Investors: News

General Motors Sells 215,070 Vehicles in China in February

Tue, Mar 5 2013

SHANGHAI – General Motors and its joint ventures sold 215,070 vehicles in China during February. Sales were down 10.6 percent from the same month last year due to the weeklong Lunar New Year holiday falling in February this year.

With all-time monthly record sales in January, GM’s domestic sales in the first two months of 2013 totaled 525,835 units – an increase of 7.9 percent from the year-ago period and a new record.

Between January and February, Shanghai GM sold 255,243 units in China, which was up 12.4 percent on an annual basis, and SAIC-GM-Wuling sold 262,012 units in China, which was up 4.7 percent. Both were records for the period. FAW-GM sold 8,160 vehicles in China, which was a decrease of 14.1 percent from the same period last year.

In February, Shanghai GM’s domestic sales were down 2.0 percent year on year to 101,023 units, SAIC-GM-Wuling’s domestic sales were down 15.4 percent to 110,193 units and FAW-GM’s domestic sales were down 48.1 percent to 3,670 units.

Buick sales in the domestic market decreased 0.8 percent on an annual basis in February to 52,340 units. Its best-selling model remained the original Excelle family, which had sales of 14,601 units. It was followed by the Excelle XT and GT, which had sales growth of 20.2 percent to 14,294 units.

Chevrolet sales in China decreased 11.5 percent on an annual basis to 46,388 units. Its most popular model was the Sail. Demand for the small car increased 22.0 percent from last February to 17,304 units. In addition, Malibu sales more than doubled to 6,939 units.

Cadillac sales in China were a February record 2,295 units. Demand for the luxury brand rose 8.1 percent on an annual basis, as sales of the popular SRX luxury utility vehicle increased 36.6 percent to 2,086 units.

Wuling sales across China decreased 11.7 percent from February 2012 to 104,138 units. The Hong Guang set a new February sales record of 32,048 units, up 29.8 percent year on year. Sales of the Baojun brand decreased 24.5 percent on an annual basis to 6,055 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 eight consecutive years. More information on General Motors in China can be found at GM Media Online.

###