SAIC record sales, over 2 million for first half of 2011
Shanghai Automotive Group Co., Ltd. (hereinafter referred to as Shanghai Automotive) today announced June sales newsletter. Data show that 1-June, the Shanghai automobile sales exceeded 2 million, an increase of 12.89%, record sales in six months, and continue to maintain domestic gasoline automobile market first.
By phasing out the preferential policy, Japan earthquake , credit tightening and other factors, the domestic auto market growth slowed down in the background, the first six months of this year, the company's joint venture Shanghai GM, Shanghai Volkswagen sold 612,000 vehicles to achieve vehicles and 57.7 million, an increase of 27.5% and 28%, much higher than the industry average growth rate, continues to dominate the domestic passenger car market sales championship; mini-car sales charts in SAIC-GM-Wuling sold 648,000 vehicles in the relevant market segments of the market share steadily, lead to further expansion. Sales of own-brand car prices have fallen sharply in the context of its own brand Roewe + MG sales continue to grow, more than 80,000 vehicle sales.
To promote the economic development pattern, and continue to maintain the leading position in China, by leaps and bounds, Shanghai Automotive is to proceed with the reorganization of assets, will focus on business operations into a vehicle, parts and service business trading business. By restructuring, Shanghai Automotive will adhere to the innovation-driven, restructuring and development, to enhance the sales volume in the same time, highlighting the content type development, gradually to the automotive industry value chain extends to raise the overall level of innovation, speed up its own brands and new energy vehicles development; to expand trade in services automotive business, to expand future profitability, further strengthen the company's leading position in Chinese automotive industry and enhance its international influence.
In the face of a complex market situation, Shanghai Automotive said it would continue to closely track the market situation, speed up response, efforts to enhance the capability of independent innovation, and actively develop and improve the ability of international business and further the transformation of economic growth, ensure economic operation quality, for the majority of provide long-term shareholders, return on investment. A-share market capitalization's largest car company. Our main business covers passenger cars and commercial vehicles, with the closely related vehicle parts, auto finance three major sections. The face of the rapid development of China's auto market and fierce competition, Shanghai Automotive has always maintained the lead. In 2010, Shanghai automobile sales exceeded 3.58 million, to maintain sales in the domestic car market first
