SAIC-GM-Wuling mini-car sales hit 300,000 in H1

SAIC-GM-Wuling Automobile Co., Ltd, the leader in China’s mini-car industry, sold over 300,000 mini-cars in the first half year, representing 43% of China’s mini-car market, the company said in a recent report.

Earlier this year, the company announced its sales target of 520,000 units in 2007. It seems the company will meet its sales target without difficult this year.

The company’s mini-car sales volume increased 23.3% in June compared to the corresponding month last year.

The 23% growth rate is an unusual phenomenon in car-making industry, according to some industry experts, especially when the growing China’s mini-car industry witnessed a decline in the first half year.

The fast-growing sales record indicates the company’s market is expanding and its products are becoming popular among Chinese car buyers, experts said.