Investors: News

General Motors Has All-Time Record Month in China

Tue, Feb 5 2013

SHANGHAI – General Motors and its joint ventures sold more than 300,000 vehicles in a single month for the first time ever in China last month. January sales totaled 310,765 units, an increase of 26.0 percent from the same month in 2012 and 15.9 percent above the previous all-time monthly high of 268,035 units in January 2011.

Domestic sales by Shanghai GM and SAIC-GM-Wuling, and their Buick, Chevrolet and Wuling brands all set new single-month records as well in January.

Shanghai GM sold 154,220 vehicles in China, an increase of 24.3 percent year on year. SAIC-GM-Wuling sold 151,819 vehicles, as domestic demand for its products increased 26.6 percent on an annual basis. Demand in China for FAW-GM’s products increased 84.5 percent on an annual basis to 4,490 units.

Buick sales in China rose 21.7 percent from the first month of 2012 to 86,509 units. Its best seller in January was the original Excelle passenger car lineup, which generated demand of 30,264 units, an increase of 5.5 percent. Buick also continued to enjoy strong demand for the Excelle XT and GT, which experienced sales growth of 19.7 percent to 23,694 units. In addition, the Encore SUV had sales of 7,881 units in its first January in the marketplace.

Chevrolet sales in the domestic market rose 21.6 percent year on year to 66,141 units in January. The brand’s most popular model was the Cruze. Its sales grew 7.8 percent to 24,477 units. Sales of the Sail family also remained strong, increasing 21.0 percent to 21,866 units.

Cadillac luxury vehicle sales in China totaled 1,570 units in January. Baojun, GM’s entry-level passenger car brand in China, had sales of 7,018 units.

Wuling sales in China totaled 144,801 units in January, which was up 35.9 percent from the same month last year. Its best-selling model was the Hong Guang, whose sales grew 158.9 percent to 47,765 units. The Sunshine also had robust sales of 45,733 units.

General Motors traces its roots back to 1908. GM has 12 joint ventures, two wholly owned foreign enterprises and more than 55,000 employees in China. GM and its joint ventures offer the broadest lineup of vehicles and brands among automakers in China. Passenger cars and commercial vehicles are sold under the Baojun, Buick, Cadillac, Chevrolet, Jiefang, Opel and Wuling brands. In 2012, GM sold more than 2.8 million vehicles in China. It has been the sales leader among global automakers in the market for several years. More information on General Motors in China can be found at GM Media Online.