GM China Sales Drop 1.8 Percent In July0
GM’s rapid success in China simmered down a bit for the month of July 2011, selling 173,398 vehicles for the month that made out to be an overall decrease of 1.8 percent compared to July 2010.
While Buick, Cadillac and Chevrolet made off in the green, the factor that lead to the decline was the lack of commercial vehicle sales from the SAIC-GM-Wuling and FAW-GM joint ventures. Buick saw an increase of 15.4 percent and sold 50,265 units with strong sales from the LaCrosse and GL8. Cadillac saw a major gain of 76.1 percent but sold only 2,365 units with the SRX accounting for two-thirds of overall sales for the brand. As for Chevrolet, the brand witnessed a 17.1 percent increase, selling 46,154 units.
SAIC-GM-Wuling’s July sales marked 77,944 units, which is a substantial decrease compared to 90,658 units in July 2010. FAW-GM’s Chinese sales were 3,353 units, way down from the 5,560 units sold last year.
Year to date, GM and its Chinese joint ventures have sold 1,446,901 vehicles overall, which is still 4.4 percent up from last year.
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