GAC Group Reports Strong Sales Growth in March 2024
In a recent announcement, GAC Group revealed its sales figures for March 2024, showcasing a significant increase in vehicle sales. The group sold a total of 173,900 new vehicles during the month, marking a 76.2% month-on-month growth. All subsidiary automakers under the GAC Group reported month-on-month sales growth exceeding 60%. For the first quarter of 2024, GAC Group’s cumulative sales reached 371,100 vehicles.
Brand Performance Highlights
GAC Aion GAC Aion reported a terminal sales figure of 34,082 vehicles in March, representing a 63.4% increase compared to the previous month. The brand continues to gain traction in the electric vehicle market, with its innovative models appealing to a growing number of consumers.
GAC Trumpchi GAC Trumpchi achieved sales of 32,465 vehicles in March, a 76.0% increase from February. The brand made headlines on March 30 with the launch of the Trumpchi Xiangwang S7, which garnered over 10,258 large orders within just 12 hours of its release. Notably, more than 80% of these orders were for the laser radar version, highlighting the model’s advanced technological features.
GAC Toyota GAC Toyota recorded terminal sales of 66,066 vehicles in March, a 19.3% year-on-year increase. The brand’s new model, the Bozhi 3X, which was launched on March 6, has already received over 15,000 large orders. Since March 16, the company has delivered 2,500 units of the Bozhi 3X, indicating strong market demand for this latest offering.
GAC Honda GAC Honda reported sales of 47,930 vehicles in March, a 61.5% increase from the previous month. The brand reached a significant milestone on March 26 with the official opening of its new energy factory. The event also marked the rollout of the brand’s new electric model, the P7, which is expected to further boost GAC Honda’s presence in the electric vehicle segment.
Market Impact and Future Prospects
The impressive sales growth across GAC Group’s brands reflects the company’s strong position in the competitive automotive market. The successful launches of new models such as the Trumpchi Xiangwang S7 and the Bozhi 3X demonstrate GAC Group’s ability to innovate and meet consumer demands. Additionally, the opening of GAC Honda’s new energy factory underscores the group’s commitment to advancing electric vehicle technology.
As the automotive industry continues to evolve, GAC Group’s focus on innovation and sustainability is likely to drive further growth. With a diverse portfolio of brands and a strong emphasis on electric and hybrid vehicles, GAC Group is well-positioned to capitalize on the increasing demand for environmentally friendly transportation solutions.
Conclusion
GAC Group’s March 2024 sales figures highlight the company’s robust performance and strategic growth initiatives. The significant month-on-month increases across all brands, coupled with the successful launch of new models, underscore GAC Group’s ability to adapt to market trends and consumer preferences. As the group continues to expand its electric vehicle offerings and invest in new technologies, it is poised to maintain its leadership in the automotive industry.
