SAIC sales accelerate amid shopping festival
China’s biggest automaker SAIC Motor Group is reporting strong results from Shanghai's Double Five Shopping Festival amid government efforts to boost auto consumption.
From May 1 to 4, SAIC received a total of 33,062 potential car buyers in Shanghai, a jump of 99.1 percent year on year. The automaker also received 3,692 orders, an increase of 85.1 percent year on year.
SAIC said that with the two-month shopping festival and supportive policies launched in April, the group expects to double sales in May and June compared with monthly sales in the first quarter of this year.
Cai Bin, assistant president of SAIC Motor, said that the company attaches great importance to the city's shopping festival and is offering promotions for car buyers in May and June.
The automaker is currently hosting an auto carnival at the Shanghai Exhibition Center until Sunday and providing discounts on its nine car brands and more than 40 car models.
The auto carnival displays the company's latest results in electrification, intelligent and connected vehicles, car-sharing and globalization.
The automaker also exhibited six car models during an event held in Shanghai Exhibition Center on Tuesday. SAIC said it received 1,231 pre-sale orders of its Roewe RX5 Plus sport-utility vehicle.