Posts Tagged ‘gm china sales’

GM Continues Setting Sales Records in China

Upsurge defies uncertainty in world’s largest auto market.

by on Apr.03, 2013

The new Cadillac XTS has been gaining momentum since its recent launch in China.

General Motors continues to score big in China, its sales increasing by double digits again during March despite worrisome signs of trouble in what is now the world’s largest automotive market.

GM reported its Chinese joint ventures reached all-time highs for not just March but for the entire first quarter of 2013. Sales last month surged 12.6% on an annual basis to 290,538 units. It was the second-highest monthly sales total in GM’s history in China.

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For the quarter, GM’s sales in China jumped to 816,373 units, an increase of 9.6% from the same period last year, the company reported, putting GM on track to sell more than 3 million units in China this year. That seems on track to be another new record.

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GM China Sales Set Record

What industry slowdown?

by on Feb.06, 2013

The Baojun 630 has been targeting the next wave of new Chinese car buyers.

With the Chinese economy showing new signs of life after an unexpected slowdown, General Motors and its joint venture partners have set an all-time record, selling more than 300,000 vehicles in a single month for the first time during January.

If the pace is sustained over the next 11 months, GM estimates sales in China could top 3.5 million units.

During GM’s best-ever January in China, sales totaled 310,765 units, an increase of 26% from the same month in 2012 and 15.9% above the previous all-time monthly high of 268,035 units in January 2011.

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Domestic sales by Shanghai GM and SAIC-GM-Wuling, and their Buick, Chevrolet and Wuling brands all set new single-month records as well in January, GM reported.

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GM Sets Another New Sales Record in China – And it’s Not Alone.

Maker still has a month to go before closing books on 2012.

by on Dec.06, 2012

A Cadillac XLR at its Beijing debut earlier this year.

The once-explosive pace of growth in the Chinese car market has slowed down sharply this year – which means that General Motors had to wait until November to set a new sales record.

With a month left to run up the final total, GM and its various affiliates have sold 2,593,642 cars, trucks and crossovers in China, compared with 2,547,171 for all of last year.  The good news for GM – and its competitors – was that November saw a renewed surge in a market that has, over the past decade, seen sales nearly double in some years.

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GM isn’t alone, however, Ford was one of a number of other makers that also reported hitting all-time sales records by the end of November and still more are expected to get there by the time December’s numbers are tallied.  On the other hand, key Japanese makers could miss their once-lofty sales goals as a result of ongoing political turmoil.

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GM Defies Downturn in Chinese Market

Sales up overall but some problems appear.

by on Jun.06, 2012

GM China President Kevin Wales.

Signs of a looming economic slowdown failed to stop General Motors and its joint ventures from chalking up record sales in China last month – though it remains to be seen if the U.S. maker can continue to defy the unexpected downturn that is tripping up much of the rest of the Chinese economy.

That could be a serious problem for GM which saw record sales of more than 2 million vehicles in China last year, a surge in demand that helped it regain its position as global automotive sales leader.  GM is, meanwhile, hoping to more than double that figure, targeting Chinese sales of 5 million by mid-decade.

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Whether the Chinese market will cooperate is uncertain. Auto sales actually slipped during the first quarter, though the general consensus has been for about 10% to 12% growth for the full year — but even that target, modest by recent Chinese standards, is now in question.

“The increase in auto sales in China has recently slowed dramatically, and we expect this trend to continue because of slowing economic growth, high gasoline prices, and the expiration of government incentives for car buyers,” warns Standard & Poor’s credit analyst Robert Schulz.

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GM Sets New Sales Record – Again – in China

Another month, another record?

by on May.08, 2012

The Buick Envision concept car at last month's Beijing Motor Show.

Another month another record seems to have become the prevailing pattern for General Motors in China. The U.S. giant and its various Chinese joint ventures set a domestic sales record for April of 227,217 vehicles.

Demand was up 11.7% from the same month in 2011, GM reported as it continues to defy the slowdown in China’s vehicle market due to the strength of the Wuling brand, which is marketed to customers in China’s vast interior.

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GM has also been gaining traction with the all-new Baojun brand.  Launched late last year, it’s a joint effort of the U.S. maker and partners SAIC and Wuling.  Baojun is specifically targeting the next generation of first-time buyers as China’s economic boom spreads from the Pacific Coast to the country’s interior and western provinces.

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GM China Sales Surpass U.S. For First Time

Gap likely to widen as May trend extends to six months.

by on Jul.02, 2010

GM has launched 14 new models in China in the last two years, including the 2010 Cadillac SRX.

For the first time ever, China has become General Motors’ single-largest national market, sales for the first half of the year in the booming Asian economy surpassing those in GM’s home U.S. market.

With the carmaker’s Chinese sales expected to reach 2 million this year, and 3 million by 2015 – the gap seems likely to continue widening, GM indicates.

For the first six months of 2010, Chinese buyers snapped up 1.21 million GM vehicles, which are sold in that country under the Buick, Chevrolet and other brand badges.  By comparison, volume totaled just 1.08 million, even though June marked the sixth month in a row of sales growth for the maker’s U.S. core brands.

GM officials confirmed this is the first time one of the company’s foreign operations has “consistently” outperformed the U.S. in the automaker’s 102-year history.

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And considering the harsh criticism GM and its management have faced in the wake of the company’s 2009 bankruptcy, China’s strong performance comes as a bit of vindication.  Former Chairman and CEO John Smith took tremendous heat, in the late 1990s, when he first announced plans to set up a manufacturing operation in what was then little more than a backwater automotive market.

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