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Posts Tagged ‘new vehicle sales China’

Ford Suffers, GM Coasts in March Sales in China

Volkswagen posts a sales increased in March.

by on Apr.17, 2018

Strong Malibu sales in March helped GM to a small sales gain of 2%.

Ford Motor Co. saw its sales in China, the world’s largest automotive market, drop by 11% during March, while General Motors eked out a 2% gain as its sales continue to grow.

GM, which will now report its China sales quarterly rather than monthly in the future, said its joint ventures in China delivered a March record of 352,346 vehicles. Buick and Cadillac enjoyed record deliveries in March, while Chevrolet grew 35% from a year earlier, GM said.

Industry News!

Sales in the first three months of 2018 increased 8% on an annual basis to 986,052 units. (more…)

China Posts Meager Auto Sales Gain in 2017

Sport-ute led the way to small 1.4% increase last year.

by on Jan.12, 2018

Auto sales in China increased marginally for 2017, but they were led by sport-utilites.

China’s auto sales stalled in December and ended 2017 up a meager 1.4% compared with a year ago results as the popularity of SUVs helped to offset falling demand for sedans, the China Association of Automobile Manufacturers said.

With global car makers such as General Motors, BMW, Volkswagen AG, Mercedes-Benz, Toyota and Nissan all reporting solid, but not spectacular, gains during 2017, smaller local brands common to almost every province and international brands such Ford and Hyundai, appeared to suffer the most for the slowdown, which was due in part to the end of special tax credits.

Global Auto News!

The growth rate was barely one-tenth the previous year’s 15% rate, which was boosted by a temporary tax cut. (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…)