Geely Automobile Holdings has announced that the total sales volume of the Group (including the sales volume of Lynk & Co branded vehicles sold by the Group's 50% owned joint venture) for the month of May 2019 was 90,309 units, a decrease of approximately 27% from the same period last year and down approximately 13% from April 2019 as the group continued to reduce aggregate inventories of its dealers.
The company said the corresponding retail sale volume, however, recorded a steady year on year and month on month growth during the same period, reflecting an improvement in end market demand for the group's products. Of the total sales volume in May 2019, 10,155 units were new energy vehicles (NEVs). The group's exports volume was up more than two-fold year on year to 5,498 units in the month of May 2019.
Go deeper with GlobalData
During the month of May 2019, the Group's total sales volume in the China market was 84,811 units, a decrease of around 30% from the same period last year. The total sales volume in the first five months of 2019 was 560,805 units, a decrease of approximately 12% from the same period last year, and achieving 37% of the group's full-year sales volume target of 1,510,000 units in 2019.
A spokesman of Geely Automobile said: "During the month of May 2019, the sales volume s of "New Emgrand" and "Vision" sedan were 16,223 units and 5,027 units, respectively. The sales volume of "Bo Yue" was 13,527 units. The sales volume of "Emgrand GS," its crossover SUV model, was 5450 units. The sales volume of "Emgrand GL," its A+ segment sedan model, was 5,046 units. The sales volume of "Vision SUV" was 4,386 units. The sales volume of the latest sedan model "Bin Rui" was 5,035 units. The sales volume of the latest SUV model "Bin Yue" was 10,059 units. The sales volume of the first MPV model "Jia Ji" was 164 units. The sales volume of the first high end pure electric sedan model "Geometry A" was 1,375 units."
During the month of May 2019, Geely launched its new crossover SUV model "Xing Yue". A total of 1109 units of "Xing Yue" were sold during the period.
Amongst the NEVs sold, the best selling models were "Emgrand EV", "Jia Ji MHEV" and "Geometry A" in the month of May 2019, which together accounted for around 70% of the total sales volume of NEVs.
During the month of May 2019, the sales volumes of "Lynk & Co 01", "Lynk & Co 02" and "Lynk & Co 03" were 4,104 units, 2,040 units and 3,046 units, respectively.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
