General Motors and its joint ventures sold 252,567 vehicles in May in China, down 4% year on year, due mainly to model changeovers or phase-out.
May saw more SUV and MPV retail sales, up 21.8%, and a 10.9% increase in Cadillac sales.
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In the first five months of 2015, sales rose 5.1% to a record 1,472,186 vehicles.
“China’s vehicle market continues to grow at a moderate pace,” said GM executive vice president and GM China president Matt Tsien. “We expect about 6-8% annual growth which is significant given the size of the world’s largest passenger vehicle market.”
“We continue to respond to shifting consumer preferences with more new products in the high-growth SUV, MPV and luxury segments, including the Baojun 560 and Buick Envision, as well as the Buick Verano and new Chevrolet Malibu sedans. In addition, we are increasing production to meet demand for the popular Envision.”
SAIC-GM-Wuling sold a May record 133,093 units in China, an increase of 2.7%. Domestic sales by Shanghai GM were down 7.6% to 119,214 units.
Buick sales fell 12.9% to 62,601 units.
Chevrolet sales fell 2.2% to 50,021 units.
Baojun sales were up 293.8% (from an artificially low base) to 24,095 units. Wuling sales fell 11.7% to 108,998 units, due in large part to a model changeover of the Hong Guang MPV.
Between January and May, SAIC-GM-Wuling’s domestic sales grew 10.4% to 809,657 units, while Shanghai GM’s sales rose 3% to 660,270 units. Both were records for the period.
