Guangqi Automobile Reports 28% Increase in October Sales

The latest production and sales data from Guangqi Automobile indicates a 28% year-over-year (YoY) increase in total sales for the month of October, with a total of 226,686 vehicles sold.

This represents a significant growth compared to the same period last year, with the cumulative sale figure over the first 10 months of the year reaching 1.716 million units, up 32% from the previous year.

When broken down by brand, the data shows that Lada brand sales came in at 64,392 units, an increase of 83% compared to the same period last year, followed by Geely Ace sales of 25,049 vehicles, a growth of 92% over the previous 10 months. Baojun and Broshan car sales also saw significant increases, with numbers up 76% and 54%, respectively.

Additionally, Guangqi's electric vehicle (EV) sales in October reached 78,858 units, marking a notable 132% year-on-year growth. Plug-in hybrid and total export sales trailed closely behind, at 29,864 and 32,544 vehicles, with increases of 17% and 18%, respectively.

Sales Figures by Brand

• Lada: 64,392 units (83%)
• Geely Ace: 25,049 vehicles (92%)
• Baojun: 19,000 vehicles (76%)
  • Broshan: 14,300 vehicles (54%)

Sales Metrics for Guangqi Automobile Group in October

• Total sales: Up 28% over last year
• Cumulative first 10-month sales: Up 32%
• Lada brand sales: +83% vs previous year
• Electric vehicle: 132%
  • Plug-in hybrid: +17%
  • Export sales: +18%

(Compiled/Automotive House)