window.googletag = window.googletag || {cmd: []}; googletag.cmd = googletag.cmd || []; googletag.cmd.push(function() { googletag.defineSlot('/22557728108/my_article_breadcrumb_above_pc', [ 728, 90 ], 'div-gpt-ad-1685524554756-0').addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1685524554756-0'); });

Despite 2.1 mil units sold, Geely group sales drop 3.6% in 2020

CY Foong ยท Jan 19, 2021 10:34 AM

Despite 2.1 mil units sold, Geely group sales drop 3.6% in 2020 01

Geely Holding saw 2020 sales exceeding 2.1 million units which might sound like good news but that figure accounts for a 3.6% loss compared to 2019.

In 2019, the Chinese conglomerate which consists of 3 subsidiaries – Geely Auto Group, Volvo Car Group, and Geely New Energy Commercial Vehicle Group – saw over 2.178 million units sold.

Despite 2.1 mil units sold, Geely group sales drop 3.6% in 2020 02

window.googletag = window.googletag || {cmd: []}; googletag.cmd = googletag.cmd || []; googletag.cmd.push(function() { googletag.defineSlot('/22557728108/my_article_fourthp_under_pc', [ 728, 90 ], 'div-gpt-ad-1685525140735-0').addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1685525140735-0'); });

In spite of the slight drop in total sales, Geely Holding still remains optimistic. Geely Auto saw 1.32 million units sold in 2020 (despite a 3% loss) and retained its position as the best-selling Chinese brand for the fourth consecutive year.

The brand also celebrated a brand-new milestone with its 10 millionth vehicle sold, a first for a Chinese automotive brand.

Despite 2.1 mil units sold, Geely group sales drop 3.6% in 2020 01

Geely Holding has also acknowledged Proton’s success in 2020 with its 8.8% growth as one of the few bright sparks of the year. Lotus, a brand that was once synonymous with Proton’s ride and handling, also saw positive growth with the British brand seeing a 4% increase in sales in 2020.

Despite 2.1 mil units sold, Geely group sales drop 3.6% in 2020 02

Elsewhere, Volvo Car Group saw sales declined by 6% with total sales of more than 660,000 vehicles in 2020.

Throughout 2021, Geely Holding will remain committed to introducing new electrified models, continue its global expansion, and also exploring innovative business models.

CY Foong

Writer

Traded advertising for a career that fits his passion for cars. Enjoys spotting cars during his free time and has a soft spot for Japanese Kei cars but drives a thirsty manual sedan.

window.googletag = window.googletag || {cmd: []}; googletag.cmd = googletag.cmd || []; googletag.cmd.push(function() { googletag.defineSlot('/22557728108/my_article_relatedmodel_above_pc', [ 728, 90 ], 'div-gpt-ad-1685525247138-0').addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1685525247138-0'); });
window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-a-2x2-stream', container: 'taboola-below-article-thumbnails', placement: 'Below Article Thumbnails', target_type: 'mix' });

Trending Discussion

Hassle-free purchasing, get your next car fast!

2023 Honda City 1.5L e:HEV RS

Upgrade

Add your car

Not trading-in? ย  Sell your car