FAW sold 444,112 units vehicles in the first quarter of 2008

April 14,2008

FAW Group Corp, one of China's largest automakers, said it sold 179,461 vehicles in March, up 37 pct year-on-year.

In a statement, the company said sedan sales for the month stood at 135,969, up 33.7 pct from a year earlier. Sales of medium and heavy-duty trucks rose 58.1 pct to 30,659, with light-duty truck sales up 38.7 pct at 11,884 units.

In the first three months, FAW Group had auto sales growth of 35.4 pct year-on-year at 444,112 units, with sedan sales up 36.5 pct at 368,224. Sales of medium and heavy-duty trucks grew 38.7 pct to 53,222.

FAW VW, its 50-50 sedan joint venture with Volkswagen AG, sold around 144,852 cars in the first quarter, up 48.7 pct from a year earlier.

Its joint venture with Toyota - FAW Toyota - sold 95,000 sedans from January to March, surging 74.4 pct year-on-year.

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