GM China Sales Decrease 25.4 Percent To 964,714 Vehicles In Q4 2018
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GM China sales decrease 25.4 percent to 964,714 units in the fourth quarter of 2018. Sales increased only at Cadillac, and decreased at Chevrolet, Buick, Wuling and Baojun.
Shanghai GM Sales – Q4 2018
Fourth quarter 2018 sales results at Shanghai GM — GM’s primary joint venture in China responsible for Chevrolet, Buick, and Cadillac vehicle sales — were as follows.
- Chevrolet sales decreased 28.9 percent to 142,893 units
- Buick sales decreased 23 percent to 266,940 units
- Cadillac sales increased 9.7 percent to 55,794 units
SAIC-GM-Wuling Sales – Q4 2018
Fourth quarter 2018 sales results at GM’s other Chinese joint venture — SAIC-GM-Wuling — were as follows:
- Baojun sales decreased 41.7 percent to 207,794 units
- Wuling sales decreased 13.7 percent to 291,293 units
Complete 2018 Calendar Year Sales
During the complete 2018 calendar year, GM China sales decreased 9.8 percent to 3,645,044 units.
Sales Results - Q4 2018 - China - GM Totals
| BRAND | Q4 2018 / Q4 2017 | Q4 2018 | Q4 2017 | YTD 2018 / YTD 2017 | YTD 2018 | YTD 2017 |
|---|---|---|---|---|---|---|
| BAOJUN TOTAL | -41.70% | 207,794 | 356,422 | -15.75% | 839,612 | 996,629 |
| WULING TOTAL | -13.71% | 291,293 | 337,571 | -7.23% | 1,055,936 | 1,138,183 |
| CHEVROLET TOTAL | -28.89% | 142,893 | 200,954 | -4.41% | 523,395 | 547,561 |
| CADILLAC TOTAL | +9.69% | 55,794 | 50,864 | +17.16% | 205,605 | 175,489 |
| BUICK TOTAL | -23.04% | 266,940 | 346,839 | -13.73% | 1,020,496 | 1,182,927 |
| GM CHINA TOTAL | -25.37% | 964,714 | 1,292,650 | -9.79% | 3,645,044 | 4,040,789 |
About The Numbers
- All percent change figures compared to GM China Q4 2017 sales
- GM China sales figures represent retail sales
Further Reading & Sales Reporting
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This is badddd news for GM. With the company relying on China sales more than ever, a sales slip like this is not a good sign. Even with the economy slowing, this is a big drop.
BBC.com has an interesting story about ‘why the Chinese are buying fewer cars’.
The lead interviewee is a Cadillac dealer in Shanghai – there are 4 or 5 elements leading to the downturn.
The trade war and Chinese anger must play a part here. GM may well end up an Americas company strong in the US and Brazil. This is why selling Opel, while great for Wall Street, was long-term bad for the Company. GM was fairly close to brake even and should have simply done some of PSA’s quite obvious cost cutting measures. Russelheim could have been used. For all future crossovers as it had been for sedans. It was Opel design that uped GM quality ranking.
What’s with the Mickey Mouse theme in that car display? A special, limited edition trim package unique to China? Looks like Mickey engraved on a headrest??
Whatever floats your boat I suppose. There were VW Golf special editions in the 1990s in Europe that displayed in big , bold letters, “Bon Jovi”, “Manhattan”, or “Rolling Stones”.
I forgot one, the VW Golf “JOKER”. True story. Look it up. They were everywhere.
It’s the Chevy Orlando… hence the Mickey Mouse Disney theme (Disney World in Orlando, FL).