Detroit Bureau on Twitter

Posts Tagged ‘gm china sales’

GM China Sales Continue Growth Spurt

Nearly all of company's brands were up in August.

by on Sep.07, 2016

GM China President Matt Tsien noted the company's mainstream passenger car entries helped GM to record sales in China last month.

Strong sales by Cadillac helped General Motors and its Chinese partners set a new sales record during August.

GM and its joint ventures delivered 293,537 vehicles in China, which was up 18% year over year. The Cadillac, Buick, Chevrolet and Baojun brands reached all-time highs for the month, the company said.

The Journal of Record!

“Our mainstream passenger car entries drove our sales momentum,” said GM Executive Vice President and GM China President Matt Tsien. “We are looking to build on our success by adding another five new and refreshed models in the final four months.” (more…)

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.

The Journal of Record!

“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 Expecting More Growth in China

Maker plans to unveil 60 new products in next five years.

by on Mar.22, 2016

General Motors opened its new plant in Shanghai that will build the Cadillac CT6 for China.

Despite the softness in the Chinese economy, General Motors announced plans to introduce 60 new products in the China during the next five years, GM executives said this week.

During a visit to Beijing, GM President Dan Ammann announced the GM strategic plan for the next five years to fuel its growth momentum in China, where it now is the second-largest carmaker just behind Volkswagen.

News You Can Trust!

The strategy will provide an even stronger product mix, greener technologies and smarter solutions for personal mobility in the world’s largest vehicle market, according to Ammann. (more…)

General Motors China Sales Drop 9.3 Percent in February

Decline raises red flags about 2016 auto sales.

by on Mar.07, 2016

The Buick Envision helped push GM China's SUV sales up 115% in February. The company's overall sales were down 9.3%.

General Motors reported it sales in China dropped by 9.3% during February, reversing the sales gain the automaker reported during January and feeding the anxiety felt around the world about the outlook for the Chinese economy in general.

GM blamed the decline on seasonal factors, notably the early start to the Chinese New Year holiday, which shuts down commerce throughout China. But with concerns about the path of the Chinese economy rattling markets around the world, the decline in February is bound to feed the anxiety over future auto sales in China, which is now the world’s largest market.

The Leader in Global Automotive News!

GM executives have predicted that new vehicle sales in China, where the automaker ranks just behind Volkswagen in total sales, would grow modestly 2016. (more…)

GM Scores Third Consecutive Year of Record Global Sales

Detroit maker narrows gap with VW but still third in industry sales.

by on Jan.21, 2016

A Chevy Cruze in China, which has cemented its role as GM's largest global market.

While the increase was a modest 0.2%, General Motors nonetheless managed to eke out another global sales record in 2015, its third year in a row.

The Detroit-based maker today reported total sales came to 9.84 million, putting it just behind German rival Volkswagen AG. Toyota, which hasn’t yet reported its figures for 2015, is expected to retain the industry’s global sales crown, however.

Subscribe Now!

“GM continued to grow in 2015 as our focus on the customer and successful new vehicle launches more than offset the challenging conditions in South America and the curtailment of our presence in certain markets such as Russia,” GM President Dan Ammann said in a statement.

(more…)

GM, Ford, Buick Trend and Deliver Record Chinese Sales

by on Jan.08, 2016

The Ford Focus in China.

Despite the increasingly serious downturn in the Chinese economy, both Ford Motor Co. and General Motors Corp. managed to lock down record sales in China for 2015.

That bucks the trend that has hammered a number of their key competitors, including Japanese giant Toyota and embattled German maker Volkswagen. Both makers are upbeat, albeit playing things cautiously as they look ahead to 2016.

Subscribe Now!

So far, both GM and Ford have refrained from making any predictions about China’s market. However, executives from both companies are likely to be pressed for forecasts during the North American International Auto Show in Detroit next week.

(more…)

GM Enjoys Banner November Sales in China

SUV sales rise 231% during the month.

by on Dec.04, 2015

GM’s sales of utility vehicles surged 231% on an annual basis, led in part by the Buick Envision.

The pace of economic growth in China has slipped below 7%, but General Motors has managed to eke out monthly sales increases despite selling environment marked by prices cuts, rising inventories and intense competition from indigenous Chinese brands.

Despite concerns over the Chinese economy, GM and its joint ventures, with the help of an aggressive schedule of new product launches that started last summer, had their best November sales ever, the automaker said.

China News!

Sales by GM and its partners advanced 14% on an annual basis to 346,671 vehicles. During the first 11 months of 2015, retail sales by GM and its joint ventures in China have increased 4.1% on an annual basis to a record 3,166,791 units. (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…)

Barra Says GM Merger with FCA Unnecessary

CEO says company’s focused on shareholder returns.

by on Jun.09, 2015

General Motors CEO Mary Barra addresses the gathering during the 2015 annual meeting in Detroit.

No dice.

Those two words may best summarize General Motors response to Sergio Marchionne’s ongoing merger proposals, even as the Fiat Chrysler chief executive officer moves to enlist outside investors to support the proposed tie up between the two auto giants.

Subscribe for Free!

Mary Barra, GM’s chief executive officer, confirmed publicly for the first time during GM’s annual shareholder meeting today that GM had received an email for Marchionne in which he proposed a merger. (more…)

GM’s Sales Dip in China in May

Decline marks second month in a row for falling sales.

by on Jun.04, 2015

While Buick sales were down 12.9% in China last month, the brand's best-sellers were the Excelle XT and GT.

General Motors’ sales in China dipped for the second consecutive month under the weight of increased competition from domestic and international brands, model changeovers and the slowing pace of economic growth in China.

GM and its joint ventures sold 252,567 vehicles last month in China, which was down 4% year over year. The big driver was model changeovers for several models combined with the phasing out of older ones. The company’s May retail sales reflected improved mix of SUVs and MPVs, which were up a combined 21.8%, plus a 10.9% increase in sales of Cadillac luxury models.

The Leader in Global Automotive News!

For the first five months, GM and its joint ventures had record retail sales in China of 1,472,186 vehicles, an increase of 5.1% on an annual basis. China is one of the major pillars of post-bankruptcy GM and of vital importance to the company’s future. (more…)