General Motors and its joint ventures reported 346,671 new vehicle sales in November 2015. The results represent a 14 percent sales increase compared to November 2014 as well as the best November sales ever, with the Buick, Cadillac and Baojun brands setting all-time monthly sales records.
During the month, the booming SUV segment accounted for 19 percent of GM’s sales in China compared with 6.5 percent a year earlier. In fact, sales of SUVs shot up 231 percent led by the Buick Envision and Baojun 560.
“The market has been improving in the past two months,” said GM Executive Vice President and GM China President Matt Tsien. “We are well positioned to achieve a strong finish to the year backed by newly launched models, including the Chevrolet LOVA RV, Buick Verano Hatchback and Buick Verano GS.”
It’s worth noting that the Chinese government implemented a tax incentive on new vehicle purchases that applies to vehicles with small displacement engines. The incentive is applicable to over 30 vehicles sold by GM and its partners in China.
Buick sales grew 45 percent year-over-year to 107,925 units.
Sales of the Excelle GT more than doubled from a year earlier and Verano sales surpassed 9,000 units, up 60 percent from the previous month. Buick launched the Verano Hatchback and Verano GS in November, strengthening the brand’s presence in China’s competitive premium mid-range passenger car segment.
Cadillac sales increased 57 percent year-over-year to 7,935 units, making November the seventh consecutive month of double-digit sales growth for the brand.
Sales of the ATS-L jumped 182 percent in November.
Chevrolet sales declined 11 percent year on year to 51,192 units in November. GM attributes the drop “to the ongoing model changeover”.
Baojun sales jumped 110 percent on an annual basis to 58,051 units in November.
Next year, the entry-level brand will introduce new and upgraded vehicles featuring 1.5L turbocharged engines and automated transmissions.
Wuling sales totaled 121,451 units in November, down 10 percent year-over-year. GM says that it was “impacted by continued contraction of the mini-commercial vehicle market.”
First 11 Months Of 2015
During the first 11 months of 2015, retail sales by GM and its joint ventures in China increased 4.1 percent on an annual basis to a record 3,166,791 units.
About The Figures
Please note that starting with April sales results, GM China began reporting retail sales rather than wholesales in China. All numbers references above represent retail sales.