Published on November 8th, 2020 | by Daniel Sherman Fernandez0
Geely Auto Already Sold 140,026 Vehicles In October 2020
Did Proton Help?
Covid-19 and a declining economy around the world and yet Geely Auto has managed to deliver an impressive 140,026 vehicles in October 2020 alone.
This healthy sales figure from Geely Auto, who is part owner of Proton in Malaysia represents an approximately 11 per cent increase from the previous month of September, and more strikingly an 8 per cent rise in sales from the same period last year.
Within the 31 days last month, Geely has managed to deliver 3,556 MPVs, 46,040 sedans and an impressive 90,430 SUVs. Included within this breakdown here is 5,826 ‘new energy or electrified’ vehicles, as well as 21,868 Lynk & Co branded cars.
Continuing on the topic of Lynk & Co, this near 22k cars sold in October incidentally marks the brand’s highest monthly sales volume for the forth consecutive month, and signifies a 56 per cent year-on-year growth for this Geely subsidiary.
Domestic sales in China of 129,495 units accounted for about 92 per cent of the total volume of Geely’s sales in October, which represents a 2 per cent growth from the same period in 2019. Export sales meanwhile stood at 10,531 units in October, a figure that is up more than twofold same time last year.
PRESS RELEASE: Geely Automobile Holding Limited (Group) announced that the total sales volume of the Group (including the sales volume of LYNK & CO-branded vehicles sold by the Group’s 50 per cent-owned joint venture) for the month of October 2020 was 140,026 units, an increase of approximately 8 per cent from the same period last year and up approximately 11 per cent from September 2020.
Of the total sales volume in October 2020, 5,826 units were new energy and electrified vehicles. The Group’s exports volume was up more than twofold year-on-year to 10,531 units in the month of October 2020. During the month of October 2020, the Group’s total sales volume in the China market was 129,495 units, an increase of around 2 per cent from the same period last year. The total sales volume in the first ten months of 2020 was 1,015,498 units, a decrease of approximately 7% from the same period last year, and achieving 77 per cent of the Group’s revised full year sales volume target of 1,320,000 units in 2020.
During the month of October 2020, the total sales volumes of sedans, sport utility vehicles (SUVs) and multi-purpose vehicles (MPVs) were 46,040 units, 90,430 units and 3,556 units, respectively.
During the same period, the total sales volume of LYNK & CO-branded vehicles was 21,868 units, up around 56 per cent year-on-year and breaking the brand’s record high monthly sales volume for the fourth month in a row.