General Motors continues its speedy turnover rate in China at nearly the same pace as the country continues to earn Olympic medals in London. Shanghai GM and its joint venture partners selling 199,503 vehicles in the Land of the Dragon during the month of July, enough to post a 15.1 percent gain and set a new sales record for the month.
Shanghai GM by itself also posted a July sales record, with 97,064 vehicles sold. Buick alone sold 52,691 units, almost half of which were the original Excelle (21,727, +18.2 percent), followed by the Excelle XT and GT (13,112 units, +27.6 percent).
Despite the record growth, Chevrolet saw a 2.8 percent dip in China, selling 44,864 units. Yes, in China, Buick outsells Chevrolet. By a lot. The silver lining for The Bow Tie brand in the region is that sales of its New Sail rose 30.1 percent on an annual basis to a July record 16,464 units, while Cruze sales increased 5.5 percent to 17,268 units, which was also a record for July. The new Baojun brand and its 630 sedan posted 2,008 unit sales in its first July in the market. Then there’s Cadillac, which sold just 2,017 units.
As for other makes tied in the SAIC-GM-Wuling partnership, Wuling sales in China were up 32.7 percent on an annual basis to a July record 94,178 units. FAW-GM sales were up 3.1 percent to 3,379 units. SAIC-GM-Wuling sales reached 98,694 units, an all-time high for July and an increase of 26.6 percent year on year.
Year to date, sales by GM and its joint ventures in China are currently up 11.7 percent, totaling a record 1,616,550 units.
Comments
It should be noted that a CTS coupe in China costs $100,000.00USD where as a Buick Lacrosse is $41,000.00USD, or about the same as here. The import duty/tax on Cadillac in China is horendous, which is why GM is ramping up production of Cadillac in-country to not just ‘better’ compete, but actually just compete price wise with ze Germans in China-town.
sales in China shoouls be fantastic we are shipping all of our jobs over there