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GM sets February sales record in China; up 30.4% to 240,554 vehicles

General Motors and its joint ventures sold 240,554 cars and trucks in China in February, setting a record for the month. Sales rose 30.4% from February 2011 and were the third highest for any month in GM’s history in China.

All three of GM’s primary manufacturing joint ventures set February records as well. Shanghai GM’s domestic sales rose 31.8% year on year to 103,097 units; SAIC-GM-Wuling’s sales in China increased 28.7% on an annual basis to 130,193 units, and FAW-GM’s sales in the domestic market were up 39.2% year on year to 7,068 units.

Buick sales rose 31.1% on an annual basis to 52,773 units, a record for the month. Leading the way for the brand once again was the Excelle family, which registered a jump in demand of 70.7% from February 2011 to 23,564 units. It was followed by the Excelle XT and GT, which had sales growth of 70.3% to 11,890 units.

Chevrolet sales in China rose 23.7% on an annual basis to an all-time February high of 52,407 units. Sales of the Cruze increased 36.1% from the same month in 2011 to 20,662 units. New Sail sales rose 34.1% on an annual basis to 14,184 units. The Malibu, which launched on Feb. 15, got off to a solid start with sales of 3,333 units.

Sales of the Cadillac brand were up 6.6% year on year to 2,124 units—a record for the luxury brand in February. It was led by the SRX luxury utility vehicle, which had sales of 1,527 units.

Benefiting from Sunshine minivan sales of 50,950 units, the Wuling brand sold 117,969 units in China. This represented an increase of 24.5% from the second month of 2011 and was an all-time February high. The Baojun brand had sales of 8,017 units in its first February in the market.

In the first two months of 2012, GM and its joint ventures sold a record 487,208 cars and trucks in China, an increase of 7.7% from the same period last year.

GM has 11 joint ventures, two wholly owned foreign enterprises and more than 35,000 employees in China. In 2011, GM sold more than 2.5 million vehicles in China.

Comments

Dave R

And people wonder why gas prices are so high...

Combined with the tweet about Saudi Aramco announcing deepwater drilling and enhanced recovery rates in existing well, it's pretty clear that oil supplies are tightening up.

Account Deleted

For comparison GM sold 210,000 vehicles in February 2012 in USA so China is now GM’s primary market.

http://media.gm.com/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2012/Mar/gmsales

SJC

Dave,

It has been written that the Saudi oil fields are in decline and their ability to be the "swing producer" may be waning.

To me it is obvious, all oil fields decline, you can keep them active through various means, but it is the replacement ratio that is important.

Now with India, China and other countries buying and driving more cars, the demand is obviously increasing and the supply is getting harder to come by. This adds up to one obvious conclusion that some refuse to see.

Stan Peterson

SJC,

If you restrict supply, the monopolistic cartel of Nationalized Oil companies gain.

It is apparent that there are most of a millenia worth of petrolum avialable, if the sources can be accessed. But for wahtever reason, some people prefer to restrict developemnt and not make that supply available.

The majority of the America is off limits to petroleum production. Virtually all off shore sources except for a tiny portion of the Gulf has been availble and that Gulf area is largely now restricted on the basis of a moratorium after a single accident.

In any case, the desire by some for others, for the return to the caves as Noble Savages, will not succeed. The Volt automobile, a partial Tour de Force showed that the existing production volume of manufactured synthetic alcohol fuels is already sufficient to provide all our Ground Transport needs, if all the fleet were to duplicate Chevy Volt technology, even without a drop of petroleum.

Our concern to reduce and eliminate toxic pollution has succeeded beyond our wildest dreams. Petrol based ZEVs are as clean as EVs, and in practice, even cleaner becsuse they cleanse the Air as they run, something EVs don't do.

So no matter how our stupid, wistful, idiots are entranced by the Romantic Poets view of civilization, Mankind won't return to the caves in any case.

HarveyD

Yes Stan...the world will go from 1) Wood to 2) Coal to 3) Oil to 4) Bio-fuel and finally to clean abundant 5) Electricity.

USA cannot stick on 3) forever but must progress to 5) ASAP. That's the way to make sure not to return to the caves you mentioned.

HarveyD

Meanwhile, the economy is shifting fast form Europe-Americas to Asia. GM (and many others) did the right move. At least for the next 2 or 3 decades or so.

kelly

"GM (and many others) did the right move(..to Asia).", but with US tax dollars while waving the American flag.

danm

Stan P, YOu completely invalidate your comment with the phrase "return to the caves".
You gloss over the gulf spill as "a single accident". A single accident, yes. Imagine what a few more of those could do. (Ask the shrimpers and fishermen). One was enough for most people.
Now if GM would take the VOLT technology they've developed and make it less expensive...something I could afford, that would be a big step in the right direction.

SJC

CNG/LNG for trucks, HEV/PHEV/BEV for cars, synthetic fuels from natural gas/biomass/IGCC for everyone else.

It will take action on all fronts to make a difference. I not only want to eliminate middle east oil, I want to get rid of OPEC oil for good.

Engineer-Poet

This got a long way from GM's China sales in a hurry.

There are wildcards in the OPEC independence game.  Power-from-the-road is one of them.  Since it requires political buy-in it's a lower-probability scenario than many others, but it could change things radically if adopted.

SJC

18 million cars per year selling in China, the U.S. getting back to 16 million, the world buying more than 80 million units per year and 90 million barrels of oil per day may be the maximum production.

More cars, more oil demand, flat supply, bidding wars, it all adds up to a need for a different way. I suggest one of them.

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