SAIC-GM-Wuling February Sales Drop 21.44% Amid Policy and Market Pressures

In February 2026, SAIC-GM-Wuling sold 100,552 vehicles, a year-on-year decline of 21.44%, which exceeded the overall decline of SAIC Motor Corporation. The automotive market was in its traditional off-season due to the Chinese New Year holiday and the transition of new energy vehicle (NEV) purchase tax policies, leading most automakers to experience lower sales—a normal fluctuation under these circumstances. However, attention should be paid to the potential impact of adjustments to NEV subsidy policies in 2026 on key models such as the Wuling Hongguang MINIEV. Additionally, the Wuling Hongguang series faces pressures from stricter logistics industry compliance requirements and tighter regulations on fuel-powered commercial vans. As SAIC Motor’s top-selling subsidiary, SAIC-GM-Wuling urgently needs to address these multifaceted challenges to maintain its market position.