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SAIC sales up 67% in first two months

09 03 10 - 05:02 SAIC Motor, the listed arm of Chinese auto giant Shanghai Automotive Industry Corporation (SAIC), Tuesday announced car sales totaled 555,757 units in January and February, up 67.16 percent from a year earlier.

Sales for February alone were up 45.6 percent to 248,435, compared with 170,526 in the same period of last year, according to a company statement filed to the Shanghai Stock Exchange website.

Shanghai GM, SAIC's joint venture with General Motors, sold 148,762 vehicles in the first two months, up 108.97 percent from a year ago, while sales of its venture with Volkswagen were 128,593, up 56.32 percent.
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