GAC expects annual sales of around 2.044 million units

IIA was informed that according to the expected completion of the GAC Group’s 2020 business plan, GAC’s monthly sales have maintained a continuous growth of more than 10% year-on-year since July. The production and sales of vehicles for the whole year are expected to be approximately 2.026 million and 2.044 million, respectively. 0.1% and a decrease of about 0.8%.

At the same time, according to GAC's 2021 business plan, based on the completion of production and sales in 2020, GAC Group will challenge the goal of annual car sales growth of 10% year-on-year in 2021. Throughout the year, the independent brand plans to launch two new models, one renewal model and a number of facelift models.

In terms of specific monthly sales, July increased by 16.38% year-on-year, 11.64% in August, 15.59% in September, 21.53% in October, and 11.38% in November. From January to November this year, the cumulative sales of GAC Group reached 1.835 million units of vehicles. In addition, according to analysis, the sales growth of GAC Group has benefited from GAC Honda and GAC Toyota. Since July, GAC Honda's growth rate has been above 20%, and GAC Toyota's growth rate has remained above 10%.