Changan Sold 1 Million+ Units in China for 4th Year in a Row

The annual sales of Changan Group and its self-owned Changan brand amounted to 1,499,747 units, in 2018 exceeding 1 million units for the fourth year in a row. The cumulative sales of the CS55 SUV skyrocketed 107.2% to 165,102 units. Besides, the yearly sales of the CS75 Series and the CS35 Series reached 140,066 units and 131,417 units respectively.

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As for the performance of sedans, the sales of the EADO Series aggressively climbed 35.8% compared to the previous year to 125,715 units in 2018. A total of 86,832 NEVs (new energy vehicles) were sold by the group, among which the sales in December 2018 were 21,204 units.

However the group saw its full-year sales in 2018 slid 25.6% from the previous year to 2,137,785 units. Meanwhile, it faced a year-on-year (YoY) slump of 44.3% with 158,136 vehicles sold in December, according to Changan’s sales report. Particularly Changan Ford, the major force among joint ventures, should see its sales in 2018 nearly halved over the previous year.

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According to Changan Automobile’s Q3 financial report, the automaker earned RMB 49.852 billion in operation revenues for first nine months last year with a YoY decline of 3.07%. The January-September net profits attributable to parent company tumbled 79.98% to RMB 1.163 billion. The company said the profit loss should be ascribed to the overall downturn of domestic automotive market and the sales decline of joint-venture-made vehicles that led to a sharp decrease in investment income.

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