994 million and-1.64 billion respectively, with a cumulative loss of 2.631 billion yuan over the past two years, according to the financial report of Haima Motor.

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