SAIC-GM-Wuling's Aug sales up 123% to 88,711 units

Shanghai, September 3 (Gasgoo.com) SAIC-GM-Wuling Automobile Co., General Motors' mini-commercial-vehicle joint venture in China, saw its sales in August grow nearly 123% year on year (y/y) to 88,711 units, xinhuanet.com reported today.

GM said its China sales in August jumped 112.7% y/y to 152,365 vehicles, paving the way for a more than 40% rise in sales for the full year. SAIC-GM-Wuling, GM's mini-commercial-vehicle venture with SAIC Motor and Wuling Auto, sold 88,711 vehicles in August, up 122.6%.

Last month, sales of the Wuling Sunshine minivan by the joint venture reached 49,298 units, or almost a third of GM's total China sales. All the venture's models qualify for China's tax cut for smaller vehicles.

Sales at GM's passenger vehicle joint venture with SAIC, Shanghai General Motors rose nearly 100% y/y in August to 63,303 units, including 23,771 units of the Chevrolet brand (up 99.4%) and 38,905 Buick sedans (up 102.8%).
 
In the first eight months of this year, GM sold 1.11 million vehicles in the Chinese market, up 49.6% y/y. GM China vehicle sales have been hitting monthly records since January, boosted by the Chinese government's stimulus measure.

GM has a 34% stake in the Wuling and is seeking to increase its holding in the booming mini-van venture, which is expected to sell large numbers of vehicles outside of China under GM's Chevrolet brand.