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August 6, 2015

CHINA: GM year to date sales set record

General Motors and its joint ventures booked record retail sales of 1,948,377 vehicles during the first seven months of the year in China.

General Motors and its joint ventures booked record retail sales of 1,948,377 vehicles during the first seven months of the year in China.

Demand was up 3.3% year on year thanks ro new product launches and an improved range of SUVs and MPVs.

But July sales dipped 4% to 229,175 vehicles which the automaker said was due to model changes and the phasing out of older Chevrolet vehicles.

“We have had a series of successful product launches over the past few months, including the Buick Excelle GT sedan and Baojun 560 SUV. This has helped us manage the current challenges facing the Chinese vehicle market,” said GM China president Matt Tsien. “These products are expected to support sales momentum for the balance of the year.”

Retail sales of GM’s SUV models jumped 98%, led by the Buick Envision and Baojun 560. Retail sales of MPV models advanced 4.5% last month, led by the Baojun 730.

In the first seven months, Buick had record sales in China, selling 504,845 units. This was up 4.8% year over year, led by the Envision SUV. Sales of the Excelle GT jumped 58% in July.

Increasing demand for the ATS-L boosted Cadillac sales by 12.1% to a record 44,060 units for the first seven months of the year.

Chevrolet sales declined 3.1% to 353,007 units between January and July. Sales of the Cruze, the biggest contributor to Chevrolet sales, rose 1.2%.

In the first seven months, Baojun sales surged 323% to 187,121 units. Wuling sales declined 7% to 856,711 units due to continued contraction of the mini-commercial vehicle market.

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