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SAIC Motor's auto sales up 20.9% in May

Jun. 8, 2012 (China Knowledge) - SAIC Motor Corp Ltd<600104>, China's No.1 carmaker, has announced that its auto sales rose 20.9% YoY to 367,991 units in May this year, driven by strong sales of minivans.
Shanghai Volkswagen Automotive Co Ltd, a 50-50 joint venture set up with Volkswagen AG, sold 100,262 cars last month, up 9% YoY.  

Another JV, Shanghai General Motors Co Ltd, which the SAIC Motor established with General Motors, sold 110,503 cars in May, increasing 14.9% from the same period of last year.  

SAIC-GM-Wuling Automobile Corp, a joint venture of General Motors, Shanghai Automotive Industry Corp and Liuzhou Wuling Motors Co, delivered 128,680 vehicles in the month, 35.4% more than in the corresponding period of 2011.
In the first five months, the group's auto sales reached 1.88 million units, up 11.3% YoY.

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