General Motors and Ford continued to roll up record sales in China last month where both companies are continuing to expand their presence in what has become the world’s largest automotive market.
GM reported its joint ventures in China set a new domestic sales record for July, by selling nearly 250,000 as demand increased 12.7% from the same month in 2013. In addition, GM has now sold more than 2 million vehicle in China, marking the fifth consecutive year and the earliest ever that GM has reached the milestone.
Ford China sales grew by 25% in July with 90,775 vehicles sold, compared with 72,834 sold in July 2013. Steady customer demand for Ford’s global nameplates pushed year-to-date sales to 640,031 vehicles, up 33% from 480,555 sold during the same period last year and putting the company in striking distance of selling more than 1 million vehicles in China for the first time. (more…)