GM China Sets Sales Record For January And February 20142
General Motors has set an all-time sales record in China, selling 605,832 vehicles in the first two months of 2014. The sales results represent a 15.2 percent increase on a year-over-year basis.
Between January 2014 and February 2014, Shanghai GM — The General’s primary joint venture operation in China responsible for selling Chevrolet, Buick, and Cadillac vehicles — sold 281,745 vehicles — up 10.4 percent on an annual basis.
On a brand basis, Buick sales rose 14.7 percent year-over-year to 159,291 units, Chevrolet sales were up 0.2 percent to 112,335 units, and Cadillac sales grew 161.8 percent to 10,119 units.
SAIC-GM-Wuling sold 315,472 units in China during the first two months of 2014, a 20.4 percent increase on a year-over-year basis, with Wuling sales up 20.9 percent to 300,904 units while those of Baojun growing 11.4 percent to 14,568 units.
FAW-GM sold 8,411 vehicles in China in the first two months of the year, up 3.1 percent.
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Too bad 52% of GM sales are the virtually profit less Wuling little van!!!
Not worth bragging about ….!
Ford is closing in on net real GM sales with 67% growth… Just a matter of time before Ford catches n passes GM in China…!
Plus the Ford Focus is the Best Selling car in China… Brand recognition for Ford!!!
Yes, Ford sales grew 67 percent to 73,040 units in February 2014:
… compared to GM’s 215,000+ sales in the same time period in China.
But a couple of points:
1. The Wuling van that sells like hotcakes in China is part of the 3-way SAIC-Wuling-GM venture. GM invested zero effort into its development, and invests zero effort/resources into its sales/marketing and production, yet shares in on the profits. So to say that it’s nearly profitless isn’t exactly accurate.
2. As GM continues its true globalization of vehicles and rolls out post-bankruptcy vehicles (next-gen Sonic/Trax, Cruze/Equinox, Malibu/Traverse), then we will see a big time uptick in sales of those Chevrolets globally. Until then, Ford will remain the mainstream volume champion, as its vehicles are newer and slightly more desirable. But only until then.