GM shows record sales in China

Article by Christian Andrei, on August 26, 2010

GM reported a 38% increase in its sales in China in the first six months of 2009, compared to the same period in 2008, after having sold 814,442 vehicles. Included in this record are the sales of its joint ventures. Kevin Wale, GM's China Group President, said, "China's vehicle market continued to outpace most expectations for growth.

The market benefited from stimulus policies adopted by the Chinese government as well as growing demand for our personal transportation."

In an unprecedented record, GM and its joint ventures sold more than 100,000 vehicles during each month of the first half of the year. SAIC-GM-Wuling was the first joint venture in China to have sold more than 100,000 vehicles in a month. It also had a 50% increase after recording the sale of 524,598 units.

The venture's Wuling Sunshine minivan reported sales of 295,789 units, further stamping its reputation at the most popular vehicle in China. The Wuling Rong Guang minivan, which was launched only last year, had sales exceeding 100 units.

The Chevrolet Spark's sales rose 60% to 32,065 units. Sold under the Shanghai GM joint venture, the Buick also saw a marked increase in demand.

In the first half of the year, GM sold 195,989, a 34% increase. Whereas in the US, Buick sales plummeted by 33.6%, having sold only 47,223 units. GM may be facing financial difficulties in the US but it continues to reap tremendous sales in the Chinese market.

Topics: gm, china, sales

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