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SAIC Motor's vehicle sales up 29.66% in Feb

Mar. 6, 2012 (China Knowledge) - SAIC Motor Corp Ltd<600104>, China's No.1 carmaker, sold 367,325 vehicles in February, reflecting a year-on-year increase of 29.66%.

Shanghai Volkswagen, a joint venture between SAIC Motor and Germany-based Volkswagen AG, realized 103,202 auto sales last month, up 28.98% year on year, while the Chinese firm's another JV with U.S. General Motors Co saw auto sales up 34.49% from a year earlier to 106,631 units in February 2012.

In January, SAIC Motor's vehicle sales reached 380,305 units, down 8.48% year on year.

In the first two months of this year, the Chinese vehicle manufacturer sold 747,630 autos, 6.98% more than in the same period of 2011. Sales of Shanghai VW surged 10.46% year on year to 213,210 units, while Shanghai GM grew 10.38% from a year earlier to 234,074 units.

The flagship model of Shanghai VW, the new Passat, performed well with 15,906 units sold in February. In the same month, sales of the firm's new Polo 2 was 10,050 units, the Tiguan SUV was 15,487 units, the Lavida compact was 21,996 units, the Skoda was 18,850 units and the Octavia was 13,052 units, sources reported.

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