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GM Enjoys Banner November Sales in China

SUV sales rise 231% during the month.

by on Dec.04, 2015

GM’s sales of utility vehicles surged 231% on an annual basis, led in part by the Buick Envision.

The pace of economic growth in China has slipped below 7%, but General Motors has managed to eke out monthly sales increases despite selling environment marked by prices cuts, rising inventories and intense competition from indigenous Chinese brands.

Despite concerns over the Chinese economy, GM and its joint ventures, with the help of an aggressive schedule of new product launches that started last summer, had their best November sales ever, the automaker said.

China News!

Sales by GM and its partners advanced 14% on an annual basis to 346,671 vehicles. During the first 11 months of 2015, retail sales by GM and its joint ventures in China have increased 4.1% on an annual basis to a record 3,166,791 units. (more…)