SAIC says November sales up 91%

SAIC Motor, China's top vehicle producer, announced Tuesday that it sold 252,190 vehicles last month, up 91% year-on-year, thanks in part to government policies encouraging automobile purchases, Reuters reported. SAIC, which has partnerships with General Motors and Volkswagen, has sold 2.44 million vehicles so far this year; sales from its joint venture with GM more than doubled yoy to 78,777 units in November, while its Volkswagen JV increased sales from 39,039 to 65,166 units. November sales were up 4.9% from October. Automakers like SAIC are hoping that Beijing will maintain the policy initiatives that have boosted passenger vehicle sales in China by 45% this year.