With both companies benefiting from the growing interest of Chinese buyers in sport-utility vehicles, General Motors and its joint ventures eked out a small sales increase of 0.4% on an annual basis, while Ford Motor Co. posted a 2% sales jump.
GM said its sales increase was led by the XT5 SUV, Cadillac kept up its momentum with double-digit growth for the twelfth consecutive month. Sales of the Baojun 510 SUV exceeded 6,000 units following its launch on Feb. 20, and contributed to the Baojun brand’s record deliveries. Cadillac and Baojun set February delivery records as GM and its partners delivered 246,730 vehicles last month.
“The expanding SUV portfolio has helped us maintain our growth momentum,” said GM Executive Vice President and GM China President Matt Tsien. “The upcoming launch of the Chevrolet Equinox will further enhance our competitiveness in the fast-growing midsize SUV segment.” (more…)