General Motors says that its sales in China in the first six months of 2014 increased 10.5 percent to 1,731,282 units – a new record.
“GM has experienced growth in demand for our products across China this year, especially at the higher end of our lineup and in the SUV/MPV segment,” said Matt Tsien, GM Executive Vice President and President of GM China. “We anticipate sales remaining strong through the end of 2014, as more people – particularly outside China’s major cities – become first-time vehicle buyers.”
During the first half of 2014, Shanghai GM’s sales in China were up 10.3 percent on an annual basis to 819,667 units and SAIC-GM-Wuling’s sales in China increased 11.5 percent to 883,724 units. Both were records for the period. FAW-GM’s sales in China were down 7.2 percent to 27,579 units.
Buick sales in the domestic market increased 12.2 percent from the first half of 2013 to 450,421 units, led by record demand for the original Excelle family, Excelle XT and GT, Regal and Encore. Chevrolet sales in China rose 4.2 percent to 335,486 units due in large part to record sales of the Cruze and Malibu and the ongoing popularity of the Sail and Captiva. Domestic sales of the Cadillac brand jumped 71.7 percent to 33,760 units, with record demand for the SRX and XTS, and a strong start of sales for the ATS. All three brands had all-time highs for the first half.
Wuling sales in China increased 13.2 percent on an annual basis to a record 845,844 units. It was driven by record demand for the Hong Guang family – which has had sales of at least 50,000 units every month in 2014 – and the ongoing popularity of the Rong Guang and Sunshine. Sales of the Baojun brand in China totaled 37,880 units during the first half of the year.
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By GlobalData