The sales target of Guangzhou Automobile Group's “high-profile†has made many car companies look at the eyes, but they have encountered a bad year.
Yesterday, Guangzhou Automobile Group announced the production and sales report in January 2019. Express data shows that in January, Guangzhou Automobile Group's total vehicle production totaled 182,300 units, down 2.2% year-on-year; total sales volume reached 209,700 units, down 0.21% year-on-year.
Not only that, the Changjiang Business Daily reporter found that the Guangzhou Automobile Group's seven major car companies, only Guangzhou Automobile Honda and GAC Toyota two Japanese joint-venture car sales in January, while the other fell.
At the end of 2018, GAC Group made an effort to challenge the goal of increasing vehicle sales by more than 8% year-on-year. Some insiders told the Changjiang Business Daily that the Guangzhou Automobile Group's 2019 target needs to rely on the joint venture Japanese brand, and it is difficult.
Sales of its five car companies fell more than 20%
Yesterday, Guangzhou Automobile Group announced the production and sales report in January 2019. Express data shows that in January, Guangzhou Automobile Group's total vehicle production totaled 182,300 units, down 2.2% year-on-year; total sales volume reached 209,700 units, down 0.21% year-on-year.
In addition to the growth of sales of its two Japanese joint ventures, Guangqi Honda and GAC Toyota, the other companies have experienced different levels of sales decline. Among them, as a self-developed passenger car segment that Guangzhou Automobile Group has developed rapidly in recent years, Guangzhou Automobile Chuanqi has plunged 44.64%.
Specifically, in January, the sales volume of Guangqi Honda was 73,600 units, an increase of 1.61% year-on-year; the sales volume of Guangzhou Automobile Toyota was 79,700 units, a substantial increase of 74.82%.
Among the seven major automakers of the Guangzhou Automobile Group, in addition to the above two sales growth, the others all fell, and the decline was more than 20%. Among them, Guangzhou Automobile's sales volume was 33,900 units, down 44.64% year-on-year; GAC Fick's sales volume was 9,217 units, down 31.91% year-on-year; GAC Mitsubishi's sales volume was 12,100 units, down 22.84% year-on-year; Honda China's sales volume was 1002 units, year-on-year. It fell 25.5%; Guangqi Hino sold 176 vehicles, down 44.3% year-on-year.
Relying on the Japanese brand to complete the annual goal
Unfavorable start, Guangzhou Automobile Group may not be easy to complete the 2019 target.
Recently, Guangzhou Automobile Group announced that the company's annual auto sales in 2018 is expected to exceed 2.148 million units, an increase of 7.4% year-on-year.
In 2019, the sales growth rate is higher than the actual increase in 2018, and the Guangzhou Automobile Group is called a clean stream in the automotive industry.
Recently, Guangzhou Automobile Group said that it should strive to challenge the target of increasing vehicle sales by more than 8%. This kind of start is very bad for Guangzhou Automobile Group.
Previously, the car observer Xiao Hong told the Changjiang Business Daily that the car sales target was not only confident in the development of the company, but also to give dealers and the market a “representationâ€. “Guangzhou Automobile Group needs to rely on the joint venture to complete the 2019 target. Japanese brands, and there are certain difficulties."
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