GM, Ford and Vw sales in China rise 27 percent in October

Article by Christian A., on November 13, 2010

New car sales for General Motors Co., Ford Motor Co. and Volkswagen rose in October as total market volume increased by 27.1 percent, as compared to the prior year.

This extended a rebound from August as people hurried to buy cars before the policy incentives of Beijing expire at the end of 2010. However, other automakers like BYD and Toyota Motor saw a decline in their sales for various reasons.

Industry observers say that in November and December, monthly sales could top the 1-million mark, thanks to those year-end advertising campaigns by carmakers who want to exceed or achieve their yearly sales target.

The China Association of Automobile Manufacturers (CAAM) said that a total of 1.2 million sport utility vehicles, sedans, and multi-purpose vehicles were shipped to dealers in October.

In comparison, 946,400 units were sold a year earlier. In 2009, Beijing introduced tax incentives for cars with engine sizes of 1.6 liters or smaller.

This move boosted China’s ranking to become to the world’s biggest auto market that year, surpassing the United States. The incentives, which were cut back since January 2010, are set to expire on Dec. 31. [via autonews - sub. required]

Topics: gm, vw, ford, china, sales

If you liked the article, share on:

Comments

Recommended

In the automotive industry, most brands will do what they can to expand their offerings to be present in every potential niche there is. The goal is clearly to increase...
by - April 30, 2017
Just days after unveiling the refreshed 2018 Toyota Yaris hatchback to the North American public at the 2017 New York Auto Show, the Japanese company is now disclosing how much...
by - April 30, 2017
The next generation Volvo XC60 will be soon on its way to dealerships and customers as the Swedish carmaker has already commenced production of the mid-sized sports utility vehicle at...
by - April 30, 2017
In September 27, 2016, Porsche initially filed for a patent that is the “Unique Active Rear Diffuser”. And earlier this week, on April 27, 2017, the United States Patent and...
by - April 29, 2017
The Insurance Institute for Highway Safety (IIHS) has given its Top Safety Pick+ award to the redesigned version of the 2017 Kia Cadenza. This was a result of excellent a...
by - April 29, 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