General Motors and its joint ventures set a new August sales mark in China. Sales rose 7.3 percent from the previous August and 10.8 percent from July to 220,996 units.
All three of GM's key manufacturing joint ventures set sales records for the month. Shanghai GM's domestic sales were up 11.7 percent on an annual basis to 110,209 units. SAIC-GM-Wuling's sales in China rose 3.4 percent to 106,500 units. FAW-GM's domestic sales increased 17.4 percent to 4,117 units.
Buick sales in China were up 2.8 percent on an annual basis to 57,603 units, an all-time high for August. It was once again led by the original Excelle family, which had sales of 22,881 units, followed by the Excelle XT and GT, which had sales of 15,036 units – an increase of 33.0 percent. In addition, sales of the Regal were up 17.7 percent on an annual basis to 7,186 units.
Chevrolet sales in China also set an August record of 53,207 units, up 14.7 percent year on year. Sales of the Cruze totaled 20,043 units. Demand for the Sail rose 40.6 percent to an August record 16,176 units. Sales of the Malibu, which was introduced in February, set an all-time monthly record of 6,443 units.
Cadillac sold 2,104 units in China during August. Demand for the SRX luxury utility vehicle totaled 1,584 units.
Wuling sales in China set an August record of 99,790 units, an increase of 4.1 percent on an annual basis.
During the January-August period, GM and its joint ventures in China sold 1,837,546 vehicles, an increase of 11.2 percent year on year and a record for the period. Shanghai GM's sales in China grew 7.1 percent to 846,822 units. SAIC-GM-Wuling's domestic sales grew 15.6 percent to 950,621 units. FAW-GM's domestic sales decreased 1.0 percent to 36,668 units.
GM has 12 joint ventures, two wholly owned foreign enterprises and more than 35,000 employees in China. Passenger cars and commercial vehicles are sold under the Baojun, Buick, Cadillac, Chevrolet, Jiefang, Opel and Wuling brands.
In 2011, GM sold more than 2.5 million vehicles in China.
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 31, 2014
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