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Posts Tagged ‘china auto sales’

Ford Suffers, GM Coasts in March Sales in China

Volkswagen posts a sales increased in March.

by on Apr.17, 2018

Strong Malibu sales in March helped GM to a small sales gain of 2%.

Ford Motor Co. saw its sales in China, the world’s largest automotive market, drop by 11% during March, while General Motors eked out a 2% gain as its sales continue to grow.

GM, which will now report its China sales quarterly rather than monthly in the future, said its joint ventures in China delivered a March record of 352,346 vehicles. Buick and Cadillac enjoyed record deliveries in March, while Chevrolet grew 35% from a year earlier, GM said.

Industry News!

Sales in the first three months of 2018 increased 8% on an annual basis to 986,052 units. (more…)

Global Auto Sales Set to Hit Record in 2018

Industry coming tantalizing close to 100 million mark.

by on Feb.16, 2018

Despite sluggish sales in the U.S. and China, global auto sales are expected to set a new record in 2018.

Global auto sales are expected to hit an all-time record in 2018 of 97.3 million vehicles, according to a new forecast by LMC Automotive.

That 2.1% jump over 2017 would come despite a weak market in North America, as well as softening growth in what is now the world’s largest automotive market, China, LMC researchers said during a media conference call.

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The U.S., in particular, posted its first annual decline in vehicle sales since the market hit bottom in 2010, and it remains unclear what will happen in 2018, LMC Managing Director Pete Kelly cautioning that it “could go either way.” (more…)

GM Sales Top 4M in China for First Time

China totals more than 1M more than U.S.

by on Jan.04, 2018

GM Executive Vice President and GM China President Matt Tsien said the automaker set a new sales record in China.

General Motors and its joint ventures sold more than 4 million vehicles in China last year, marking the first time its topped that mark, the automaker said. The total accounts for more than half of the company’s global sales.

GM’s retail sales in China totaled 4,040,789 units, up 4.4% from the previous high in 2016. China was GM’s largest retail market for the sixth consecutive year. In contrast, GM sold barely more than 3 million vehicles in the United States.

Global Auto News!

GM Canada sold 302,826 vehicles in 2017, up 13.3% over the previous year. Other regions haven’t reported but the company pulled out of the European market in last summer by selling its stake its stake in Opel and Vauxhall to PSA. (more…)

Ford, GM Report Divergent November Sales in China

Overall results were flat for the month.

by on Dec.12, 2017

Ford China Chief Jason Luo noted that Lincoln sales hit record numbers in November.

China may be the world’s largest automotive market, but it appears to be mimicking U.S. auto sales now as November sales came in flat and are up just 1.9% for the year-to-date.

Much like the U.S. market, the Chinese market is coming off a record sales year in 2016. Also like the U.S. market, sales of sedans are falling while sport-utes and crossovers are enjoying a strong year.

Global Auto News!

Through November, sedan sales have fallen 4.8% while utility vehicles have enjoyed an 8.9% jump, according to China Association of Automobile Manufacturers. After a spring slump, sales have increased monthly for seven consecutive months. (more…)

GM Sales Climb in China as Ford’s Slip in July

Ford sales down year-to-date as well.

by on Aug.09, 2017

Cadillac sales rose 37% in July. ATS sales performed well during the month.

General Motors Co. sales may have dropped in the U.S. last month, but the automaker posted record sales in China, the company’s largest single market. Conversely Ford Motor Co. reported its sales slipped despite steady growth in sales by the company’s Lincoln brand last month.

GM and its joint ventures reported that retail sales increased 6.3% from a year earlier to 287,581 vehicles. For the year, GM surpassed 2 million deliveries in China as sales in the first seven months totaled 2.05 million units down 1.3% from last year’s pace.

Global Auto News!

The Buick, Cadillac and Baojun brands reached all-time highs for July sales, while Chevrolet posted growth of 24% on an annual basis. GM’s performance was strong across many segments, with SUVs remaining the biggest riser – generating growth of 50% year over year. (more…)

Ford Sales in China Jump While GM’s Fall

Automakers expect positive momentum going forward.

by on May.08, 2017

Ford's executive leadership team in China is excited about the sales prospects for the remainder of the year.

Ford Motor Co. said its sales in China rebounded during April after a sluggish March, but GM’s sales slipped by almost 2% despite strong sales of sport utility vehicles and the Cadillac brand.

Ford reported selling nearly 94,000 vehicles in April in China, up 11% compared to April 2016. Monthly sales for Changan Ford Automobile, Ford’s largest partner, totaled more than 62,000 vehicles, up 6% compared to the same time last year.

Global News!

Jiangling Motor Corp. sold more than 25,000 vehicles in April, a 15% increase compared to April 2016. While Lincoln sales climbed by 95% to 4,500 units. (more…)

GM, Ford Stay on Offense in China

Ford sales down big, but maker on product offensive.

by on Apr.19, 2017

Matt Tsien, who heads up GM China, said the steady stream of new product is a big driver behind the automaker's March sales increase.

General Motors reported its sales climbed 16% to a record level in March, while Ford Motor Co.’s sales dropped 21%.

The sales increase left GM China executives in an upbeat mood as the critical Shanghai Auto Show officially opened this week. Overall GM delivered 345,448 vehicles in March for the company’s year-over-year growth since last August as the Buick, Cadillac and Baojun brands all reached new sales highs for March.

Global Auto News!

“SUVs, MPVs and luxury vehicles will help us further tap into the market’s growth potential,” said GM Executive Vice President and GM China President Matt Tsien. (more…)

GM, Ford Set New Sales Records in China

Makers ride popularity of SUVs and luxury cars to new benchmark.

by on Jan.06, 2017

GM Executive Vice President and GM China President Matt Tsien said the automaker's 13 new or refreshed vehicles in China led to record sales this year.

Both General Motors and Ford Motor Co. reported record sales in China during 2016, thanks in part to the growing popularity of American-designed sport-utility vehicles and luxury cars.

Between them the two American giants sold more than 5 million vehicles, claiming more than 20% of the total Chinese market.

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GM and its joint ventures reported delivering a record 3,870,587 vehicles in China in 2016, which was an increase of 7.1% from the previous high in 2015. For all of 2016, Ford Motor Co. sales totaled a best-ever 1.27 million vehicles, 14% higher than 2015. (more…)

Buyers in China Pushing Ford, GM to Record Sales

Automakers surpassing record sales from 2015.

by on Dec.08, 2016

Ford eclipsed its record sales total from last year in China as buyer continue to support American brands.

General Motors and Ford set new sales record in China during November as Chinese customers continue to show a preference for American brands.

Ford sales hit an all-time November high of 124,113 vehicles, up 17% compared with November 2015. In addition, its joint ventures in China have sold more than 1 million vehicles in 2016, reaching the milestone one month faster than in 2015

Global Auto News!

“Ford is gaining more momentum in China each month and we are on pace for a record year in China,” said Peter Fleet, vice president of Marketing, Sales and Service, Asia Pacific. “We are seeing increasing demand across our line-up, particularly our full family of SUVs.” (more…)

FCA Talking with Potential Partner for Second China JV

Company late to the market, seeks to make up for lost time.

by on Sep.15, 2016

Production of the new Jeep Renegade began this year in Guangzhou, China. Fiat Chrysler is looking for more growth in China.

Fiat Chrysler is contemplating a second joint venture in China, this one with BAIC Group to grow the company’s business in the country.

Discussions are early, according to Bloomberg News, but would help the automaker expand its footprint in the country. Currently it has a partnership with Guangzhou Automobile Group, which began in 2010 with the production of Fiat vehicles.

Global Auto News!

It expanded last year as the companies opened a new plant in the Hunan province to build Jeep Cherokees. It grew again this year as FCA began making the hot-selling Jeep Renegade there as well. (more…)