SMM5, May 8: may 7, Shanghai Automotive Group Co., Ltd. released the April 2020 production and sales report showed that the month's production of 402800 vehicles, down 11.7% from the same period last year; sales (wholesale sales) 417600 vehicles, down 8.6% from the same period last year, an increase of 80.4% from the previous month, compared with February and March, the decline in sales has been significantly narrowed from the same period last year.
It is worth noting that SAIC retail sales figures are better than wholesale sales. SAIC's total retail sales in April were 432500, up 0.5 per cent from a year earlier. Of these, domestic retail sales totaled 413000 vehicles, up 1.3 percent from the same period last year, while overseas and exports achieved wholesale sales of 26385 vehicles in April, an increase of 0.7 percent over the same period last year. Sales reached 93000 from January to April, up 4 per cent from a year earlier. SAIC recovered quickly after the outbreak.
The impact of the epidemic gradually weakened, the introduction of stimulus policies, the release of cumulative demand in the first quarter of 2020 and other factors, superimposed on the company to increase marketing efforts, the group sales significantly warmed up in April.
