GM and Ford gain sales at expense of Japan brands
Source: Bloomberg News |
November 6, 2012, Tuesday
|
Print Edition
Print Edition
GENERAL Motors Co and Ford Motor Co have reported gains in sales in the world's largest auto market last month as Chinese consumers shunned Japanese brands amid a territorial dispute between the two countries.
Deliveries of GM's cars and minivans in China climbed 14 percent to 251,812 units in October, the Detroit-based automaker said in a statement on its website yesterday. Ford sold 60,518 vehicles last month in the country, or 48 percent more than a year earlier, according to an e-mailed statement.
US auto brands have gained from the consumer backlash against Japanese carmakers, including Toyota and Honda.
"The influence on consumer mentality here could be long-lasting," said Lin Huaibin, a Shanghai-based analyst at IHS Automotive. "This is bad news for the Japanese OEMs and very good news for the Germans and Americans."
Deliveries of GM's cars and minivans in China climbed 14 percent to 251,812 units in October, the Detroit-based automaker said in a statement on its website yesterday. Ford sold 60,518 vehicles last month in the country, or 48 percent more than a year earlier, according to an e-mailed statement.
US auto brands have gained from the consumer backlash against Japanese carmakers, including Toyota and Honda.
"The influence on consumer mentality here could be long-lasting," said Lin Huaibin, a Shanghai-based analyst at IHS Automotive. "This is bad news for the Japanese OEMs and very good news for the Germans and Americans."
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