7.9Shanghai GM lifts '09 sales target to 580,000 units

Shanghai GM lifts '09 sales target to 580,000 units

 

http://autonews.gasgoo.com/auto-news/1011238/Shanghai-GM-lifts-09-sales-targ
et-to-580-000-units.html

 

Shanghai, July 9 (Gasgoo.com) Shanghai GM, General Motors' passenger car
venture in China with SAIC Motor, plans to raise its sales target of this
year from 500,000 units to 580,000 units. If the goal is achieved, the
company's full-year sales will increase by more than 30% from 2008, said
Shanghai Securities News.

 

Shanghai GM sold 288,843 vehicles in the first half of this year, growing by
16.1% year-on-year (y/y) and setting the company's half-year sales record.
The January-June sales of its best-selling Buick brand jumped 34% from a
year earlier to 195,989 units. 

 

The company's sales in June jumped by 59% y/y to 60,356 units, an all-time
high of monthly sales, built on the year-on-year growth of 28% in April and
50% in May. Its new models recorded higher sales growth last month, with
7,693 Buick New Regal cars and 8,623 Chevrolet Cruze cars sold. 

 

GM sales in China rose 38% year-on-year in the first six months to a record
814,442 units, an all-time first-half record, the company said. First-half
sales by SAIC-GM-Wuling, GM's commercial-vehicle venture in China, rose
49.9% from a year earlier to 524,598 units. 

 

To boost its market growth, Shanghai GM yesterday launched its new Buick
LaCrosse models in the southern Chinese city of Guangzhou, to compete with
the Toyota Camry and Honda Accord locally produced by Guangzhou Auto's
ventures with the two Japanese carmakers.

 

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