GM to Sell Used Cars with SAIC in China

The ties between American manufacturer GM and the Chinese from SAIC are growing ever stronger, with the two carmakers working together in more than just one segments of the automotive industry.

There was however one segment of the market which until now remained untouched by GM in China: the used car segment. This week, GM and SAIC announced they have established a used car joint venture, the first of its kind on the Chinese market.

"There is currently no standardised system for the sale of previously owned vehicles in China. Our new joint venture is adopting unified nationwide standards for the sale and service of used cars," Kevin Wale, GM China president and managing director told

The joint venture will be setting up no less than 20 centers across China. They will all be in charge with acquiring, repairing and certifying used cars for resale. Being a pretty much untamed territory, there are no estimates on how many used cars the two partners hope to sell.

GM and SAIC are so tied together that the Chinese company was among the first to announce it might be interested in buying GM shares offered through the carmaker's initial public offering (IPO).

The two announced the launch of a joint brand, the Baojun, back in July. GM and SAIC also have a joint display at the World Expo 2010 Shanghai, where they display a wide variety of products and concepts, from vehicles to their vision of the future.

GM is currently operating no less than nine other joint ventures with its partner SAIC.
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About the author: Daniel Patrascu
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Daniel loves writing (or so he claims), and he uses this skill to offer readers a "behind the scenes" look at the automotive industry. He also enjoys talking about space exploration and robots, because in his view the only way forward for humanity is away from this planet, in metal bodies.
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