SHANGHAI GM RANKED TOP BY MONTHLY SALES

AsiaInfo Services, August, 2005

AsiaInfo Services 08-12-2005 Shanghai GM Ranked Top by Monthly Sales BEIJING, Aug 12, 2005 (SinoCast via COMTEX) -- Shanghai General Motors ranked the first among passenger car makers in terms of monthly sales in July.Guangzhou Honda, FAW-Volkswagen, Beijing Hyundai and Shanghai Volkswagen are closely running behind the sales champion.Aside from Guangzhou Honda, other four automaker saw an average decline of 7.44% in sales.

After a four-month successive growth of the Chinese auto market, auto sales slightly dropped in July.In accordance with sources, Shanghai General Motors sold 29,500 vehicles in the month, and its products of different grades were strengthened to be more competitive. Furthermore, the company is expected to maintain strong momentum in the second...

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