According to the latest data released by SAIC, in September 2024, the monthly retail sales volume of SAIC was 110,000 units. Compared with the same period of last year, the monthly retail sales of SAIC-GM-Wuling declined by 18.52%, almost by 20%. Obviously, in September 2024, the monthly retail sales of SAIC-GM-Wuling declined again.
SAIC GM Wuling?
In fact, the latest data released by SAIC shows that since June 2024, the monthly sales of SAIC-GM-Wuling began to show a year-on-year decline.
However, at that time, the year-on-year decline of SAIC-GM-Wuling was relatively low. According to the official data of SAIC, in June 2024, the monthly retail sales of SAIC-GM-Wuling was 107,000 units.
Compared with the same period last year, the sales volume decreased by 4.46%. I think this decline is almost negligible. In July 2024, the monthly sales volume of SAIC-GM-Wuling was 76,000 units.
?Production and marketing express
Compared with the same period of last year, the monthly sales of SAIC-GM-Wuling decreased by 31.72%. Obviously, compared with June, its decline has widened a lot.
In August 2024, the monthly sales volume of SAIC-GM-Wuling was 84,000 units. Compared with the same period of last year, the monthly sales of SAIC-GM-Wuling declined by 30%, and the decline narrowed.
Obviously, from June 2024 to September 2024, the monthly sales volume of SAIC-GM-Wuling has shown a year-on-year decline for four consecutive months.
So, does this mean that the SAIC-GM-Wuling market is cold? I don’t think that can be said from the current market performance.
SAIC GM Wuling?
First, the market competition is fierce, the changes are complicated, and the temporary increase or decline in sales volume are all normal fluctuations in the market.
At present, although the sales volume of SAIC-GM-Wuling has shown a year-on-year decline for four consecutive months, it is not a long-term or sustained decline and can be regarded as a normal market fluctuation.
Second, although the monthly sales volume of SAIC-GM-Wuling declined for four consecutive months year-on-year, its sales decline showed a trend of continuous narrowing.
According to the official data released by SAIC Motor, in August 2024, the year-on-year decline of SAIC-GM-Wuling was 30%. Compared with July, the decline narrowed.
SAIC GM Wuling?
In September 2024, the year-on-year decline of SAIC-GM-Wuling was 18.52%. Compared with August, the year-on-year decline further narrowed sharply.
Cheyu World believes that from this perspective, the market situation of SAIC-GM-Wuling is "improving" or "climbing".
Therefore, from this perspective, we can’t say that the SAIC-GM-Wuling market is cold, or that it has suffered a market crash.
SAIC GM Wuling??
Third, from January to September, the cumulative sales volume of SAIC-GM-Wuling was basically the same as last year. Moreover, from the perspective of sales volume, SAIC-GM-Wuling is still a well-deserved mainstream car company in China.
According to official data released by SAIC, from January to September 2024, the cumulative sales volume of SAIC-GM-Wuling was 840,009 units.
Compared with the same period last year, although its sales volume declined, the decline was only 5.23%. In my opinion, in today’s China auto market, this decline is negligible.
Moreover, in terms of sales volume, from January to September 2024, the average monthly sales volume of SAIC-GM-Wuling exceeded 90,000 units. Looking at today’s China auto market, this sales data is wonderful.
SAIC GM Wuling??
Considering the above factors, I think that although the official data released by SAIC shows that as of September 2024, the monthly sales of SAIC-GM-Wuling have been declining for four consecutive months, it is not surprising, nor can it be asserted that its market is cold.
It can only be said that fierce market competition has put it under certain pressure, which has led to certain fluctuations in sales. However, this is also a normal market fluctuation.
Fortunately, from the perspective of decline, in September 2024, the year-on-year decline of SAIC-GM-Wuling once again showed a narrowing trend.
?SAIC GM Wuling?
Here, we hope that the sales of SAIC-GM-Wuling in the domestic auto market will continue to climb and achieve more outstanding sales results.
Finally, the sales data involved in this paper come from the official data released by SAIC. It may be due to the difference in statistical methods, which is different from the data released by the Federation in the same period. According to the data released by the Federation, in September 2024, the retail sales data of SAIC-GM-Wuling increased year-on-year.
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