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GM China Sales Fall Five Percent In Q1 2024

By Deivis Centeno

April 4, 2024 8:54 am

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GM China sales decreased five percent to 441,100 units during the first quarter of 2024. Sales decreased at Buick, Chevrolet, and Wuling brands, while increasing at Cadillac and Baojun.

SAIC-GM Sales – Q1 2024

First-quarter 2024 sales at SAIC-GM – GM’s primary joint venture in China responsible for Buick, Chevrolet, and Cadillac operations – decreased 10.8 percent to 154,500 units:

Buick sales decreased 3.10 percent to 103,000 units

  • The Buick GL8 family had combined sales of more than 20,000 units, bolstering its strong position in the MPV segment
    • GL8 will further diversify its offerings, with the nameplate’s first plug-in hybrid variant set for launch in Q2
  • The Ultium-based Buick Electra E5 and Electra E4 continued to build sales momentum in the mainstream electric crossover market

Chevrolet sales decreased 46.06 percent to 18,500 units

  • The Chevy Monza continues its robust performance as the brand’s best-selling car
  • The rest of Chevrolet’s models significantly decreased their sales volume during the Q1

Cadillac sales increased 1.54 percent to 33,000 units

  • The Cadillac CT5 luxury sedan maintained outstanding performance in the first quarter
    • The CT5 remained the brand’s top-selling model, with deliveries exceeding 18,000 units
  • In Q2, the all-new Cadillac Optiq will join the Cadillac Lyriq as the brand’s second Ultium-based EV to attract young, aspiring customers

SAIC-GM-Wuling Sales – Q1 2024

First-quarter 2024 sales at SAIC-GM-Wuling (SGMW) – GM’s other Chinese joint venture responsible for Wuling and Baojun brands – decreased 1.0 percent to 286,500 units:

Baojun sales increased 123.08 percent to 5,800 units

  • GM did not share any specific sales data on Baojun models
  • The brand is in the midst of a transformation process with a new focus on electric models led by the all-new Baojun Yep

Wuling sales decreased 2.02 percent to 280,700 units

  • The Wuling Bingo EV sold more than 32,000 units in the Q1
    • The nameplate strengthened its growth momentum in Q1 after launching the Wuling Bingo Plus variants with an extended EV range
  • The all-new Wuling Starlight PHEV exceeded 21,000 units sold, achieving a solid start for SGMW’s new NEV architecture

Sales Results - Q1 2024 - China - Baojun

MODELQ1 2024 / Q1 2023Q1 2024Q1 2023
BAOJUN TOTAL+123.08% 5,8002,600

Sales Results - Q1 2024 - China - Wuling

MODELQ1 2024 / Q1 2023Q1 2024Q1 2023
WULING TOTAL-2.02% 280,700286,500

Sales Results - Q1 2024 - China - Chevrolet

MODELQ1 2024 / Q1 2023Q1 2024Q1 2023
CHEVROLET TOTAL-46.06% 18,50034,300

Sales Results - Q1 2024 - China - Cadillac

MODELQ1 2024 / Q1 2023Q1 2024Q1 2023
CADILLAC TOTAL+1.54% 33,00032,500

Sales Results - Q1 2024 - China - Buick

MODELQ1 2024 / Q1 2023Q1 2024Q1 2023
BUICK TOTAL-3.10% 103,000106,300

Sales Results - Q1 2024 - China - GM Totals

BRANDQ1 2024 / Q1 2023Q1 2024Q1 2023
BAOJUN TOTAL+123.08% 5,8002,600
WULING TOTAL-2.02% 280,700286,500
CHEVROLET TOTAL-46.06% 18,50034,300
CADILLAC TOTAL+1.54% 33,00032,500
BUICK TOTAL-3.10% 103,000106,300
GM CHINA TOTAL-4.59% 441,000462,200

About The Numbers

  • All percent change figures compared to GM China sales for Q1 2023, unless noted otherwise
  • GM China sales figures represent retail sales
  • GM does not provide individual sales performance of sales in China

Further Reading & Sales Reporting

By Deivis Centeno

Deivis is an engineer with a passion for cars and the global auto business. He is constantly investigating about GM's future products.

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