General Motors China sales in March rose 24.6% year on year to a monthly record of 137,004 vehicles as government stimulus policies kicked in.
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GM attributed the strong sales growth in its second largest market to new products, according to Reuters.
“Our strong performance in March demonstrates the early success of GM’s new product offensive in China,” GM China group president Kevin Wale said in a statement.
The Chinese auto market has received a strong boost in recent months from government policy support measures, the news agency noted. It quoted the official Shanghai Securities News citing a senior government planning official as saying data from the country’s big auto groups indicated the country’s overall vehicle sales may have hit a monthly record last month – official sales results are due tomorrow.
GM told Reuters its SAIC-GM-Wuling joint venture, which posted particularly strong growth in minivan sales, benefited from preferential government policies for vehicles with small displacement engines. GM and its joint ventures will launch five new Chevrolet and Buick products in China over the next two years, the automaker said.
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