Jun. 13, 2012 (China Knowledge) – FAW Group, one of the top three automakers in China and the parent company of FAW Car Co Ltd<000800
>, announced yesterday that its auto sales in May reached 236,000 units, reflecting a YoY increase of 32.8%, sources reported.
The automaker's market share exceeded 14.9% last month.
Sales of FAW-Volkswagen Automobile Co Ltd surged 51% YoY to 120,515 units in May, while sales of FAW Toyota Motor Co hit 530,000 units.
In the first five month of this year, FAW Group saw its auto sales totaled 1.12 million units, 7.1% more than it realized in the same period of 2011, the growth rate was 6 percentage points higher than the industry's average.