SAIC Motor February Sales Surge 29.7%
SAIC Motor Corp reported a 29.7% y/y rise in February sales.
SAIC Motor sold 367,325 vehicles in the month. For the January-February period, sales of SAIC Motor and its joint ventures climbed 6.98% y/y to 747,630 vehicles.
For February, sales of SAIC's joint venture with Volkswagen AG (OTC: VLKAY) surged 29% y/y to 103,202 vehicles. However, sales of SAIC's joint venture with General Motors (NYSE: GM) jumped 34.5% y/y to 106,631 units.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.