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SAIC sold 1.69 million vehicles in 2007, up 25.8 percent year-on-year
Shanghai. January 9 (Gasgoo.com) – Shanghai Automobile Industry Corporation, or SAIC, still holds No.1 position in China automobile industry by selling 1.69 million vehicles in 2007, up 25.8 percent from one year earlier, the company announced yesterday.
In passenger vehicle sales, SAIC sold 1.13 million units, up 24.3 percent year-on-year. Shanghai General Motors has consolidated its leading position in China’s passenger vehicle sales by selling more than half a million vehicles in 2007, while Shanghai VW sold 456,000 units and Ssangyong sold 136,000 vehicles.
SAIC also sold 16,000 Roewe vehicles since it was launched in March of 2007.
In commercial vehicle sales, SAIC sold 553,000 units, up 29 percent from one year earlier. SAIC-GM-Wuling sold 520,000 mini-vans (Wuling Star) in 2007, up 23.8 percent year-on-year; SAIC-Iveco-Hongyan sold 24,000 trucks, up 69.7 percent year-on-year.
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