With the end of China’s government stimulus program by the end of the year, General Motors Co. forecasts that its sales growth in the country will drop drastically in 2010. In an interview with Reuters, Kevin Wale, president of GM’s China operations, said that China sales were expected to rise 50 percent in 2009 but in 2010, only 10 percent to 15 percent is expected. At the sidelines of the Guangzhou Auto Show, Wale had said that GM’s full-year forecast had been changing each month. Unlike most markets throughout the globe, China’s auto market has been a major bright spot in 2009 due to a number of government incentives, including aggressive cuts in sales taxes on small cars. GM’s China vehicle sales in October more than doubled from a year earlier to 166,911. From January to November, GM and its joint venture partners have sold a total of 1.5 million vehicles in China.

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Business for General Motors in China continues to be impressive. GM has just sold the 1 millionth vehicle in China in 2009. The lucky owner of the 1 millionth vehicle (a silver Buick LaCrosse sedan) is Ye Banjun. And this isn’t GM’s first time. According to figures given by the company, this is the third consecutive year when GM and its Chinese allies exceeded 1 million sold cars in the country. The first time that GM reached this milestone was in 2007 when General Motors became the first global automaker to surpass 1 million unit sales in China in a calendar year.

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GM is taking advantage since it rose again from the ashes and is catching up with big plans of smart expansion in the two most attractive markets at the moment, China and Brazil. After registering great success in Brazil, the American car producer is planning two new models destined for South America which would potentially give around 1000 new jobs.

For China, GM is expected to develop up to 6 new economic models in the next 2 years, mostly Buick and Chevrolet branded. The investment will be dived, half from their own revenues and half obtained from state banks loans. For the next period, all GM’s efforts will be oriented in developing and expanding their 4 core brands – GMC, Buick, Cadillac and Chevrolet –while all their other assets will abandoned and will rest in bankruptcy, as the court will probably sell or liquidate them.

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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.

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