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Shanghai GM sales top 500,000 units in 2007
Shanghai. January 3 (Gasgoo.com) – Shanghai GM becomes the first passenger vehicle company to sell over 500,000 vehicles a year, leading car sales in Chinese market for three consecutive years.
Chevrolet vehicles, the fastest growing brand of Shanghai GM, sold 160,500 units, which represents an increase of 56.4 percent from one year earlier. The Buick brand sold 332,000 vehicles, an increase of 27,800 units from a year earlier.
Shanghai GM's best selling model, Buick Excelle sold 16,000 vehicles a month on average. Shanghai GM's premium sedan Park Avenue and Buick LaCrosse together sold 77,000 units in 2007.
Also, Shanghai GM sold 7,040 units Cadillac in 2007, of which Cadillac SLS accounted for 62 percent of the total. The late-comer Saab also saw sales of 618 units, up 87 percent year on year.
It is worth noting that the Shanghai GM, a 50:50 joint venture company between SAIC Motor Corp and GM, sold 429,329 vehicles in the first eleven months, but it sold more than 70,000 units for December alone, a remarkable achievement for any automaker in China.
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