Despite some concerns about impending doom-and-gloom as the Chinese economy shows signs of slowing down, General Motors and its joint ventures in China reported another strong month as they posted a 20.4% increase in domestic sales.
The U.S. maker and its domestic Chinese partners sold a record 237,130 vehicles in November making it the third-best sales month of 2011. So far this year, GM and its joint ventures have sold a record 2,350,406 vehicles in China, an increase 8.2% from the same period last year and just short of last year’s full-year sales record of 2,351,610 units.
During November, demand remained strong for Shanghai-GM’s lineup of passenger cars, as the joint venture experienced a rise in domestic demand of 7.6% to 113,120 units. SAIC-GM-Wuling’s sales of mini-commercial vehicles and passenger cars generated domestic sales growth of 40.4% to 119,133 units. Both were all-time November sales highs.