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It is worth noting that since the first half of this year, the overall growth rate of the domestic passenger car industry has slowed down, and the "turning point theory" has become the mainstream argument. According to statistics from the China Automobile Association, the passenger vehicle market remained sluggish in May and continued to decline month-on-month, with negative growth for the first time during the year.
According to the data from the Federation of Travelers and Delegates, in the first five months of this year, Shanghai GM sold 507,600 units, and Shanghai Volkswagen, which ranked second, sold 476,280 units. Although Shanghai Volkswagen's June sales data has not yet been announced, from the current perspective, Shanghai Volkswagen needs to sell 135,244 units in June to tie Shanghai GM. In the first five months of this year, Shanghai Volkswagen sold only 100,000 units in January.
According to Shanghai General Motors, the sales target for Shanghai GM in 2011 was 1.15 million units. Currently, sales for half a year have already completed more than half of the annual target. Completing the annual target is no longer a problem. In 2010, Shanghai GM sold 1.039 million units and Shanghai Volkswagen sold 1 million units.
As the domestic auto market entered a sluggish state, the industry began to report that the relevant national authorities are discussing the introduction of new incentive policies for the automotive industry. However, the news has not yet been confirmed. In addition, "Jin 9 Silver Ten" is also favored by many auto makers, and it will also detonate the price war for automakers who have been "frozen" for months, because if they can not sell more in the traditional sales season before and after "11" "Three or five vehicles", for some companies, completing the annual sales target will become an impossible task.
Shanghai General Motors also told the "First Financial Daily" yesterday that in the second half of the year, Shanghai General Motors will also launch a number of new cars, of which the more important are the hybrid version of the new LaCrosse, the new Regal high-performance version of the GS, and the Chevrolet's first model that will be available at the end of the year. Mid-to-high-end car Malibu Meribu, just in May this year, the Chevrolet brand car Ai Wei-Europe's sales are on a ramp-up phase, and in the second half is also expected to contribute some sales to Shanghai GM.
Shanghai GM's steady sales this year have no suspense.
Yesterday, Shanghai GM announced that sales of the three major brands of Buick, Chevrolet and Cadillac of Shanghai GM reached 104,472 units in June. In the first half of this year, a total of 612,072 vehicles (including exports of 12,067 vehicles) were sold, which was a year-on-year increase of 27.5%, and refreshed traditionally. Car sales record for half a year.