Changan Automobile Reports 10.63% Drop in August Sales
Beijing (Gasgoo)- Chinese automaker Changan Automobile announced on September 5 it sold 187,117 vehicles in August this year, which dropped 10.63% from a year ago.
In the first eight months of this year, Changan Automobile’s cumulative sales volume stood at 1,691,799 vehicles, rising 3.61% year over year. Among the vehicles sold in the period, 1,411,890 units were under its wholly-owned brands, with 1,031,590 units being passenger cars.
DEEPAL lineup; photo credit: DEEPAL
Notably, year-to-date sales of new energy vehicles (NEV) under Changan Automobile’s wholly owned brands surged 53.8% from that of a year ago to 393,235 vehicles by end of August.
In the first eight months of 2024, Changan Automobile’s wholly-owned brands exported 257,172 vehicles to overseas markets, which leapt 66.4% year over year.
As to Changan Automobile’s joint ventures, Changan Ford sold 19,803 vehicles in August 2024, representing a 10.08% dip year-on-year. Its other joint venture, Changan Mazda, saw its monthly sales plummet 45.41% from the previous year to 4,331 vehicles.
Changan Automobile has been a key player in the Chinese automotive market, with a strong presence both domestically and internationally. Despite a slight dip in sales for August, the company has shown resilience with a steady year-over-year growth in cumulative sales volume. The focus on new energy vehicles has also paid off, with a significant increase in sales in this segment.
The company’s joint ventures, Changan Ford and Changan Mazda, have faced some challenges in the recent months with a decrease in sales figures. However, with strategic planning and market adjustments, these partnerships can bounce back and contribute to Changan Automobile’s overall success.
With a strong foundation in place and a commitment to innovation, Changan Automobile is poised for continued growth and success in the automotive industry. As they navigate through market fluctuations and changing consumer preferences, the company’s adaptability and strategic vision will be key in maintaining their position as a leading automaker in China and beyond.
