GM Sells 1 Millionth Car in 2010 in China

China is becoming more of a source of money for General Motors, as the US-based carmaker registers increased sales every new month. This time, Shanghai GM has reached a major milestone, delivering the 1 millionth vehicle in 2010, thus becoming one of the best-performing brands in what's slowly becoming the largest auto market for all carmakers. The 1 millionth car sold this year is a Buick LaCrosse sedan and was handed by Shanghai GM President Ding Lei to Mr. Zhang Yun yesterday.

"We appreciate the support that the people of China have given us,” said Terry Johnsson, Shanghai GM Vice President of Vehicle Sales, Service and Marketing. “Backed by the resources of our parent companies, Shanghai GM has been an industry pioneer. Shanghai GM and our employees remain committed to offering an unmatched shopping and ownership experience for car buyers nationwide."

GM expected to exceed 1 million sold units in China since November when the company closely analyzed the way the company performs in this particular market and noticed that half of its profits come from this country.

GM's total auto sales in China rose 19.6 percent in October to a monthly record of around 200,000 units. In total, the company sold 35.5 percent more cars over the first ten months of this year compared to the previous one, bringing the total number shifted so far to 1.98 million cars.

The US-based carmaker thus expects figures to grow in the upcoming months, as it continues to introduce new models capable of boosting brand appeal. GM, together with its Chinese joint venture Shanghai GM, offers a wide range of vehicles under three of its core brands, namely Buick, Chevrolet and Cadillac.