CHINA: GM establishes uses car venture with SAIC
By just-auto.com editorial team | 28 October 2010
General Motors has established a used car joint venture with its Chinese partner SAIC to expand into a largely untapped segment of what has become the world's largest auto market.
The joint venture, which GM says is the first of its kind in China, will offer used GM brands as well as selected models from other carmakers.
The new venture will set up about 20 facilities across China within the next five years, which would acquire, repair and certify used cars for resale, GM China said.
Kevin Wale, president and managing director of GM China, said: "There is currently no standardised system for the sale of previously owned vehicles in China. Our new joint venture is adopting unified nationwide standards for the sale and service of used cars."
GM currently has nine other joint ventures with SAIC in China including Shanghai GM. The country overtook the United States last year to become the world's biggest auto market.
GM and its Chinese partners expect to sell more than 2m cars there this year after selling a record 1.83m in 2009.
Sectors: Retailing, marketing & distribution, Vehicle manufacturers
Companies: GM
View next/previous articles
28 Oct 2010 -
28 Oct 2010 -
Currently reading -
CHINA: GM establishes uses car venture with SAIC
Related company research
Car manufacturing - BRIC (Brazil, Russia, India, China) Industry Guide
Datamonitor's Car manufacturing - BRIC (Brazil, Russia, India, China) Industry Guide is an essential resource for top-level data and analysis covering the BRIC (Brazil, Russia, India, China) Car manufacturing industry. The report includes easily comp...
Car Manufacturing - North America (NAFTA) Industry Guide
Datamonitor's Car Manufacturing - North America (NAFTA) Industry Guide is an essential resource for top-level data and analysis covering the Car Manufacturing industry in each of the North American Free Trade Agreement (United States, Canada, and Mex...
General Motors 2010 company profile edition 2
This latest edition just-auto company profile is part of a major series of reports that will provide you with convenient and concise analysis on the world's largest component and vehicle manufacturers. Each individual company is profiled in a consist...
There are currently no comments on this article
Be the first to comment on this article