A few days ago, GAC GROUP released KuaiBao for production and marketing in April 2021. According to the data, in April this year, GAC GROUP produced 193000 cars, up 8.02 percent from the same period last year, 5.8 percent from the same period last year, and 15.7 percent from the same period in 2019. The cumulative output from January to April increased by 51.4 percent over the same period last year, and 5.2 percent over the same period in 2019.
In terms of sales, GAC GROUP sold a total of 187000 cars in April, up 12.5 percent from the same period last year, 7.5 percent from the same period last year, 19.4 percent higher than the same period in 2019, and 684000 vehicles from January to April, up 44.7 percent from the same period last year and 4.9 percent from the same period in 2019.
Photo source: GAC GROUP April production and marketing KuaiBao screenshot
Overall, GAC GROUP's automobile production and sales achieved double growth in April compared with the same period last year and month-on-month, achieving four consecutive months of positive growth since 2021 and ten consecutive months of positive growth since July 2020; the cumulative production and sales data from January to April achieved positive growth compared with the same period in 2019.
In addition to wholesale sales, GAC GROUP also released terminal sales in April, which is more convincing than the former. According to the data, GAC GROUP's terminal sales reached 175000 in April, up 20% from the same period last year, and 4.7% from the same period in 2019. The cumulative terminal sales from January to April were 682000, up 44.6% from the same period last year, and 4.1% over the same period in 2019.
Hatchback comparison shows that there is a difference of 12000 vehicles between GAC GROUP's wholesale volume and terminal sales in April, which will become dealer inventory, while cumulative terminal sales in the first four months are the same as wholesale volume.
Specific to the April sales performance of the group's brands, Japanese "Liangda" is still the leader of GAC GROUP in the joint venture sector, with GAC-Toyota leading the way with monthly sales of 73900 vehicles, an increase of 16.18% over the same period last year. GAC Honda sold 70900 new cars in April, down 1.06% from the same period last year, and GAC-Mitsubishi sold 5600 vehicles in April, up 12.04% from the same period last year. Guangzhou Auto Fick sold 2200 vehicles in April, down 37.99% from the same period last year, making it the only brand in the group with significant decline in April sales.
It is worth noting that Guangzhou Auto Fick produced only 47 vehicles in April, down 99.04% from the same period last year. For this phenomenon, some analysts pointed out that Guangzhou Auto Fick is in a period of product weakness. On the one hand, there are few types of products and the problem of insufficient coverage is prominent, on the other hand, the Jeep free light and the new guide do not change much after the medium-term change, and the market performance is not as good as expected.
Compared with the polarization of the April sales performance of the joint venture brand, GAC GROUP's two independent brands, GAC Ean and GAC MOTOR, have both outstanding sales results.
Thanks to the continuous optimization of model structure and brand adjustment strategy, GAC MOTOR sold 25739 vehicles in April, an increase of 40.5% over the same period last year. Sales have been growing for 10 consecutive months compared with the same period last year. From January to April, a total of 99998 cars were sold, an increase of 37.4% over the same period last year.
GAC Ean sold 8309 cars in April, up 110.4% from a year earlier; this year's cumulative sales reached 25985, an increase of 117.4% over the same period last year. AION Y, which was officially launched at the Shanghai Auto Show a few days ago, has sold 2000 vehicles in just half a month.
Some analysts pointed out that the continuous hot sales of the main models of GAC GROUP's independent brand and the outbreak of new products reflect the increasing recognition of its independent brand by the market, which mainly benefits from the support of high R & D investment in the early stage of the independent plate. the product reserve is rich and the new products are highly competitive. The analyst further pointed out that the profitability of GAC GROUP's independent sector is expected to improve substantially driven by new products.
In addition, Anxin Securities released a research report saying that GAC GROUP had excellent sales data in April and made great progress independently, and the sales performance in May is expected to continue to rise.
