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
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
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
Chevrolet sales declined 11 percent year on year to 51,192 units in November. GM attributes the drop “to the ongoing model changeover”.
At last month’s Guangzhou auto show, Chevy launched the all-new Lova RV urban recreational vehicle and unveiled the Chevrolet Malibu XL sedan.
Baojun
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
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.
Comments
Impressive numbers especially for Buick and Cadillac. Can not wait for Envision to land in NA. It will help Buick immensely.
The ATS-L seems to be the star in Cadillac line up.
No doubt that that the tax reduction by the Chinese government certainly helped in restoring consumer confidence there.
Can’t wait for a Chinese made American GM owned/branded vehicle (Buick Envision) to be imported from China when it should have been made in the USA to begin with?? I bet your a fan of TPP as well which will screw more american workers out of jobs while putting even more $$ in corporate pockets. It’s sad when an AMERICAN corporation imports a Chinese made product to sell to Americans when it should have been built HERE in the first place. I hope sales/product tank.
Is this any different from building the Cadillac SRX in Mexico and importing it from there?
Yes, we aren’t developing new war plans and weaponry with Mexico in mind.
Unlike China, Mexico’s military doesn’t speak of eventual armed conflict with the US.
Unlike China, Mexico doesn’t hack our threaten our allies.
The US relationship with China is very expensive, and may ultimately cost soldiers their lives.
Alex, there is a huge difference between Mexican and Chinese imports.
Stephen, the issue at hand isn’t that of politics. It’s that of business. GM is a business that happens to have been founded in America, but has since grown to a global behemoth. Its goal isn’t to support the interests of nations. Its goal is to make money for itself and for its shareholders. Clearly, it must do so responsibly, but that’s an area of great interpretation all freedom.
As for the political items you bring up: perhaps if nations and their leaders learned to have constructive discussions and some would cease to poorly play the role of “world’s policeman”, we would not be discussing armed conflict, death, or other negative occurrences. I’ll leave the political discussion at that.
“It’s sad when an AMERICAN corporation imports a Chinese made product to sell to Americans when it should have been built HERE in the first place. ”
Is it sad when a German corporation (BMW) imports an American made product (the X3, X4, X5, X6) to sell to Germans when it should have been built in Germany?
Does Germany’s military openly discuss eventual war with the US or design weapons systems with us in mind?
Do they manipulate the Euro?
It’s Germany friendly with US enemies such as N Korea or Russia?
Is Germany trying to steal the South China sea and draw US into conflict by harassing our strongest allies?
Germany hasn’t invaded anyone since the war; meanwhile, the PLA occupies Tibet.
National security still matters. Ask tge Chinese setting as they agree proving do with State Capitalism and currency manipulation.
We’re talking about activities between one private corporation and another. Not activities between one nation and another.
Alex took the words out of my mouth but I am not necessarily sold on the TPP just yet it has too many holes in it’s basic framework from what I have read.
GM has only committed to bringing 35000 or so units a year here and I am completely confident that when Equinox/Terrain production begins they will just ad an extra 60-75000units to it and switch production back to NA.
At the same time expect the FWD and a less powerful engine option to appear.
Well GM is a global corporation and it benefits all of GM if they can make a profit on whatever they sell. I do not wish misfortune on any company especially one that employs so many of the ‘American workers’ that you mention.
Hey racist China basher, do your homework! TPP is designed by Obama loving supporters such as yourself to stop China! China is not a member of TPP or will it ever be a member of it. Maybe you should do a little homework before you use the TPP argument thinking it is designed to help China. Also maybe you should check in and see why Obama is strongly encouraging companies such as GM and others to create new factories in Cuba to employ their people, as oppose to creating new jobs in this racist state. Let’s not forget, Cuba has been site for Human Rights as well as environmental issues. Oh, my mistake, Obama’s people have quietly removed these items off of Cuba, in an attempt to normalize relations with them. I just love the double standard that you China bashers use.
For the piss and moaners give it some time and wait to see what happens once the Ingersoll plants is converted to build this platform in about a year.
Buick has done this before from Germany and I expect that they are doing it again to get an early jump to get much needed product into the show rooms.
GM is like any other company and they are now global. No one is going to get screwed out of a job unless their union leaders decide to hard line the companies. Those who have negotiated in good faith have been rewarded like Lordstown and Wentzville.
You also look at the numbers that are posted up in China and you can understand why this market like it or not can not be ignored. If GM does not sell there then Ford, VW or someone else will take these sales. China is like a drug that you can not live with but can not survive without. They have the largest consumer market in the world and if you ignore it you very well may not survive. This is what is hurting the Japan automakers as they are no where near as popular there and they are losing market share globally because of it. The bad blood from WWII is still there and it has put a hurt on their strongest brands. While not doing bad they should be doing a lot better.