GM sales drop
Source: Bloomberg News |
May 6, 2011, Friday
|
Print Edition
Print Edition
GENERAL Motors Co, the biggest overseas auto maker in China, yesterday reported sales in China fell in April, the first decline since December, as the removal of government incentives dented demand.
GM sold 203,367 vehicles in China last month, the Detroit-based company said in a statement yesterday. That compared with sales of 213,112 units a year earlier. The fall followed delivery growth of 1.2 percent in March and a 6 percent rise in February.
Auto makers, including GM, Toyota Motor Corp, and Honda Motor Co, have seen car buying slow this year after China reinstated a 10 percent tax rate on small-car sales and phased out subsidies for vehicle trade-ins in rural areas. GM, which partners SAIC Motor Corp, aims to double sales in the world's largest auto market to 5 million units by 2015, it said last month.
GM sold 203,367 vehicles in China last month, the Detroit-based company said in a statement yesterday. That compared with sales of 213,112 units a year earlier. The fall followed delivery growth of 1.2 percent in March and a 6 percent rise in February.
Auto makers, including GM, Toyota Motor Corp, and Honda Motor Co, have seen car buying slow this year after China reinstated a 10 percent tax rate on small-car sales and phased out subsidies for vehicle trade-ins in rural areas. GM, which partners SAIC Motor Corp, aims to double sales in the world's largest auto market to 5 million units by 2015, it said last month.
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