GM has said that it sold almost three times more cars in China during the first half of 2002 than in the same period a year ago. Sales of cars reached 47,818 units, including domestically produced and imported units.
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One of GM’s most successful models in the Chinese car market is the Shanghai-produced Buick Sail (based on the Opel Corsa). In common with many other models its price has been reduced this year and lower prices have been a najor factor behind accelerating demand – especially amongst private buyers.
Widespread price cuts in China were triggered by tariff reductions applying to imported cars, following the country’s admission to the World Trade Organisation (WTO).
“We had a very successful first half despite growing competition across the board,” GM China chairman Philip Murtaugh said in a statement.
