General Motors China Sales Nearly Flat To 246,066 Units In June 2015
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General Motors and its two Chinese joint ventures reported sales of 246,066 units in June 2015, an increase of 0.1 percent over June 2014.
It appears that the price cuts the automaker made in May didn’t make much of an impact to ignite sales.
Contrary to typical form, GM China didn’t announce June sales data for the Buick, Chevrolet, Cadillac and Wuling brands. It did, however, report that sales for the first half of 2015 were up 4.4 percent to 1.7 million units.
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The General appears to be fearing better than VW and Toyota in the world’s largest auto market.
The Chinese auto market is finally seeing the long – predicted slow down that will send many auto makers reeling.
The Chinese market now joins the Russian and Brazilian market that are flopping big time.
It’s just a volume adjustment in China that’s back to reality for most.
Brazil and especially Russia are under economic duress. That will change over the short to medium term.
I agree with the China market correction in light of the stock market uncertainty but the Russian and Brazilian market issues are a little more deep seated and like will not straighten out until the medium to long term.
The US market will be the next to slow and just in time for GMs new line ups.
North America will be impacted by the Chinese recession.
That is when FCA will implode while GM and Ford coast.
Agree that GM and Ford are financially more sound and better able withstand a economic downturn.
FCA is not in as dire a circumstance as it would appear. They will find a wiling dance partner to help bail them out.
The economic bubble may have burst in China . Their growth rate was unstatainable . The chinese people have been borrowing money to buy stock , that isnt ever a good strategy . China being the 2nd biggest economy in the world will definitely have an impact on our GDP . Only the strongest automakers will continue to make money in China for the forseeable future . Their economy has made alot of people rich and these people will still buy luxury cars , its their middle class that is going to struggle . ( sound familiar ) . Its to ironic that while GM has alot of new product coming , our own economy will slow becuase of China . Even though we have been running GDP’s around 2-3% and the stock market is bullish we are due for a slow down by the next Presidential elections .