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General Motors Sets Sales Records in China

2K views 10 replies 9 participants last post by  sepi 
#1 ·
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General Motors and its joint ventures set new sales records for November and the year as a whole in China. In November, domestic sales increased 5.3 percent year on year to 310,094 units. For the first 11 months, sales in China rose 10.1 percent to 3,182,595 units – surpassing last year’s previous full-year sales record of 3,160,377 vehicles.

Shanghai GM sold 149,747 vehicles in China during November, a year-on-year increase of 5.4 percent. SAIC-GM-Wuling’s domestic sales rose 6.7 percent to 156,065 units. FAW-GM sold 4,282 vehicles, down 28.9 percent.

Buick sold 78,923 vehicles in China during November, an increase of 3.7 percent on an annual basis. The brand was led by the original Excelle family, which sold 22,325 vehicles, and the Excelle XT and GT, which sold 19,425 units. Sales of the Regal and Envision totaled 10,134 units and 6,795 units respectively.

Chevrolet sales in China came in at 64,006 units last month, an increase of 7.3 percent year on year. The brand was led by the Sail family, with sales rising 20.7 percent to 22,831 units. Right behind it was the Cruze family, which had sales of 20,486 units. Sales for the Malibu rose 8.9 percent to 10,082 units.

Cadillac sales in China increased 8.6 percent on an annual basis in November to 6,818 units. Its best-selling models were the XTS and SRX, which had sales of 2,777 units and 2,013 units respectively.

Wuling sales in China totaled 122,596 units in November, as sales of the Hong Guang family grew 16.0 percent to 69,808 units. Baojun sales during the month jumped 219.8 percent to 33,469 units. Sales for the Baojun 730 MPV was a monthly record 30,089 units.

During the first 11 months of 2014, domestic sales by Shanghai GM were up 9.6 percent year on year to 1,518,844 units, sales by SAIC-GM-Wuling were up 12.2 percent to 1,623,673 units and sales by FAW-GM were down 24.2 percent to 39,766 units.

In addition, between January and November, Buick sales rose 9.7 percent year on year to 825,163 units, Chevrolet sales were up 6.4 percent to 629,322 units, Cadillac sales increased 50.7 percent to 64,359 units, Wuling sales grew 8.9 percent to 1,480,647 units and Baojun sales jumped 63.2 percent to 143,026 units
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http://media.gm.com/media/cn/en/gm/news.detail.html/content/Pages/news/cn/en/2014/Dec/1203_sales.html
 
#5 ·
Perhaps because of reactions from people in the USA? Meaning there have been several complaints I've read on GMI that the styling of the CTS and ATS were "blanded down" for Chinese tastes. The better the sales in China mean that the better chance of future vehicles having their styling still leaning towards bland to appease Chinese tastes. Just a thought, otherwise no clue.
 
#8 ·
Ford was at 906,613 at the end of October (up 22% from 2013). Probably another 100k for Nov. Nice to see GM own this market.
 
#10 ·
Not a question of what the Chinese govt allows GM to make.

These press releases always tout the sales volumes with usually no mention of profitability. There's some profit but nowhere near what's made in NA despite the high sales.

Conversely, VW and MB are wildly profitable there.
 
#11 ·
At least some of the taxpayer's bailout dollars is actually working - the minimum of $5 billion diverted from saving American jobs that ended up going to China to expand operations there (and to satisfy the only idiots who would buy the debt that was needed to finance this fiasco). The Chinese are very happy - they'll get their money back (as the Treasury buys the debt from them and pays them their interest since no one else will) - and they'll get modern production facilities to employ their workers that need jobs. China made out like bandits!
 
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