Published on December 19th, 2020 | by Joshua Chin0
Geely Sales On The Rise Again In November 2020
Over 150,000 Geely (and Lynk & Co) branded vehicles were sold in the last month alone.
Geely has recently announced that it had sold 150,517 cars in the month of November 2020. This figure represents an approximately 7% rise in sales compared to last month, and perhaps more impressively, a 5% increase in sales over the same period last year.
Continuing on the list of impressive sales statistics, the Chinese automaker’s export volume currently stands at more than double the number it was the year prior, having sold 11,769 Geely-branded vehicles to overseas buyers in the last month. Speaking of its native market meanwhile, the sales figure within China over the month of November remains relatively stable when compared to last year, with 138,748 units sold in the month prior.
Looking further at the sales figure however, all is actually not all that rosy. That is because the total sales volume in the first 11 months of 2020, which amounts to 1,166,015 units, represents a 5% decrease in overall sales compared to 2019. On the bright side however, with nearly 1.2 million units sold thus far, Geely has nevertheless achieved a respectable 88% of its annual (pre-pandemic) target this year of 1,320,000 sales with one more month to go.
Going back to the sales figures and looking at the breakdown by segment of cars sold by Geely, in the month of November the Chinese auto giant has shifted a staggering 92,992 SUVs. In terms of a percentage share, this means that SUVs account for nearly 62% of Geely sales over the last month.
Sedans meanwhile contribute only 36.5% of the automaker’s sales in November, with only 58,940 units sold. Rounding up the breakdown by segment are the 2,585 Geely-branded MPVs sold in November, which account for a measly 1.7% of the total Geely sales last month.
Delving deeper still into the sales breakdown, it would appear that 6,829 units of the 150,517 vehicles sold in November were electrified, which translates to approximately 4% of the total cars sold in the month prior. Furthermore, of that huge number of Geely-badged cars sold last month, 22,798 are actually Lynk & Co branded models.
Partly owned by Geely, Lynk & Co have yet again set a record sales month in November with the aforementioned 22,798 units sold last month. Its fifth record sales month in a row, this upstart company has recently announced that sales were up 61% over the year prior. Considering the tumultuous year this has been, this piece of news is perhaps the most surprising statistic of this entire story.
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%-owned joint venture) for the month of November 2020 was 150,517 units, an increase of approximately 5% from the same period last year and up approximately 7% from October 2020. Of the total sales volume in November 2020, 6,829 units were new energy and electrified vehicles. The Group’s exports volume was up more than twofold year-on-year to 11,769 units in the month of November 2020. During the month of November 2020, the Group’s total sales volume in the China market was 138,748 units, around the same level achieved in the same period last year. The total sales volume in the first eleven months of 2020 was 1,166,015 units, a decrease of approximately 5% from the same period last year, and achieving 88% of the Group’s revised full year sales volume target of 1,320,000 units in 2020.
During the month of November 2020, the total sales volumes of sedans, sport utility vehicles (SUVs) and multi-purpose vehicles (MPVs) were 54,940 units, 92,992 units and 2,585 units, respectively.
During the same period, the total sales volume of LYNK & CO-branded vehicles was 22,798 units, up around 61% year-on-year and breaking the brand’s record high monthly sales volume for the fifth month in a row.