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GM posts 7.3% rise in China sales
Source: Bloomberg News |
September 6, 2012, Thursday
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Print Edition
Print Edition
GENERAL Motors Co, the biggest foreign automaker in China, yesterday said sales in the nation rose 7.3 percent last month, led by demand for its Chevrolet vehicles.
Deliveries of cars and minivans climbed to 220,996 units in August, the Detroit-based automaker said in a statement. Chevrolet sales, which fell in July, rose 15 percent to 53,207 last month. Buick sales gained 2.8 percent to 57,603.
GM, whose Buick Excelle sedan is China's top-selling passenger car model this year, has outperformed the industry average this year as it opened more dealerships and Chinese buyers opted to buy more foreign-branded cars. China is key to GM retaining its title as the world's largest automaker after being outsold by Toyota Motor Corp in the first half of this year.
For the first eight months, GM's total sales to dealerships rose 11 percent to 1.84 million units, the statement said.
Sales at SAIC-GM-Wuling Automobile Co, the venture that makes Wuling mini-commercial vehicles, gained 3.4 percent to 106,500 units last month, the statement said. Deliveries at Shanghai General Motors, the venture with SAIC Motor Corp that makes Buick and Chevrolet cars in China, rose 12 percent to 110,209 units in August.
China's passenger vehicle sales growth will accelerate in the second half, rising 15 percent to 8.48 million units, on demand from first-time buyers and as the economy rebounds, the China Association of Automobile Manufacturers said in July.
Deliveries of cars and minivans climbed to 220,996 units in August, the Detroit-based automaker said in a statement. Chevrolet sales, which fell in July, rose 15 percent to 53,207 last month. Buick sales gained 2.8 percent to 57,603.
GM, whose Buick Excelle sedan is China's top-selling passenger car model this year, has outperformed the industry average this year as it opened more dealerships and Chinese buyers opted to buy more foreign-branded cars. China is key to GM retaining its title as the world's largest automaker after being outsold by Toyota Motor Corp in the first half of this year.
For the first eight months, GM's total sales to dealerships rose 11 percent to 1.84 million units, the statement said.
Sales at SAIC-GM-Wuling Automobile Co, the venture that makes Wuling mini-commercial vehicles, gained 3.4 percent to 106,500 units last month, the statement said. Deliveries at Shanghai General Motors, the venture with SAIC Motor Corp that makes Buick and Chevrolet cars in China, rose 12 percent to 110,209 units in August.
China's passenger vehicle sales growth will accelerate in the second half, rising 15 percent to 8.48 million units, on demand from first-time buyers and as the economy rebounds, the China Association of Automobile Manufacturers said in July.
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