- SAIC Motor‘s vehicle sales for July 2024 were 251,484 units.
- This represents a 37% decrease compared to July 2023 when sales were 400,204 units.
- Year-to-date vehicle sales reached 2.08 million units, showing a decline of 16% year over year.
- New Energy Vehicle (NEV) sales in July were 71,106 units, a decrease of 22% compared to the previous year.
- Analyst ratings for SAIC Motor include 16 buys, 5 holds, and 3 sells.
- All comparisons are based on the company’s original disclosures from previous periods.
A look at SAIC Motor Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
SAIC Motor Corporation Ltd. is positioned favorably for long-term growth, with a strong emphasis on value according to Smartkarma Smart Scores. Their high Value score of 5 reflects a solid foundation in terms of financials and market positioning. Additionally, with a respectable Dividend score of 4, investors can expect potential returns through dividends in the future, indicating stability and shareholder-friendly policies.
While SAIC Motor shows promising signs in terms of Value and Dividend, there is room for improvement in Growth, Resilience, and Momentum, as indicated by their scores of 3 in these areas. Enhancing growth strategies and strengthening resilience during economic uncertainties will be crucial for SAIC Motor to capitalize on future opportunities and navigate challenges effectively. With a focus on sustaining momentum, SAIC Motor can strive for continuous improvement and market competitiveness in the long term.
**Summary of the Company:**
SAIC Motor Corporation Ltd., through joint ventures, manufactures and markets automobiles and related parts and accessories.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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