“We are now looking at a market of 11.5 to 12 million vehicles, up from 9.1 million units last year,” according to GM China Group President and Managing Director Kevin Wale. “We expect GM sales for the year as a whole to rise by more than 40 percent from 2008."
“Industry sales have kept up their brisk pace,” said Wale. “With more potential buyers taking advantage of the growing selection of affordable products, we expect sales to remain robust through the end of the year. The continued introduction of new products will help GM remain ahead of the market.”
Both Chevrolet and Buick proved to be good selling brands in August, as Shanghai GM sales grew in August by no less than 99.6 percent on an annual basis to 63,303 units. This represents a new all-time monthly sales record, the American manufacturer said in a release. Specifically, Buick sales were up 102.8 percent year over year to 38,905 units, while sales of Chevrolet products hit an all-time monthly high of 23,771 units on annual growth of 99.4 percent.
“All of our new products registered remarkable sales performance,” said Joseph Liu, Executive Vice President of Shanghai GM.