GM posts the slowest sales rise in 8 months as deliveries decline
Source: Bloomberg News |
October 9, 2012, Tuesday
|
Print Edition
Print Edition
GENERAL Motors Co, the biggest foreign automaker in China, said sales in the nation rose 1.7 percent in September, the slowest growth in eight months, as deliveries of Buicks and Cadillacs declined.
Deliveries of cars and minivans climbed to 244,266 units in September, the Detroit-based automaker said in a statement on its website yesterday. That compares with a 7.3 percent gain for deliveries in August.
Sales of Buicks fell 1.8 percent in September after climbing 2.8 percent in August, while Cadillac sales dropped 8.3 percent last month, GM said.
GM's total sales for the first nine months of this year to dealerships in China rose 10 percent to 2.08 million units, according to the statement.
GM has outperformed China's industry average this year as it opened more dealerships in the country, a key market to the company retaining its title as the world's largest automaker after it was outsold by Toyota Motor Corp in the first half.
Sales of SAIC-GM-Wuling Automobile Co, the venture that makes Wuling mini-commercial vehicles, gained 0.4 percent to 119,510 units last month, it said. Deliveries at FAW-GM Light Commercial Vehicle Co, the venture with FAW Group Corp, fell 5 percent to 4,581 units.
Chevrolet sales rose 3.2 percent to 56,166 units, a record for the month, GM said.
Average passenger-vehicle prices have fallen every month this year as dealerships increased discounts to reduce a glut of inventory, according to National Development and Reform Commission data in September.
Sales in the world's largest vehicle market have slowed alongside the economy, with data showing industrial output in August increased at the slowest pace in three years.
Deliveries of cars and minivans climbed to 244,266 units in September, the Detroit-based automaker said in a statement on its website yesterday. That compares with a 7.3 percent gain for deliveries in August.
Sales of Buicks fell 1.8 percent in September after climbing 2.8 percent in August, while Cadillac sales dropped 8.3 percent last month, GM said.
GM's total sales for the first nine months of this year to dealerships in China rose 10 percent to 2.08 million units, according to the statement.
GM has outperformed China's industry average this year as it opened more dealerships in the country, a key market to the company retaining its title as the world's largest automaker after it was outsold by Toyota Motor Corp in the first half.
Sales of SAIC-GM-Wuling Automobile Co, the venture that makes Wuling mini-commercial vehicles, gained 0.4 percent to 119,510 units last month, it said. Deliveries at FAW-GM Light Commercial Vehicle Co, the venture with FAW Group Corp, fell 5 percent to 4,581 units.
Chevrolet sales rose 3.2 percent to 56,166 units, a record for the month, GM said.
Average passenger-vehicle prices have fallen every month this year as dealerships increased discounts to reduce a glut of inventory, according to National Development and Reform Commission data in September.
Sales in the world's largest vehicle market have slowed alongside the economy, with data showing industrial output in August increased at the slowest pace in three years.
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