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Posts Tagged ‘car sales China’

China Auto Sales Post Massive October Rebound

Auto sales rise 13.3% after government tax cut.

by on Nov.11, 2015

Auto sales in China were up 13.3% in October: the biggest year-over-year sales increase of 2015.

After months of reports about the slowing of auto sales in China, the country followed the lead of the U.S. enjoying a huge rush of October sales and netting a 13.3% increase over year-ago figures.

The jump to 1.9 million units comes after the government introduced cut in the sales tax on vehicles with engines with displacement of 1.6 liters and smaller to 5%, which is half of what it had been, according to the China Association of Automobile Manufacturers.

A Global Perspective!

The big driver of sales last month, much like in the U.S., was sport-utilities. Sales were up 60.6% to just more than 622,000 vehicles. Sedan sales were up slightly – 0.2% – to just over 1 million units. (more…)

GM Sees China Sales Drop in July

Despite new products, sales fall for third straight month.

by on Aug.06, 2015

GM's sales in China were down 4% in July, but the debut of the new Buick Excelle is expected to bolster efforts for the second half of 2015.

Despite new product launches and an a product mix that includes more sport utility and multi-purpose vehicles, General Motors sales in China dropped by 4% in July.

It was the third consecutive monthly sales drop for GM and its joint ventures, which sold 229,175 vehicles across China. Sales were primarily impacted by model changeovers and the phasing out of older Chevrolet vehicles, GM officials said.

Global Sales News!

“We have had a series of successful product launches over the past few months, including the all-new Buick Excelle GT sedan and Baojun 560 SUV. This has helped us manage the current challenges facing the Chinese vehicle market,” said GM Executive Vice President and GM China President Matt Tsien. “These products are expected to support sales momentum for the balance of the year.” (more…)