SAIC Motor Posts Strong January Sales, Wholesale Up 23.9% Year-on-Year
SAIC Motor reported robust January sales, with wholesale volume rising 23.9% to 327,000 units, leading the domestic industry.
327,000 units, up 23.9%
85,000 units, up 39.7%
105,000 units, up 51.7%
What Happened
SAIC Motor released January sales data showing wholesale vehicle sales of 327,000 units, a 23.9% year-on-year increase, and retail sales of 363,000 units. Both figures topped the domestic automotive industry. The company saw particular strength in self-owned brands and new energy vehicles (NEVs).
327,000units
Up 23.9% year-on-year, leading the industry in both wholesale and retail.
Self-owned brands sold 214,000 units, up 39.6% year-on-year, accounting for 65.3% of total sales. NEV sales reached 85,000 units, a 39.7% increase, with IM up 66% and SAIC Motor Passenger Vehicle NEVs surging 576.9%. Overseas sales hit 105,000 units, up 51.7%, as MG delivered nearly 26,000 units in Europe.
Why this matters
The strong start to 2026 indicates SAIC's recovery momentum and its focus on self-owned brands and new energy vehicles, which are key growth areas for Chinese automakers.
Terms in This Story
- NEV
- New Energy Vehicle, including battery electric, plug-in hybrid, and fuel cell vehicles.
- Self-owned brands
- Brands owned by the company itself, such as MG, MAXUS, and Wuling, as opposed to joint venture brands.
- Wholesale sales
- Sales from the manufacturer to dealers, as opposed to retail sales to end customers.
Summarised from the linked release; details can be imperfect — always verify against the original source.