GM China Posts Record First Half Sales

General Motors saw China sales grow in the second quarter of this year, but there was a big slowdown compared with the first three months of 2018.

GM sales in China were up eight percent in the first quarter of 2018, compared with the same period in 2017. But in the second quarter, the growth was much slower. Just 0.7 percent more than the same time last year.

That’s mostly due to a fall at Buick. Buick sold 230,454 vehicles, down 16 percent. GM Shanghai blames a switch to smaller displacement turbo engines, telling Reuters that “Buick is leading the industry in the deployment of the cutting-edge small displacement engines, but it takes time for sales to pick up after technology changeovers.”

Cadillac saw big sales of the XT5, XTS, and CT6, with sales of those vehicles up 14, 42, and 49 percent respectively. The brand sold 48,712 vehicles, up 19 percent from the second quarter of last year. Chevrolet saw 22 percent more deliveries, hitting 131,895. That puts the Malibu up 29 percent to 30,000 units, the Cavalier up 54 percent to 49,000, and the Equinox up 88 percent to over 19,000 sales.

GM moved a total of 858,344 vehicles in China during the quarter, that puts the automaker and its local joint ventures at 1.84 million sales for the year. Up 4.4 percent from the first half of last year, and a new record for the company.

[source: Reuters]

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