General Motors and its joint ventures recorded 321,264 new vehicle deliveries in China in January 2017, a decrease of 24 percent from January 2016. The automaker attributes the drop to the earlier Spring Festival holiday and a reduction in China’s vehicle purchase tax incentive.
Specifically, the purchase tax imposed on new passenger vehicles with engines of 1.6 liters and below rose to 7.5 percent from January 1, which is higher than the 5 percent levied on eligible vehicles from October 1, 2015, to the end of 2016. The purchase tax will increase to 10 percent starting on January 1, 2018.
“We are seeing strong growth momentum with Cadillac as we continue to build our product lineup in the fast-growing luxury segment,” said GM Executive Vice President and GM China President Matt Tsien. “We are well positioned to meet the demand from consumers for higher-end vehicles. As a result, we expect 2017 to be another year of positive results.”
GM will launch 18 new and refreshed models this year in China to support continued growth in the company’s largest retail market. Half of the models being introduced in 2017 under the Buick, Chevrolet, Cadillac, Baojun and Wuling brands will be SUVs or MPVs.
Shanghai GM Sales – January 2017
January 2017 sales at Shanghai GM — GM’s primary joint venture in China responsible for Chevrolet, Buick, and Cadillac vehicle sales — were as follows.
Chevrolet China Sales – January 2017
Shanghai GM did not disclose Chevrolet sales results for the month but did provide the following model sales highlights:
- Deliveries of the Malibu family rose 30 percent year-over-year
- Sales of the all-new Cruze Hatchback start this month
- The 2018 Chevy Equinox will be added to the lineup in the first half of 2017
Chevrolet is on track to fulfill its plan to introduce more than 20 new or refreshed products in China by the end of 2020. Nearly 30 percent of the models will be SUVs and nearly half will be new nameplates for the China portfolio.
Cadillac China Sales – January 2017
Cadillac sales jumped a whopping 116 percent to 18,011 units, including the following model sales highlights:
- ATS-L luxury sport sedan deliveries rose 115 percent
- XTS luxury sedan sales increased 46 percent
The result follows Cadillac’s record-setting performance in China in 2016, when the brand delivered over 100,000 units in the country for the first time ever.
Buick China Sales – January 2017
Shanghai GM did not disclose Buick sales results for the month but did provide the following model sales highlights:
- Deliveries of the GL8 MPV family increased 62 percent year-over-year, led by the all-new GL8 and GL8 Avenir luxury MPVs launched in November. More than 700,000 GL8s have been sold in China since the nameplate’s introduction.
- The Verano family had its best-ever monthly sales performance as demand rose 11 percent
- The Envision had its second-best monthly sales performance since launching in 2014
SAIC-GM-Wuling Sales – January 2017
Sales results at GM’s other Chinese joint venture — SAIC-GM-Wuling — were as follows:
Baojun China Sales – January 2017
SAIC-GM-Wiling did not disclose Baojun sales results for the month but did provide the following model sales highlights:
- Baojun 730 MPV kept up its strong performance with continued monthly sales of roughly 30,000 units
- Baojun 560 SUV deliveries exceeded 25,000 units for the third consecutive month
- Sales of the Baojun 310 topped 10,000 units for the fourth consecutive month, with the sedan being the segment leader since its launch in September
- Baojun 510 small SUV, which has achieved strong pre-orders, will build on the brand’s SUV lineup and fuel its further growth from this month
Wuling China Sales – January 2017
SAIC-GM-Wiling did not disclose Wuling sales results for the month but did state that sales declined “due to the ongoing contraction of China’s mini-commercial vehicle market”. However, the Hong Guang family remained the segment leader.
About The Numbers
Starting with April 2015 sales results, GM began reporting retail sales rather than wholesales in China. All numbers above represent retail sales.
Further Reading & Sales Reporting
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- January 2017 GM sales results