GM’s China sales rose to a record in March

Article by Christian Andrei, on August 26, 2010

For a third straight month, sales in China for General Motors Co. exceeded its US deliveries, emphasizing the country's significance as the world's largest auto market.

GM sales in China last March were also at a record high. GM is the biggest foreign automaker in China. In a statement, GM said that sales rose by 68% to 230,048 vehicles last month. 

Meanwhile, Toyota Motor Corp. had a 33% gain and Hyundai Motor Co. had a 47% increase.

US sales for GM rose 21% last March to 188,546. GM has a goal to raise sales in China to 2 million vehicles in 2010 from 1.83 million in 2009, when government subsidies boosted the nation's auto demand 46% from a year earlier, surpassing the US for the first time.

The growth rate in China is expected to slow but this doesn't discourage carmakers to add production capacity. Qin Xuwen, an analyst at Orient Securities Co. in Shanghai, said that there is a "continuous demand" for cars in China.

Qin Xuwen said that while carmakers wouldn't be concerned about making sales, they may be forced to cut prices due to the increase in capacity.

Sales in China for Toyota rose to 61,200 vehicles last month. Hyundai, which holds the record of being the fastest- growing foreign automaker in China last year, sold 61,638 units. [via autonews]

Topics: gm, china, sales

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

More positive news has been pouring in before the year ends. For those who have been waiting to hear the latest word on Toyota 86, we have some great news....
by - December 10, 2016
Hyundai is making the green vehicle race more competitive by offering three powertrain types -- pure electric (EV), hybrid (EV plus combustion engine) and plug-in hybrid (PHEV) – in one...
by - December 9, 2016
Although specs for the new Renault Megane had already surfaced several weeks ago, we didn’t know that the company has cooked up something new. Aside from the 200hp gasoline, Renault‘s...
by - December 9, 2016
For the first time in fifty-eight years, Infiniti registers its first US-Spec Q60 Coupe in Cuba. American products have not been allowed entry into Cuba for six decades. But it...
by - December 9, 2016
Chevrolet has already given out the pricing for some of its 2018 Equinox models. Not only will the new Equinox be available in both the US and Canada, it is...
by - December 9, 2016
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