SAIC-GM-Wuling Feb sales grow 48% y/y

Shanghai, March 11 (Gasgoo.com) SAIC-GM-Wuling Automobile Co, General Motors Corp.'s (GM) China commercial vehicle joint venture, sold 80,175 vehicles in February, up 48.4 percent from a year earlier, a sign that the Chinese government's industry stimulus policy is luring buyers back into showrooms.

In the first two months the venture achieved sales of 155,343 units, up 33 percent year on year. Sales of Chevrolet Spark reached 10,115 units in the two-month period, representing a year-on-year growth of 97 percent.

SAIC-GM-Wuling, with two manufacturing bases in Liuzhou and Qingdao, saw its 2008 China sales hit 650,508 units, which made it the country's largest mini-van maker for three consecutive years

General Motors holds 34% stake in the joint venture.