GM sells more than 250,000 vehicles in China in October; new record for month
06 November 2012
General Motors and its joint ventures sold an October-record 251,812 vehicles in China. Sales were up 14.3% on an annual basis, as GM’s major brands in China reached new highs for the month.
During the first 10 months of 2012, GM and its joint ventures sold 2,333,624 vehicles in China, an increase of 10.5% year-on-year and a new record for the period. Shanghai GM’s domestic sales grew 7.4% to 1,084,443 units. SAIC-GM-Wuling’s domestic sales grew 13.9% to 1,199,937 units. FAW-GM’s domestic sales decreased 0.5% to 45,508 units.
Shanghai GM sold 117,611 vehicles in China during October, a year-on-year increase of 13.8%. SAIC-GM-Wuling’s domestic sales rose 15.9% on an annual basis to 129,806 units. FAW-GM sold 4,259 vehicles in the domestic market, down 2.7% from October 2011.
Buick sold 60,510 vehicles in China last month, an increase of 7.7% on an annual basis. The brand was led by the original Excelle family, which sold 23,414 vehicles. In addition, the Excelle XT and GT had sales of 16,541 units, an increase of 68% year on year.
Chevrolet sales in China totaled 54,660 units, an increase of 8.3% from the previous October. Its best-selling model was the Cruze, with demand totaling 20,690 units—an increase of 4.6% year-on-year. Right behind it was the Sail family, which had sales of 18,385 units, a 14.9% increase year on year. Sales of the Malibu remained strong as well, totaling 7,843 units in the nameplate’s first October being offered in China.
Cadillac sales in China increased 19.5% on an annual basis in October to 2,491 units. Its best-selling model was the SRX, which experienced a sales increase of 31% to 1,677 units.
Wuling brand sales in China during October were 118,788 units, a year-on-year increase of 17%. It was led by the Sunshine, which had sales of 44,346 units. Another Wuling minivan, the Hong Guang, had sales of 34,220 units—an increase of 63.9% from last October.
Baojun set an all-time monthly sales record, surpassing 10,000 units for the first time. It sold 10,968 vehicles, more than twice the number of the previous October. Sales of the brand’s most popular model, the 630, rose 32.6% on an annual basis to 6,634 units.
GM has 12 joint ventures, two wholly owned foreign enterprises and more than 35,000 employees in China.
This is good for China. All of those GM cars will create a huge demand for auto mechanics to fix the POS GM cars and help keep the massive China labor force employed.
Posted by: TM | 06 November 2012 at 07:19 AM
TM, we gotta keep that $40B bailout from US taxpayers going.
Posted by: kelly | 07 November 2012 at 07:33 AM
TM...lets not exaggerate. I was driven around Beijing and North for one week in a new locally built Buick without a failure. Didn't see one single failed car on their highway.
Posted by: HarveyD | 09 November 2012 at 02:35 PM