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GM Sets New June, First Half Sales Records in China; China First Half Sales Outpace US

General Motors and its joint ventures set new marks for unit sales in China in the month of June and for the first half of the year. Sales in June rose 23.2% on an annual basis to 176,486 units. For the first half, sales were up 48.5% from the same period in 2009 to 1,209,138 units.

As a comparison, in the US GM sold 195,380 units in June, up 10.7% year-on-year, and 1,080,521 units for the first six months of 2010, up 13.2% from the same period in 2009. GM China sales for 1H2010 thus outpaced US sales by almost 12%.

Shanghai GM’s sales in June rose 18.9% to 71,782 units as the result of rising demand for its Chevrolet lineup, a jump in sales of its Cadillac products and the ongoing strength of its flagship Buick brand.

Sales of SAIC-GM-Wuling’s family of mini-vehicles grew 19.7% on an annual basis in June to 99,115 units, while FAW-GM sales totaled 5,220 units in the commercial vehicle joint venture’s first June reporting sales.

Last month, Chevrolet sales in China jumped 43.3% to 38,304 units, largely due to the strong demand for the Cruze lower-medium sedan and record monthly demand for the New Sail small car of more than 9,000 units. Cadillac sales in June were up 171.3% on an annual basis, as sales of the SRX luxury utility vehicle topped 1,100 units. Buick sales of 36,486 units continued to be buoyed by the Excelle passenger car, which registered sales of more than 17,000 units last month. Wuling sales in June rose 22.3% to 94,295 units, as demand for China’s most popular mini-commercial vehicle—the Sunshine minivan—exceeded 55,000 units for the month. Sales of GM’s imported Opel lineup were up 142.8% from June 2009.

Comments

HarveyD

Who would have believed that GM could sell more cars in China than in USA. This is turning out to be a very good move by GM. To go where future markets are (China, India,etc) is the way to survive. That may even be more evident with future EVs because people in those fast growing countries seem to be more inclined to buy smaller electrified vehicles.

kelly

"Who would have believed that GM could sell more cars in China than in USA."

Who wouldn't? They haven't been in touch with the free market for decades. Check a dealership, still mostly over 4,000 pound vehicles.

SJC

GM has sold more Buicks in China then in the U.S. for years. The Chinese see GM as value, a quality car at an affordable price. Status goes a long way increasing GM's market share in China.

HarveyD

These are changing times. With much faster economic growth + 4x the population, the Chinese market will be second to none in the very near future and India should be up there within one or two more decades. This is where the Big-3 should move their operations if they want to capture these huge growing markets and survive as major car manufactures. Wise move from GM. Will Chrysler and Ford follow?

ToppaTom

You say
"Who wouldn't? They haven't been in touch with the free market for decades. Check a dealership, still mostly over 4,000 pound vehicles."

If you mean in China, I'll pass on that dealership visit for now, but are you sure they do not have plenty of small vehicles available? I am not sure they were into the free market decades ago.

If you mean in the US, GM HAS been closely in touch with the free market.
Light duty vehicles, per
http://online.wsj.com/mdc/public/page/2_3022-autosales.html#autosalesE;

Year to date (Jan – June)
Sales . . . . Tot . . . . . Cars . . . . Trucks
GM . . . . . 1.1M . . . 420k. . . . . . 650k
Ford . . . . 1.01M . . . 400k # . . . 610k
Chry . . . . 0.53M . . . 160k # . . . 400k
Toyota . . 0.85M . . . 500k # . . . 400k
Honda. . . 0.60M . . . 350k # . . . 250k

You can see that Toyota is getting big in truck sales (it’s up 17% from 2009).

This is likely due to being IN touch with what buyers want.

But, if you like, we can blame it on heavy advertising, cooperation with BIG oil and brainwashing.

ejj

I think the word "general" in China is very prestigious - think "General's Chicken" (a chicken dish made for the general!), whereas in the US general is almost the opposite of prestigious. Also, I read that a pre-communism leader of China loved Buicks, making Buick is a revered brand. So General Motors (a car company run by the general!) plus Buick reverence equals big sales.

ToppaTom

Very good, ejj.

And remember back in that the same pre-communism era, we heard "See the USA in your Chevrolet".

What Chinese car buyer would not hear this and dream of emigrating or vacationing in the US and, of course, he then buys a GM car.

kelly

ToppaTom - http://www.cars.com/go/advice/Story.jsp?section=fuel&story=cafe&subject=fuelList

Even with the US Gulf oil disaster - you don't get it.

GM's light trucks are 14th of 17, 22.5mpg gas mileage, and nearly 70% trucks in the sales mix is a huge waste and embarrassment the US tax payer is stuck with.

If the world went to 100% EV's today, oil would still have enough chemical uses for price gouging.

ToppaTom

I understand that very well - because it is very simple.

What is equally simple is that sales figures prove that
GM HAS "been in touch with the free market for decades".

What you do not understand is this is not due to BIG oil, or GM.

GM can only sell what people will buy.

Unfortunately people buy too many big cars when there are plenty of Focuses, Priuses, Civics, Fiestas, Corollas, Camrys, etc.

The market is the general populace, the people.
You don't have to like it - just try to understand it and face it.

SJC

I can remember that in 1990 there was a gas guzzler tax that did not apply to trucks nor SUVs. If you wanted to buy a BMW 750 you paid the tax, if you bought a Suburban you did not.

Then came the popular Ford Explorer, it did not get good mileage nor did people pay a tax. More and more people bought them and we consumed more and more oil. Free market does not actually guarantee great outcomes.

richard schumacher

A useful truly free market requires that people be intelligent, fully informed, and in control of their base desires. Most people are not all of these all of the time, and so we need things such as the FDA, the SEC, the EPA, air bags, etc. As for fossil fuels: some people gorge on the candy of superficially cheap energy and the entire world gets the cavities of pollution.

SJC

Good analogy Richard, however some would call restrictions "nannyism", as if they have the right to make wrong decisions, even if it harms others.

ToppaTom

EXACTLY RIGHT, the free market does not guarantee great, or even good outcomes. Of course not.
It simply provides the most attractive, robust and effective version of what the people want at the best price. And it does that very well.

And if GM sells lots of big cars, it is because they HAVE are and been in touch with the free market for decades.

Most importantly; will the free market ensure people will want and buy what is best for society ? OF COURSE NOT.

But GM does not force us to buy SUVs instead of Priuses or Corollas.

No, Free will is the culprit. Freedom is the enemy.

We were so close to utopia in East Germany. But we still have Cuba.

Cuba libre Mercado !

Seriously, the path between anarchy/libertarianism and socialism is indeed difficult, but delusions about GM brainwashing us and killing the EV are worse than childish, they imply an ignorant intolerance.

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