Both General Motors and Ford set January sales records in China despite the continuing concerns about the Chinese economy.
In January, retail sales by General Motors and its joint ventures in China were up 7.3% year over year to a record 421,023 vehicles, as Buick posted its best-ever monthly sales, GM officials said. Demand was given a boost by the upcoming Chinese New Year holiday in early February.
Buick sales in January grew 39% from a year earlier to 138,907 units. Monthly sales of the brand exceeded 130,000 units for the first time, led by the Excelle GT and Envision SUV. Sales of the Envision more than doubled last month year over year. (more…)