Recently, some car companies have announced sales in October. Jin Jiuyin and Shiyin are the months when businesses are fully committed. After the announcement of sales in October, the profitability of each company this year can be roughly calculated.
Did the cows that were blown at the beginning of the year (sales goals) fulfilled? What car companies have earned enough money? We will inventory for you one by one.
Great Wall Motor:
Data : In October 2017, Great Wall Motor sold a total of 108,008 vehicles, an increase of 3.02% year-on-year. From January to October, a total of 813,514 vehicles were sold, a year-on-year increase of 2.35%.
Analysis : As the backbone of Great Wall Motor sales, Haval SUV contributed a total of 81,653 vehicles in October, while the new brand “WEY†has also boosted sales growth – after sales surpassed the 10,000 mark in September. In October, it sold another 16,167 vehicles, an increase of 34.6%.
Goal : In 2016, Great Wall Motor sold 1.074 million vehicles, exceeding the sales target of 950,000 vehicles, becoming the first privately owned brand with annual sales of over one million. Great Wall Motor immediately set a sales target of 1.25 million units for the whole year of 2017. As of today, Great Wall Motor still has a gap of 436,000 units from its sales target. Great Wall Motors still needs to work hard to achieve target sales.
Geely Automobile:
Data : In October 2017, Geely Automobile sold a total of 125,118 vehicles, an increase of 30.1% year-on-year. From January to October, the cumulative sales volume was 952,226 units, an increase of 72% year-on-year.
Analysis : Bo Yue and New Di Hao sold 30,138 vehicles and 27,033 vehicles respectively in October. Both models sold 200,000 units in the first 10 months of 2017, becoming the “dual engine†that drives Geely’s sales. In addition, this year Geely will also launch high-end brand lead, which also means that Geely formally test the high-end market, the standard "WEY", in the outside world this will also pull Geely this year's sales.
Target : The cumulative sales volume of Geely Automobile in the first half of 2017 was 530,627 units, an increase of approximately 89% over the same period of last year. Based on its excellent performance in the first half of the year, Geely Automobile announced that it will increase its full-year target for 2017, which will result in a 1 million increase in the 1 million vehicles it has previously adjusted to 1.1 million units. At present, Geely Automobile has completed 87% of its 1.1 million sales target. In the next two months, Geely Automobile sold 150,000 vehicles to complete the target, and the company will soon be listed. It is widely expected that Geely Automobile will overachieve its tasks.
Jianghuai passenger car:
Data : October sales of JAC passenger vehicles were 20,792, a decrease of 38% year-on-year. From January to October, Jianghuai Passenger Vehicles sold a total of 182,193 new vehicles, a decrease of 38.9% year-on-year.
Analysis : Data show that MPV and sedan products sold 6,844 vehicles and 3,353 vehicles, respectively, an increase of 19.6% and 54.4% year-on-year, but SUV models sold 10,595 vehicles, down 59.1% year-on-year, which was the main reason for the decline in overall sales.
Goal : In 2016, JAC’s cumulative sales exceeded 370,000 units, exceeding the annual sales target, which gave Jianghuai tremendous confidence. They also targeted the 2017 target at 400,000 vehicles. However, until the year of closure, JAC has only completed With 45.5% of the target, it is almost hopeless to accomplish the intended goal. Jianghuai Automobile Group Co., Ltd.
The company announced its financial statements for the first three quarters of the year, and net profit for the January-September period was RMB 218 million, a year-on-year drop of 73.24%. According to Jianghuai officials, the main reason for the decline in profits is the decline in sales of passenger cars and new energy subsidy policies.
Changan Automobile:
Data : Changan Automobile Group sold 263,100 units in October, a year-on-year decrease of 10.49%. Among them, the sales volume of the Chang'an brand was 145,400, an increase of 2% from the previous month, and the number of passenger cars of the Chang'an brand was 109,100, a year-on-year increase of 5%. From January to September, the company's cumulative production and sales were 2,255,717 and 2,321,900, respectively, down 7.01% and 6.8% year-on-year respectively.
Among them, CS35, CS55, CS75 three models sold 10 million in October, including CS35 sales rose 18.98%, while the CS75 highest sales reached 25,486 units, CS series of products is currently the backbone of Changan autonomous passenger car, three models The sales of SUVs have reached nearly 60% of the total number of autonomous passenger vehicles.
Objectives : In December 2016, Changan Automobile had publicly stated that the target of Changan Automobile sales in 2017 is to advance to 3.1 million units. The data released so far shows that the total sales of Changan Automobile was 2.578 million units in January-October, which was a difference of 516,000 from the target. Vehicles, the two-month Changan car that needs to be sold will require 260,000 units to be sold every month.
Chang'an Ford sold sales of 82,300 vehicles in October. In 2017, it has sold 655,766 units.
Target : In 2016, Changan Ford sold 957,495 vehicles, an increase of 14% year-on-year. In 2017 Chang Anfu specified a goal of selling millions, but currently only 65% ​​of the target has been achieved.
Changan Mazda : October sales were 18,500. Accumulated sales in 2017 were 154,969 units.
Goal: Chang'an Mazda's sales target for 2017 is 300,000 units, currently 52% completed
SAIC:
Data : In October 2017, SAIC Motor Group sold 657,000 vehicles, a year-on-year increase of 6%. From January to October, the cumulative sales volume was 5.479 million units, an increase of 7.41% year-on-year.
Analysis : With the sales of its Cadillac, Chevrolet, Buick, and the launch of the new GL6 and other models, Shanghai GM's sales in October increased significantly, surpassing SAIC-Volkswagen as SAIC's October sales champion. Although SAIC Volkswagen's sale in October gave way to SAIC GM, it still leads the sales volume accumulated in the year. Wuling Wuling
From January to October, cumulative sales reached 1.6807 million units, ranking the first place in sales of SAIC Motor in 2017. In terms of self-owned brands, sales of SAIC Passenger Vehicles reached 51,600 units in October, a year-on-year increase of 28.26%, a year-on-year increase of 3.16%, and a new record high.
Dongfeng Motor:
Data : In October 2017, Dongfeng Motor Company sold more than 400,000 new vehicles. Among them, Dongfeng own brand sold 138,000 new cars, an increase of 9.83% year-on-year, accounting for 34% of the total monthly sales.
Dongfeng Qichen :
In October, terminal sales totaled 12,666 units, which was a 5.0% increase from the previous period and a year-on-year increase of 2.5%; from January to October, the cumulative sales volume reached 106,145 units, a year-on-year increase of 12.9%.
Goal: The annual sales target for 2017 is locked at 178,800 units, currently 59%.
Dongfeng Nissan Motor Co., Ltd. sold a total of 112,500 vehicles in October, a year-on-year increase of 12.6%, and completed 865,090 vehicles in the first 10 months.
Target: Dongfeng Nissan will challenge the sales target of 1.08 million units in 2017 and it has now completed 80.1%. To achieve sales volume in the remaining two months, Dongfeng Nissan needs to maintain an average monthly sales volume of more than 107,500 vehicles. Currently, it seems that Dongfeng Nissan Expect to finish ahead of schedule.
Dongfeng Honda : In October, retail sales exceeded 64,200 units. In the first 10 months of this year, Dongfeng Honda sold a total of 581,200 units, an increase of 26.5% year-on-year.
Target: Dongfeng Honda plans to sell 650,000 units in early 2017. After accumulated terminal sales reached 313,300 units in the first half of the year, Dongfeng Honda plans to adjust its target to 680,000 units. 85% of the target has been completed
Other joint venture brands:
FAW Toyota Motor Co., Ltd. sold 56,000 units in a single month in October, a year-on-year increase of 14%, and accumulated sales of nearly 583,000 vehicles in the first ten months of this year.
Target: FAW Toyota will challenge 700,000 sales targets in 2017. The company has completed 83% of its annual sales target and is expected to complete its annual sales target in advance.
FAW Mazda : October sales reached 10,783 units in a single month, an increase of 4.6% year-on-year. From January to October, 99,477 vehicles were sold, an increase of 48.4% year-on-year.
Objective: According to official announcements, FAW Mazda will challenge the annual sales target of 120,000 vehicles. 82.9% of the annual sales target has been completed.
FAW-Volkswagen: FAW-Volkswagen sold 133,000 new cars in October, an increase of 8.4% year-on-year, and sales from January to October totaled 1.112 million, an increase of 5.9% year-on-year.
Objectives: In 2017, FAW-Volkswagen’s sales target is 1.405 million units, and the target amount has been completed at 79.1%.
Guangzhou Automobile Toyota:
In October, retail sales reached 42,672 units, an increase of 10.3% over the same period of last year, and GAC Toyota’s cumulative sales for the first 10 months totaled 375,598 units, an increase of 4.0% year-on-year.
Target: GAC Toyota's sales target for 2017 is 435,000 vehicles, and 86% of the target has been completed.
Guangqi Honda:
In October, terminal sales reached 70,263 units. From January to October, a total of 579,500 units were sold, an increase of 9.6% year-on-year. From January to October, the sales of GAC Honda Terminal totaled 579,576 units, which was a year-on-year increase of 9.65% compared to 528,565 units in the same period of 2016
Goal: Target sales of Guangzhou Automobile Honda Motor Co., Ltd. in 2017 will be 690,000 vehicles. Currently, 84% of the target has been achieved.
Guangzhou Automobile Mitsubishi:
Sales reached 12,730 units in October, up 99% year-on-year. From January to October, Guanghua Mitsubishi’s cumulative sales volume was 91,051 units, an increase of 129% year-on-year.
Goal: The sales target for GAC Mitsubishi in 2017 is 100,000 vehicles, which is currently 91%.
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