Feb. 23, 2012 (China Knowledge) - SAIC-GM-Wuling Automobile Corp, a joint venture among General Motors, Shanghai
Automotive Industry Corp and Liuzhou
Wuling Motors Co, sold 1.3 million vehicles last year, 5.3% more than that of 2010.
Shen Yang, general manager of the JV, said the firm's sales fell to only 70,000 autos last April, reflecting a drop of over 40% from a monthly average sale of 120,000 units, adding that sales for December 2011 but eventually jumped to more than 130,000 vehicles.
In 2012, the JV aims to sell 13.5 million vehicles, most of which would be derived from sales in the domestic passenger vehicle market and the overseas auto market.
SAIC-GM-Wuling noted that it has started research and development on a new hatchback model for its own Baojun brand, with trial production starting from 2013. The Baojun 630 sedan, released in November 2010, still performed well with sales volume of 9,006 units last month.
Last year, China's vehicle sales slowed down with an increase of 2.5%, the lowest growth in the past 13 years. Sales of smaller passenger vehicles in the country even plunged around 10% last year, sources reported.