GM sales in China rose 10 percent to 193,878 units in June 2011

Article by Christian A., on July 6, 2011

General Motors Co.’s sales in China declined in April and May of this year but the trend has reversed as its June sales had risen by 10% to 193,878 units, attributed to the rising demand for Buick and Chevrolet passenger cars.

GM’s sales fell by 2.7% drop in May while it had a 5% drop in April. On the other hand, Ford Motor Co. sold 44,442 units in China in June, an 11% increase from the same period a year ago.

Meanwhile, General Motors said that Shanghai General Motors Corp., its passenger car joint venture with SAIC Motor Corp., increased sales by 41% to 101,524 units. Buick sales increased by 48% in June compared to last year.

Chevrolet sales climbed by 34%. But then, GM's commercial micro-van partnership with SAIC Motor sold just 88,207 units, an 11% decrease.

This venture produces the top-selling vehicle in China, the Wuling Sunshine minivan. Industry sales of commercial vans have not been impressive since China had ended sales incentives for these vehicles at the end of 2010.

For the first six months of 2011, GM had sold 1.3 million vehicles in China. GM believes that its share in China is 14.7%; it has set a target to double its sales here to 5 million units by 2015.

Yankun Hou and Ming Xu, analysts at Nomura International Hong Kong Ltd., wrote a note to clients, saying that it’s likely that China's passenger-vehicle sales will have "strong sales growth" in June as buying sentiment recovers and the production at Japanese carmakers goes back to normal.

The March 11 earthquake in Japan had caused passenger car sales on the mainland to drop for the first time in over two years in May. The China Association of Automobile Manufacturers said that deliveries in May declined by 0.1% from the previous year to 1.0 million units.

Topics: gm, china, sales

If you liked the article, share on:

Pin It

Comments

Recommended

South Korean car company SsangYong recently revealed sketches of their upcoming SUV. We’re not always impressed by Korean car designs, but this one looks quite promising. Yup, it is the...
by - March 26, 2017
Twenty-eight years after the company was first launched by Toyota, which was initially targeted to the United States market only, Lexus has already made its way to over 70 countries....
by - March 26, 2017
Last year was probably Porsche’s best year ever in terms of sales. Their factory in Stuttgart delivered 237,778 cars in total, which represents a six percent increase compared to the...
by - March 26, 2017
Lamborghini has disclosed that it is looking into the possibility of releasing electric vehicles. With the Volkswagen Group revealing that it will be releasing electric vehicles within several years, there...
by - March 25, 2017
Daimler AG, through its Smart division, has disclosed that its two electric models, the Smart ForTwo and the Smart ForFour are now open for orders in Germany. Official market launch...
by - March 25, 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