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GM sets annual sales record in China

7 December 2012

With a month of sales remaining, General Motors and its joint ventures set an annual sales record in China. With domestic sales of 260,018 vehicles in November, GM’s sales in 2012 reached 2,593,642 units in the first 11 months compared with 2,547,171 vehicles sold in China for all of 2011.

Last month’s sales were the highest ever for November and the second-highest for any month in GM’s largest market, rising 9.7% from November 2011. (By comparison, GM sold 186,505 vehicles in the US in November, bringing the 11-month 2013 total to 2,349,984 units.)

During the first 11 months of 2012, sales by GM and its joint ventures increased 10.4% year on year. Shanghai GM’s domestic sales grew 8.7% to 1,220,887 units. SAIC-GM-Wuling’s domestic sales grew 12.5% to 1,318,473 units. FAW-GM’s domestic sales decreased 1.0% to 50,345 units.

Shanghai GM sold an all-time monthly record 136,444 vehicles in China last month, as demand for its products increased 20.6% year over year. SAIC-GM-Wuling’s domestic sales were down 0.5% on an annual basis to 118,536 units. FAW-GM’s sales in China rose 4.2% from the same month last year to 4,837 units.

Buick once again led the way for Shanghai GM, as sales increased 17.4% year on year to a November record 70,172 units. Demand for the original Excelle family totaled 23,381 units. It was followed by the Excelle XT and GT, which sold 17,716 units—an increase of 16.1% from November 2011 and the models’ second-highest sales for any month. Setting a monthly record was the Regal, which sold 9,204 units—an increase of 12.4% on an annual basis. The Encore SUV got off to a strong start, with 6,025 units sold in its first month on the market.

Chevrolet also set a November sales record in China. Demand was up 15.3% on an annual basis to 63,012 units. It continued to be driven by the Sail family, which had sales of 22,394 units, a 10.6% increase year on year, and the Cruze, which had increased sales of 1.6% from November 2011 to 22,216 units. Malibu sales totaled 7,697 units in the midsize sedan’s first November being offered in China.

Cadillac set an all-time monthly sales record in China of 3,260 units, an increase of 8.4% on an annual basis. Leading the way in November were the SRX, with sales of 2,082 units, and the SLS, which had record monthly sales of 1,029 units.

Wuling sales in China dropped 0.5% year on year to 108,304 units in November. It continued to be led by the Sunshine, which had sales of 40,420 units.

Baojun’s November sales jumped 70.0% on an annual basis to 10,232 units, the brand’s second-highest monthly total ever. Its most popular model was the 630, which had sales of 6,429 units—an increase of 6.8% from last November.

December 7, 2012 in Brief | Permalink | Comments (2) | TrackBack (0)

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Comments

Will GM pay back (directly or indirectly) USA-Mich-Ontario-Canada ($60B) hand outs with made in China profits? Will that stop many China 'bashers'?

Apple wants to repatriate manufacturing of some of its platforms from Asian to USA but is having difficulties to find high quality local manufacturing facilities.

Will GM or the Gov. rectify the massive cash and tax break that put Ford at a distinct advantage in funding for R & D, plant modernization, pricing, marketing etc?

On the other hand it IS Ford's own fault for refusing Gov. "Entitlements".

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