Investors: International Sales
GM Sells November Record 294,500 Vehicles in China
Wed, Dec 4 2013
SHANGHAI – General Motors and its joint ventures in China saw their domestic sales increase 13.3 percent on an annual basis to a new November record of 294,500 vehicles. It was the second-best sales month of 2013.
During the first 11 months of 2013, domestic sales by GM and its joint ventures increased 11.4 percent year on year to 2,889,368 units and will reach 3 million units for the first time in the middle of December.
Shanghai GM sold 142,009 vehicles in China during November, a year-on-year increase of 4.1 percent. SAIC-GM-Wuling’s domestic sales rose 23.4 percent to 146,296 units. FAW-GM sold 6,015 vehicles in the domestic market, an increase of 24.4 percent.
Buick sold 76,085 vehicles in China during November, an increase of 8.4 percent on an annual basis. The brand was led by the original Excelle family, which experienced sales growth of 9.8 percent to 25,673 vehicles, and the Excelle XT and GT, whose sales grew 12.2 percent to 19,877 units.
Chevrolet sales in China dropped 5.3 percent year on year to 59,647 units. The brand continued to be led by the Cruze, with demand rising 12.1 percent to 24,909 units. Demand for the Malibu was up 20.3 percent to an all-time monthly high of 9,257 units.
Cadillac sales in China increased 92.5 percent on an annual basis in November to 6,277 units. The SRX and XTS had all-time monthly sales of 2,783 units and 2,561 units.
Wuling sales in China during November totaled 135,830 units, a year-on-year increase of 25.4 percent. It was led by the Hong Guang family, which had sales of 60,168 units – an increase of 143.1 percent from last November. Baojun sales were up 2.3 percent from last November to 10,466 units.
During the first 11 months of 2013, Shanghai GM’s domestic sales grew 13.5 percent to 1,386,092 units, SAIC-GM-Wuling’s domestic sales grew 9.7 percent to 1,446,767 units, and FAW-GM’s domestic sales increased 4.3 percent to 52,489 units. In addition, Buick sales rose 16.4 percent year on year to 752,161 units, Chevrolet sales were up 3.1 percent to 591,214 units, Cadillac sales increased 57.8 percent to 42,717 units, Wuling sales were up 11.7 percent to 1,359,108 units, and Baojun sales grew 16.3 percent to 87,659 units.
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