General Motors and its joint ventures in China set a new domestic sales record for July of 249,734 vehicles.
06 Aug 2014 | 2896 Views | By Autocar Pro News Desk
General Motors and its joint ventures in China set a new domestic sales record for July of 249,734 vehicles. Demand increased 12.7 percent from the same month in 2013. In addition, GM today sold its 2 millionth vehicle in China in 2014. This is the fifth consecutive year and the ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
General Motors and its joint ventures in China set a new domestic sales record for July of 249,734 vehicles. Demand increased 12.7 percent from the same month in 2013. In addition, GM today sold its 2 millionth vehicle in China in 2014. This is the fifth consecutive year and the earliest ever that GM has reached the milestone.
“We will continue to expand our portfolio and introduce more product offerings in China to meet increasingly diverse demand in our largest market,” said GM executive vice-president and GM China president Matt Tsien.
Last month, Shanghai GM and SAIC-GM-Wuling as well as their Buick, Chevrolet, Cadillac and Wuling brands reached new highs for July sales. Shanghai GM’s domestic sales rose 6.6 percent from July 2013 to 120,734 units. SAIC-GM-Wuling sold 125,895 vehicles in China, an increase of 20.3 percent year on year. FAW-GM sold 3,105 vehicles in the domestic market last month, which was down 4.1 percent from the previous July.
Buick’s domestic sales rose 1.0 percent on an annual basis to 66,858 units. It was led by the original Excelle family, which had sales of 20,786 units, and the Excelle XT and GT, which had sales of 17,294 units. In addition, sales of the Regal and Encore were 8,837 units and 7,311 units respectively.
Chevrolet sales in China were up 10.9 percent on an annual basis to 48,046 units. Sales of the brand’s most popular model, the Cruze, totaled 23,129 units in July, which was an increase of 27.8 percent year on year. The Cruze was followed by the Sail, which had sales of 7,495 units, and the Malibu, which had sales of 7,053 units.
Cadillac sales were up 58.1 percent on an annual basis to 5,830 units in July. XTS sales jumped 71.1 percent to 2,429 units and the SRX sold 2,154 units.
Wuling sales in China last month rose 25.0 percent year on year to 122,995 units. The Hong Guang family sold 55,008 units, which was an increase of 91.1 percent year on year. Demand for the Baojun brand was 2,900 units in July.
GM’s strong performance in July took its sales for the first seven months of the year to 1,981,016 units, an increase of 10.7 percent on an annual basis. Shanghai GM’s sales rose 9.8 percent to 940,401 units, SAIC-GM-Wuling’s sales grew 12.5 percent to 1,009,619 units and FAW-GM’s sales were down 6.9 percent to 30,684 vehicles.
During the first seven months of 2014, Buick sales rose 10.6 percent year on year to 517,279 units, Chevrolet sales were up 5.0 percent to 383,532 units, Cadillac sales increased 69.6 percent to 39,590 units, Wuling sales grew 14.5 percent to 968,839 units and Baojun sales decreased 20.9 percent to 40,780 units.
GM has 10 joint ventures, two wholly owned foreign enterprises and more than 58,000 employees in China. Passenger cars and commercial vehicles are sold under the Baojun, Buick, Cadillac, Chevrolet, Jiefang, Opel and Wuling brands. In 2013, GM sold nearly 3.2 million vehicles in China.