In the face of millions of recalls and various other setbacks, General Motors sold 2,449,595 vehicles around the world in the third quarter of 2014, an increase of 2 percent on a year-over-year basis. The results represent the company’s best third quarter since 1980.
Third quarter sales in GM’s two largest markets — the U.S. and China — grew 8 percent an 14 percent, respectively. The automaker is on pace to surpass sales of 3 million vehicles in China for the second consecutive year and expects to top last year’s record sales of 3.16 million vehicles.
“GM delivered its best third quarter global sales in 34 years thanks to solid growth in the United States and China, and steady improvement in Opel’s market share,” said GM CEO Mary Barra. “We have launches now underway, including the Chevrolet Colorado and GMC Canyon in North America, the Opel/Vauxhall Corsa in Europe, and the Buick Envision and Cadillac ATS-L in China, that will keep our momentum going.”
Third quarter 2014 sales highlights (vs. Q3 2013):
- Chevrolet sales in China are were 13 percent to 169,830 units
- Calendar year to date, Chevrolet sales in South Korea are at record levels.
- The success of the new Chevrolet Silverado and GMC Sierra helped GM increase its estimated share of the U.S. retail market for large pickups from 35.8 percent in the first quarter of 2014 to 37.4 percent in the second quarter and 37.9 percent in the third quarter.
- Buick’s global sales were up 7 percent in the third quarter to 284,540 units and they are up 11 percent calendar year to date to 858,046 units, driven by strong growth in the United States and China. Buick’s China sales were up 8 percent in the quarter to 220,578 units and they were up 11 percent to 670,999 units in the first nine months of the year.
- In China, combined, sales of small SUVs subcompact and compact crossovers — the Buick Encore, Chevrolet Trax and Captiva — were up 90 percent in the third quarter. In the United States, the Buick Encore has been the best-selling vehicle in its segment for six months in a row, and the Chevrolet Trax will launch in the United States in early 2015.
- Cadillac’s global sales were up 4 percent in the third quarter. The brand’s China sales were up 48 percent in the quarter to 18,665 units.