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Posts Tagged ‘GM auto sales China’

GM Enjoys Another Robust Sales Month in China

Automaker rides demand for SUVs to 16.9% increase.

by on Jun.03, 2016

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

General Motors sales skidded in the U.S. in May, but continued to climb in the critical Chinese market.

Despite the slower than expected growth of the Chinese economy, GM reported its joint ventures increased 16.9% with the delivery of 295,282 vehicles across China. The Buick, Cadillac and Baojun brands and SUV lineup reached all-time highs for deliveries as well in May, according to GM China president Matt Tsien.

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“GM vehicle deliveries in China achieved robust growth in May,” said Tsien. “While demand for our SUVs, MPVs and luxury vehicles remained strong, we also saw impressive demand for passenger car models such as the Buick Excelle GT.” (more…)

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.

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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.

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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 China Sales Slide in September

Sluggish economy acts as wet blanket on vehicle sales.

by on Oct.13, 2015

GM China President Matt Tsien said the company is riding rising sales of SUVs and MPVs as well as the ATS-L to a small sales increase through September.

General Motors’ monthly sales results in China slipped again last month as the automaker continues to battle headwinds created by the slowdowns in the Chinese economy.

In September, domestic sales by GM and its joint ventures declined 3.9% year-over-year to 295,236 vehicles. Sales were up 18.7% last month compared with August, the second month-on-month increase in a row thanks to the introduction of new products, GM executives noted.

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“GM’s product mix has been improving with recently launched models. This has helped us meet consumers’ evolving and diversifying needs,” said GM Executive Vice President and GM China President Matt Tsien. “We anticipate growth in the SUV, MPV and luxury segments representing about 80% of overall growth in the market over the next several years. GM is well-positioned to participate in this growth.” (more…)