GM Reveals 49.6 Sales Increase in China

Sales are going pretty well for General Motors in China, as the company today revealed that the first eight months of the year brought a 49.6 percent sales increase on an annual basis to 1,111,401 units. Revenues grew in August as well, as GM and its Chinese joint ventures delivered a total of 152,365 units last month, an increase of 112.7 percent year on year.

“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.
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About the author: Bogdan Popa
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Bogdan keeps an eye on how technology is taking over the car world. His long-term goals are buying an 18-wheeler because he needs more space for his kid’s toys, and convincing Google and Apple that Android Auto and CarPlay deserve at least as much attention as their phones.
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