SAIC’s October Rise Indicates Strong Volkswagen China Sales

China's SAIC told Reuters today that its October auto sales rose 20.7 percent year-on-year to 414,471 units. This indicates a very strong jump in Volkswagen sales. SAIC has car joint ventures with GM and Volkswagen, in addition to currently not highly consequential own brand sales. Ignoring own brand sales, as a rule of thumb, GM amounts to roughly two thirds of SAIC's sales, Volkswagen one third. Volkswagen also has a joint venture with FAW. GM's China sales were up approximately 10 percent in October. A 20.7 percent rise in overall SAIC sales would indicate that the numerically smaller Volkswagen share saw considerable growth in October. Volkswagen's China sales were up 24 percent in September, the company said. Volkswagen outsold GM in China in the third quarter of the year. In the first nine months, GM was only 80,000 units ahead of Volkswagen. With a strong October, Volkswagen could bypass GM in China and dethrone it as China's largest automaker by units. from The Truth About Cars http://www.thetruthaboutcars.com

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