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GM Sets New Sales Record In China

Manufacturing.Net - October 09, 2009

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BEIJING (AP) -- General Motors Co. said Friday it set a sales record in China in September and total sales for the first nine months of the year rose 55 percent to nearly 1.3 million vehicles.

GM and other global automakers are looking to China's fast-growing market to drive sales amid slack demand elsewhere. China's monthly sales have surpassed those of United States for all but but two months this year.

GM and its Chinese joint-venture partners sold a total of 181,148 vehicles in September, the company said. It gave no comparative year-earlier figure.

"Sales continue to surpass forecasts as nearly all market segments experience growth," said GM China Group President Kevin Wale in a statement.

First-time buyers in smaller Chinese cities were an important force driving sales, Wale said.

Beijing has helped to boost auto sales with tax cuts and subsidies for drivers to shift to cleaner, more fuel-efficient cars. Most of that aid has gone to Chinese makers of smaller cars, though foreign producers also see sales rising.

GM said September sales by its flagship joint venture, Shanghai GM, set a monthly record of 71,566 vehicles, while total sales for the first nine months of the year rose 40.2 percent from a year earlier.

SAIC-GM-Wuling, GM's mini-commercial vehicle joint venture, sold 100,635 vehicles in September, boosting total sales for the first nine months by 64.5 percent to 801,869 units.

GM's joint venture with Chinese truck maker FAW, FAW-GM Light Duty Commercial Vehicle Co. Ltd., sold 8,780 light-duty trucks and vans in September.


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GM Sales in China  10/9/2009 11:42:00 AM
I am happy GM is making inroads into the Chinese market. How is it that they are out-selling the US market with light-trucks when the average yearly income for a household in China is many times less than the US income. Are the light-trucks they are building so much cheaper there? Why not import them to the US? Is GM getting "kickbacks" from the Chinese government to build the light-trucks there? When will GM start repaying the loan I gave them?
PEACE PRIZE  10/9/2009 12:12:00 PM
Maybe Obama will get the Nobel Peace Prize for this.
Response to 11:42 AM  10/9/2009 2:05:00 PM
The price for GM cars in China is about the same as in the US. Sometimes more! And many of GM's China cars are nicer than the ones here. Chevy Cruze, already available in China, not here til next year. New Buick Lacrosse, introduced in China already, just coming to US now. I first saw the new Camaro on ShiJi Blvd in Shanghai. How can they sell so many in China? It's true that the average income is less, but there's a lot more people. Also, because private car ownership is pretty new in China, there's not many used cars available. So if you want a car you probably will buy a new one.
GM China  10/9/2009 4:00:00 PM
GM is selling more light trucks in the Chinese market because there are 1.2 billion customers, as opposed to 305 million in the US. It has nothing to do with govenment kickbacks.


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