GM and VW compete for largest foreign carmaker title in China for 2013

Article by Anita Panait, on December 27, 2012

The crown as the No. 1 foreign carmaker in China in 2013 is expected to go to either German auto company Volkswagen AG or US-based vehicle giant General Motors Co. This comes as their traditional Japanese rivals like Toyota Motor Corp. face uncertainty in China due to a territorial row between the country and Japan.

VW last led vehicle sales in China in 2004, and is expected to become a big threat to GM. According to industry researcher JSC Automotive Consulting, VW is expected to sell 2.7 million vehicles in China in 2013, helped by the popularity of its luxury Audi sedans with Chinese bureaucrats and buoyed by eight new or revamped models including the Santana, Golf, Skoda Octavia and Audi Q3.

JSC Automotive Consulting, meanwhile, said that GM would sell around 2.65 million vehicles in the Asian country, boosted by new offerings like the Cadillac XTS and three Opel models.

According to eight analysts surveyed by Bloomberg News, passenger-vehicle sales in China would likely accelerate and grow up to 10 percent in 2013, when a rebound in Chinese economy is expected to occur.

New Chinese leaders that would take their seats in March 2013 may introduce economic stimulus to boost domestic demand, Autoforesight Shanghai Co., LMC Automotive and Synergistics Ltd. forecast. Lin Huaibin, an analyst for IHS Automotive in China, remarked that when the economy stabilizes, consumers in China will have more confidence to acquire cars, adding that a lot of indicators have shown Chinese economic improvement since September 2012.

Foreign carmakers are boosting their investment in China, hoping to offset their dwindling sales in Europe with the robust demand for vehicles in the Asian country. According to the China Association of Automobile Manufacturers, total vehicle sales may exceed 19 million units in 2012. Toyota is expected to recapture its title as the largest carmaker in world in 2012, with VW and GM fighting for second place in the final week of the year

Topics: gm, vw, china

If you liked the article, share on:

Comments

Recommended

Volkswagen of America has a nice surprise for potential customers of the new VW Tiguan (2018 model year). The latest iteration of the Tiguan – set to arrive in the...
by - May 25, 2017
Toyota Camry is many things but exciting isn’t one of its frequent descriptions. That’s why throughout the years, Toyota has been stepping up its game for the said model in...
by - May 25, 2017
Volkswagen intends to leave the crowd in awe at the Worthersee Meeting (Wortherseetreffen) – the largest VW and Audi car show in Europe – with its new GTI Worthersee concept. ...
by - May 25, 2017
The much-hyped 2018 Dodge Challenger SRT Demon certainly has attracted a lot of attention, and possibly many potential buyers. Now, here is good news for interested customers: Dodge has finally...
by - May 25, 2017
An RHD (right hand drive) BMW M4 DTM Champion Edition has been listed to be for sale by Romans International, UK’s leading supercar dealership. The first owner of this rare...
by - May 24, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries