GM sets October retail sales record in China, Up 15%
05 November 2015
General Motors and its joint ventures’ retail deliveries rose 15% year-on-year to a record 327,037 vehicles in China in October, with Buick posting its best-ever monthly sales.
Buick sales gained 42% in October, with monthly sales exceeding 100,000 units for the first time. The increase was led by the Excelle GT and Envision SUV. Sales of the Excelle GT more than doubled last month from a year earlier.
GM is well positioned to capture the growth opportunities in the SUV, MPV and luxury segments, and our new products are gaining market share. The recently announced government incentive for vehicle purchases helped boost buying sentiment starting in October.—GM Executive Vice President and GM China President Matt Tsien
Increasing demand for SUVs, MPVs and luxury vehicles continued to support GM’s sales last month. The Buick Envision and Baojun 560 led the sales growth of GM’s SUVs in October, jumping 255% on an annual basis.
Cadillac sold an October record 5,757 luxury vehicles in China, an increase of 23% year on year. Sales of the ATS-L reached a new high for the month. A new eight-speed transmission was added to the ATS-L last month. The model is the first vehicle in China with OnStar 4G LTE capability.
Baojun sales jumped 113% to 51,589 units from the previous October, setting an all-time high for the period. The Baojun 560 became the second-best-selling SUV in China within three months of its launch on July 18, according to data from the China Association of Automobile Manufacturers (CAAM).
Chevrolet sales declined 8.4% year on year to 51,173 units in October mainly due to a model changeover. Late last month, Chevrolet launched the all-new Malibu in China.
Wuling sales dropped 6.8% to 116,786 units in October from a year earlier due to continued contraction of the mini-commercial vehicle market.
During the first 10 months of 2015, retail sales by GM and its joint ventures in China increased 2.9% on an annual basis to a record 2,819,465 units.