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Shanghai GM's auto sales hit record 1.23 mln units

Jan. 5, 2012 (China Knowledge) - Shanghai GM, a joint venture between General Motors and SAIC Motor Corp Ltd<600104>, said yesterday that its auto sales rose 18.5% year on year to 1.23 million units in 2011, reflecting the highest level ever recorded among domestic passenger vehicle makers.

The company said in a statement published in its website that its sales of Buick vehicles increased 17.4% year on year to 645,537 units last year.

The automaker saw its sales of Chevrolet vehicles reach 555,991 units, 17.9% more than that in 2010.

The company delivered 30,008 Cadillac vehicles last year, representing a robust growth of 72.8% year on year.






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