{"id":124213,"date":"2018-03-12T10:14:38","date_gmt":"2018-03-12T14:14:38","guid":{"rendered":"http:\/\/www.thedetroitbureau.com\/?p=124213"},"modified":"2018-03-12T10:14:38","modified_gmt":"2018-03-12T14:14:38","slug":"ford-gm-sales-in-china-move-in-opposite-directions","status":"publish","type":"post","link":"https:\/\/thedetroitbureau.com\/2018\/03\/ford-gm-sales-in-china-move-in-opposite-directions\/","title":{"rendered":"Ford, GM Sales in China Move in Opposite Directions"},"content":{"rendered":"
\"\"<\/a>
Jim Hackett, Ford president and CEO, discusses the plans to expand sales in China.<\/figcaption><\/figure>\n

Ford Motor Co. suffered another sharp reversal of fortune in China\u00a0during February\u00a0where it reported vehicle sales dropped 30% from a year earlier while General Motors continues to roll up sales.<\/p>\n

The sales drop by Ford appeared to reflect a dearth of new products as the company continued to struggle in the world’s largest auto market.<\/p>\n

\"\"<\/a>
Global News!<\/figcaption><\/figure>\n

Ford’s sales dropped 18% in January and in February totaled just 47,483 vehicles, accounting for the 30% drop mentioned earlier.<\/p>\n

Sales volumes in the first two months of the year fell 23%\u00a0to 123,473 vehicles from the same period a year ago.<\/p>\n

In sharp contrast, GM and its joint ventures partners in China delivered 265,994 vehicles in February, an increase of 7.8%\u00a0on an annual basis despite fewer selling days due to the Chinese Lunar New Year holiday occurring last month versus in January in 2017.<\/p>\n

(Geely Chairman Shufu shaking up the industry. <\/em><\/strong>Click Here<\/a><\/span>\u00a0<\/strong>for the story.)<\/em><\/strong><\/p>\n

\"\"<\/a>
The debut of the new Baojun 530 is likely to only continue GM's strong sales results.<\/figcaption><\/figure>\n

Cadillac and Baojun both set February records. Buick had its highest growth in 17 months, while Chevrolet had its seventh month of double-digit growth in the past eight months, GM reported.<\/p>\n

In the first two months of 2018, GM and its joint ventures enjoyed a 12% sales increase with 633,706 units delivered. GM is introducing 15 new and refreshed models this year in China for sustained growth in its largest market.<\/p>\n

General Motors and its joint ventures in China delivered 265,994 vehicles in February. Sales grew 7.8% on an annual basis despite fewer selling days due to the Chinese Lunar New Year holiday occurring last month versus in January in 2017.<\/p>\n

Cadillac and Baojun both set February delivery records. Buick had its highest growth in 17 months, while Chevrolet had its seventh month of double-digit growth in the past eight months.<\/p>\n

(<\/em><\/strong>Click Here<\/a><\/span><\/strong> for more about the Chinese government extending EV incentives.)<\/em><\/strong><\/p>\n

In the first two months of 2018, GM and its joint ventures had 12% sales growth with 633,706 units delivered. GM is introducing 15 new and refreshed models this year in China for sustained growth in its largest market.<\/p>\n

GM and its Chinese partners are also moving out to other markets in Asia.<\/p>\n

Earlier this month, GM-SAIC-Wuling introduced \u201cthe new MPV choice\u201d for Indonesian consumers, the Cortez with features such as LED headlamps, 16-inch two-tone alloy wheels, dynamic fog lamps, a daytime running lamp and a 7-inch multi-information display into Indonesia.<\/p>\n

\u201cThe Cortez embodies the spirit of \u2018driving for a better life,\u2019\u201d said Wuling Motors Vice President of Vehicle Sales, Service and Marketing (VSSM) Cindy Cai. \u201cWe want to provide our customers an extraordinary experience.\u201d<\/p>\n

(To see more about GM and Ford sales in China, <\/em><\/strong>Click Here<\/a><\/span><\/strong>.)<\/em><\/strong><\/p>\n

MPVs accounted for more than 40% of the passenger vehicle market in Indonesia, the biggest car market in Southeast Asia.<\/p>\n","protected":false},"excerpt":{"rendered":"

In China, the Ford and General Motors sales trains remain on opposite tracks. Ford saw sales fall 30% in February while GM’s sales rose 7.8% last month. Find out what’s driving each maker’s results at TheDetroitBureau.com.<\/p>\n","protected":false},"author":20009,"featured_media":124214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[7,8,5],"tags":[],"make":[41,43,56,58,76],"post-state":[],"category_old":[150,151,192,185,287,248,243,261,132,283,139,128,278],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/124213"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/20009"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=124213"}],"version-history":[{"count":0,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/124213\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/124214"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=124213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=124213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=124213"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=124213"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=124213"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=124213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}