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Posts Tagged ‘General Motors sales China’

GM Sales in China Jump in April as Ford Falls

SUVs, MPVs, luxury vehicles still drawing buyers.

by on May.06, 2016

GM Executive Vice President and GM China President Matt Tsien said GM was selling SUVs and MPVs in big numbers in China in April.

General Motors and its Chinese partners said its sales increased 7.5% during April from the same month last year, while Ford Motor Co. reported an 11% decline for the same period.

GM said the company’s sales increase was focused on new segments and sport utility vehicles, which were up 107% from the same period a year earlier, while Cadillac luxury vehicle sales increased 13% in April from the previous year.

Global News!

So far, in the first four months of 2016, GM and its joint ventures’ deliveries increased 1.7% year over year to a record 1,241,631 units. (more…)

GM China President Predicts Growth in Future

Tsien expects popularity of SUVs, EVs to help drive sales higher.

by on Apr.28, 2016

GM China President Matt Tsien told reporters in Detroit today that he expects the Chinese market to continue to grow for the automaker.

China now accounts for roughly 37% of General Motors’ global sales, making it the automaker’s single largest market in the world, Matt Tsien, president of General Motors China, said during a meeting with reporters at GM headquarters in Detroit.

Tsien said it is difficult to predict if that percentage will continue to grow in next several years. “You have to know what the rest of the world is going to do to answer that,” he said.

The Leader in Global Automotive News!

But GM expects the Chinese market to expand from the 25 million units sold last year to 30 million units in 2020. “That’s like adding a market the size of Australia every year for the next five years,” he said. (more…)

GM Sets New First-Half Sales Record in China

Sales jump despite economic uncertainty of falling stock market.

by on Jul.07, 2015

GM's sales in China were up 4.4% through the first six months of the year, including Cadillac.

Despite worries over a substantial drop of the Chinese stock market and new competition from domestic brands, General Motors and its joint ventures reported record retail sales of 1,719,202 vehicles during the first six months of the year in China.

Demand was up 4.4% from the first half of 2014. The increase was driven primarily by GM’s improved mix of SUVs and MPVs. While the news of an increase was positive, it fell short of the 10.4% increase in the first half of 2014.

The Leader in Global Automotive News!

“An evolving product mix is essential for meeting the diverse demand in China, given its position as the world’s largest vehicle market,” said GM Executive Vice President and GM China President Matt Tsien. “We will continue to add more new and refreshed models in the second half to keep up our growth momentum.” (more…)