General Motors and its joint ventures delivered a record 3,612,635 vehicles in China in 2015, which was up 5.2 percent from the previous high in 2014. China remained GM’s largest market in terms of retail sales.
06 Jan 2016 | 2526 Views | By Autocar Professional Bureau
General Motors and its joint ventures delivered a record 3,612,635 vehicles in China in 2015, which was up 5.2 percent from the previous high in 2014. China remained GM’s largest market in terms of retail sales.
An average of one vehicle was sold every 9 seconds and nearly 9,900 ...
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General Motors and its joint ventures delivered a record 3,612,635 vehicles in China in 2015, which was up 5.2 percent from the previous high in 2014. China remained GM’s largest market in terms of retail sales.
An average of one vehicle was sold every 9 seconds and nearly 9,900 vehicles were sold each day last year. In December 2015, GM and its joint ventures sold an all-time monthly record 445,227 vehicles in the domestic market, an increase of 14 percent on an annual basis.
“We expect to have increased our market share in 2015 through great products and our team’s relentless effort,” said GM Executive Vice President and President of GM China Matt Tsien. “We anticipate continued growth in 2016, as we plan to introduce 13 new and refreshed models starting with Cadillac’s all-new CT6 sedan later this month.”
The three segments that GM made a special focus in 2015 – MPVs, SUVs and luxury cars – all posted significant growth. GM’s MPV deliveries, led by the Buick GL8 and Baojun 730, were up 12 percent from a year earlier.
GM’s SUV deliveries in 2015 surged 144 percent on an annual basis, led by new models such as the Buick Envision and Baojun 560. The fast-growing SUV segment accounted for 13 percent of GM’s sales in China in 2015, compared with 5.6 percent a year earlier.
Rising sales for Cadillac, Buick and Baojun
The Cadillac luxury brand set a record for domestic sales, as demand increased 17 percent from 2014 to 79,779 units. The ATS and ATS-L experienced record sales of 30,752 units, which was up 172 percent from the previous year.
In 2015, Buick retail deliveries increased 12 percent on an annual basis to a record 989,167 units. The brand was led by the Excelle GT, whose sales were up 46 percent to 258,834 units. The Envision SUV followed, with sales of 147,093 units. The new Verano family got off to a strong start, with December sales of 12,053 units.
Baojun sales jumped 173 percent year on year to 463,532 units in 2015, an all-time high. The Baojun 730 MPV and Baojun 560 SUV were segment leaders.
Chevrolet sales in 2015 declined 9.7 percent year over year to 612,024 units, mainly due to model changeovers. Sales in 2016 are expected to improve with the arrival of several new models, including the Malibu XL and Cruze XL.
Wuling sales in the domestic market dropped 7.5 percent from 2014 to 1,464,900 units. The brand was impacted by continued contraction of the mini-commercial vehicle market.
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