News Column

GM China Posts Record 12.6 Percent Sales Boost

April 3, 2013

Nathan Bomey

General Motors (NYSE:GM) posted a 12.6% sales increase in China in March, capping a record first quarter for the automaker in the world's largest vehicle market.

GM, which sells more vehicles in China than in the U.S., recorded a 9.6% sales increase in the first quarter to 816,373 units.

In March, the company's Shanghai GM unit achieved a 15.2% increase to 126,785 units. That included a record March for Buick, which rose 22.8% to 70,118 units.

An encouraging sign for GM was the 32.2% increase in sales for Cadillac to 3,629 vehicles. The luxury brand benefited from the arrival of the XTS large sedan. which recently started production in Shanghai.

But Chevrolet sales fell 3.1% to 53,038 units, GM said.

GM China's Wuling unit sold 148,060 units in March, up 13.7%.

For more coverage on the automotive industry, please see HispanicBusiness' Auto Channel

Source: (c) 2013 the Detroit Free Press. Distributed by MCT Information Services

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