Unlike during previous quarters, General Motors issued a partial report about its sales results for the Chinese market for the fourth quarter of 2024.
The partial and very limited report on GM China sales for both the fourth quarter and the 2024 calendar year continues to reduce the amount of data and informational transparency from the automaker’s Chinese division. This time around, GM only reported that its Chinese joint ventures recorded a sales growth of 40.6 percent to nearly 600,000 units during Q4 2024 compared to Q3 2024.
More specifically, the “nearly 600,000 units” figure announced by GM China during Q4 2024 represents a substantial improvement from the 426,200 deliveries it recorded during the third quarter, while itself was an improvement from the 568,850 vehicles GM delivered during Q4 2023. Despite the year-over-year improvement – a first in a long time – the automaker elected not to share brand-specific sales figures for either Q4 or the full year.
GM also announced that the joint ventures SAIC-GM and SAIC-GM-Wuling (SGMW) sold “more than 1.8 million vehicles” in the Chinese market in 2024. This represents a drop of around 14 percent or 300,000 vehicles when compared to the nearly 2.1 million vehicles the company sold during the 2023 calendar year.
All-new 2025 Cadillac XT5
Aside from highlighting a new record for its share of the new energy vehicle (NEV) market, GM China only shared sales figures for two models that performed strongly in Q4. These include the all-new, second-generation Cadillac XT5, which recorded “nearly 15,000 units” in its first full quarter on sale. Additionally, the Wuling Mini EV sold more than 100,000 units during the quarter, racking up over 260,000 total annual sales.
Wuling MINI EV
GM also said that proactive actions to improve product competitiveness and the retail experience have begun to take effect.
“Listening to the customer is on top of our priorities when we look at opportunities to improve the business,” said GM Senior Vice President and President of GM China, Steve Hill. “With a sharpened focus on product strength and the retail experience, we are confident in getting positive feedback from our customers,” he added.
Comments
I don’t believe Cadillac or GM is listening to their customers as Steve Hill said above. Cadillac is leaving their traditional customers for dead. Many of us don’t want EVs and yet Cadillac is discontinuing ICE models, like the new CT6 and XT5, in the US and making them only available in China. I’ve also read recently the XT6 will be discontinued after the 2025 model year, leaving me for dead. When the lease is up on my 2024 XT6, my choice will be an electric SUV or another brand. I don’t want an electric car, sooo after 20 new Cadillacs and 45 years of loyalty, I will be forced to switch brands. I’m guessing there are a lot of other Cadillac loyal customers who feel the same way. BUT GM AND CADILLAC AIN”T LISTENING!!!
I agree with you for the U.S. market, but note that Hill is in charge of GM China, meaning he has little to do with GM’s U.S. operations.
@Alex Luft
Isn’t the Lyriq selling as well as the Escalade?
Could be wrong but I believe I heard that somewhere.
Lyriq is a great product and hopefully it can gain a faster charging speed once the NACS Port is added.
Cadillac sales have been dying for generations. They’ve tried everything from moving to performance, edgier, more youthful styling, etc. Nothing has helped. They continue to lose share as their customer base dies away and no conquest buyers come in. So why should GM keep pounding away and continue losing? They’ve started to make a pivot and it’s working. Their sales are up for the first time in over half a decade, customer satisfaction scores on the Lyriq have been off the charts, and their conquest sales on EVs have been as high as 60-70%. Personal preferences aside, why would one run a business into the ground just because that’s what you did for half a century?
Cadillac moving to an ALL BEV lineup (Excluding the ICE Escalade) is a genius move.
Look at the price points they are now getting. It is pretty darn close to the German Three.
Lyriq is selling great and I believe so will the Optiq but I would be lying if I said the Crapola fast charging speed of 150kW isn’t borderline a complete joke on a brand new vehicle.
But we shall see.
Hopeful of an XT4 sized BEV as well to slot underneath the Optiq
Hi Gm authority,
You can find the sales figures on the GM full year results released on Jan.28th.
The sgm number for full year 2024 is 524 thousand (compared to 870 in 2023), SGMW number is 1,315 thousand.
“Listening to the customer is on top of our priorities when we look at opportunities to improve the business,” said GM Senior Vice President and President of GM China, Steve Hill.
It’s a shame GM does not listen to their US customers…