SAIC Motor Jan-Oct sales up 51% to 2.19 mln units

Shanghai, November 10 (Gasgoo.com) SAIC Motor Corp. Ltd said today that its sales in the first ten months soared 51% to 2.188 million vehicles, titling it as the first domestic automaker to top the 2 million high.

The report from SAIC shows both sales and production have seen rapid growth. The total output hikes 49.34% from a year early up to 2.184 million units as the total sales climbs 51% to 2.188 million.

It is also noteworthy that it is SAIC’s own brand that leads the robust growth. Sales of Roewe and MG skyrocketed to 73,900 units, grossly exceeding the full-year sales plan of 50,000 units.

Shanghai Volkswagen and Shanghai General Motor, the big two joint auto markers have also outpaced their yearly sales plan in ten months. Shanghai VW, the No.1 passenger car maker in the previous three quarters, sold 575,400 vehicles this year by October, up 42.48%. Shanghai GM reached sales of 548,700 units in the 10-month period, up 41.63% from a year earlier.

Powered by halved sales tax and other measures aided by the government, SAIC-GM-Wuling (SGMW) rose 65.36% to 893,700 units in the first ten months, ranking first among the domestic mini vehicle makers.

SAIC said that it is expecting a total sale of 13 million units in the whole market this year and an increase of over 10% in 2010.