Under the great changes of the automotive industry, traditional car companies often collapse in an instant. In the past year of 2024, GAC Group's sales dropped by 20%, plummeting by 500,000 units, ranking second among mainstream car companies. Even the "savior" Aian can't bear it anymore, which is really worrying.

1. GAC Group Crane Tail

As the anchor of Guangzhou's automobile industry, GAC Group has created its own glorious history by relying on its state-owned background and driven by joint ventures and independent brands, ranking among the top five in China's automobile industry all year round. In 2017, GAC's sales exceeded the 2 million vehicle mark, and by 2023, it will sell more than 2.5 million vehicles, setting a record high. But when a crisis comes, it often happens in the blink of an eye. In the past year of 2024, GAC Group's sales were only 2 million vehicles, a year-on-year decline of more than 20%, a drop of 500,000 vehicles, which is shocking.

2. Aian can’t bear it anymore

A careful analysis of GAC Group's sales structure in the past two years will reveal that not only is GAC's joint venture segment getting worse, but its "savior" Aian has also turned from prosperity to decline. In 2023, the sales of the two major joint venture car companies under GAC Group will be in decline. GAC Honda sold 640,000 vehicles, down 13.66% year-on-year. GAC Toyota sold 950,000 vehicles, down 5.47% year-on-year. During the same period, GAC Trumpchi's sales increased by 12.12% to 400,000 units. Of course, the biggest surprise is Aian, which sold 480,000 vehicles, a year-on-year surge of 77.02%. It can be said that when the joint venture business was deteriorating, Aian single-handedly became the savior of GAC Group.