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GM in China sets new September sales record
8 October 2012
General Motors and its joint ventures sold a September record 244,266 vehicles in China, up 1.7% from September 2011 and 10.5% from August.
During the first nine months of 2012, sales by GM and its joint ventures in China increased 10.0% on an annual basis to a record 2,081,812 units.
Shanghai GM’s domestic sales were up 3.7% year on year to an all-time September high of 120,010 units. SAIC-GM-Wuling’s sales in China also set a September record, increasing 0.4% to 119,510 units. Domestic sales by FAW-GM were down 5.0% to 4,581 units.
Chevrolet sales in China totaled 56,166 units in September, a record for the month and an increase of 3.2% year on year. The brand was again led by the Sail, with sales of 18,786 units, and the Cruze, which had sales of 18,338 units. In addition, the Malibu set an all-time monthly sales record of 8,280 units.
Buick’s September sales in China declined 1.8% on an annual basis to 62,120 units. Sales of the original Excelle family totaled 23,186 units. It was followed by the Excelle XT and GT, which generated sales of 15,311 units. Demand for the Regal of 9,026 units was an all-time monthly high.
Cadillac sales in China during September totaled 2,585 units, a drop of 8.3% year-on-year. It continued to be led by the SRX luxury utility vehicle, which sold 1,800 units.
Wuling sales in China totaled 109,502 units in September, down 2.5% year on year. Baojun sales during the month were 9,147 units, up from 1,945 units sold in September 2011.
Shanghai GM’s domestic sales were up 6.7% to 966,832 units, SAIC-GM-Wuling’s domestic sales were up 13.7% to 1,070,131 units, and FAW-GM’s domestic sales were down 1.4% to 41,249 units.
October 8, 2012 in Brief | Permalink | Comments (8) | TrackBack (0)
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GM will soon become a primary Chinese manufacturer if not already so. The name could be changed to GMCC? (C for China?)
Times are changing?
Posted by: HarveyD | October 08, 2012 at 09:39 AM
$50B in tax dollars goes a long way..
Posted by: kelly | October 08, 2012 at 10:05 AM
@kelly not really. $50B is a drop in the bucket.
the US bought $1.16Tillion more than it sold to China
Posted by: dursun | October 08, 2012 at 01:21 PM
$50 billion plus tax credit (for what the original stockholders lost), all to GM goes a long way for GM.
Ford is paying dearly for refusing to accept our money.
Posted by: ToppaTom | October 08, 2012 at 02:22 PM
Yes TT, GM got you/us both ways...all your/our old shares + $50B +15B = $65B tax credits and/or hand outs. And nobody was put in jail!
However, that's a drop in the bucket. Wait till the $648T (43 times USA's 2011 GNP and 40 times USA's national debt and rising) empty worthless derivatives fall from the sky. There will be enough tears and cries to fill the ocean. Will we be able to print enough money to compensate?
Posted by: HarveyD | October 08, 2012 at 03:07 PM
But the banks and bankers should not be forced to pay for their poor choices.
That would wipe out much of the bonuses they got for doing it.
Would that be fair?
Posted by: ToppaTom | October 08, 2012 at 04:56 PM
That would be the minimum to do. Bonuses to lose $$$B is a real shame. A long jail term would be justified. They should also pay $1000/day while they are in jail so that poor people would not have to support them.
What will happen when over priced derivatives fall to their real value = zero?
Posted by: HarveyD | October 09, 2012 at 08:22 AM
Cadillac sales in China during September totaled 2,585 units, a drop of 8.3% year-on-year. It continued to be led by the SRX luxury utility vehicle, which sold 1,800 units. china manufacturing
Posted by: Edward Son | December 03, 2012 at 05:14 AM