Investors: News

General Motors Sets August Sales Record in China

Wed, Sep 4 2013

SHANGHAI – General Motors and its joint ventures sold an August record 245,799 vehicles in China. Sales were up 11.2 percent from last year’s previous high for the month.

Shanghai GM’s domestic sales increased 10.9 percent on an annual basis to 122,218 units. SAIC-GM-Wuling’s sales in China rose 12.4 percent to 119,745 units. Both joint ventures had record August sales. FAW-GM’s domestic sales decreased 18.3 percent to 3,362 units.

Buick sales in China were up 17.7 percent on an annual basis to 67,793 units, an all-time high for August. The brand was once again led by the original Excelle family, which had sales of 21,364 units. In addition, the Excelle XT and GT had sales of 18,098 units – an increase of 20.4 percent, and the LaCrosse had sales of 9,188 units – an increase of 34.8 percent.

Chevrolet sales in China were down 2.5 percent from last August to 50,029 units. The brand was led by the Cruze, which had a sales gain of 3.2 percent to 20,688 units. It was followed by the Sail, which sold 15,934 units. Sales of the Malibu were also strong, rising 28.5 percent to 8,277 units.

Cadillac sales jumped 108.9 percent year over year to an August record 4,396 units in China. Demand for the SRX was up 49.4 percent to 2,366 units, while sales of the XTS totaled 2,029 units in the model’s first August on the market.

Wuling sales in China reached 112,139 units in August, an increase of 12.4 percent on an annual basis. Sales of the Hong Guang, its most popular model, rose 51.5 percent to 41,805 units. Baojun sales totaled 7,606 units, rising 28.8 percent year over year. Both brands set August sales records.

For the first eight months of 2013, sales by GM and its joint ventures in China rose 10.7 percent on an annual basis to 2,034,771 units, an all-time high for the period. Shanghai GM’s domestic sales grew 15.5 percent to 978,346 units. SAIC-GM-Wuling had domestic sales growth of 7.0 percent to 1,017,102 units. Both were sales records. FAW-GM’s domestic sales declined 0.9 percent to 36,330 units.

General Motors traces its roots back to 1908. GM has 12 joint ventures, two wholly owned foreign enterprises and more than 58,000 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 2013, GM sold nearly 3.2 million vehicles in China. More information on General Motors in China can be found at GM Media Online.

###

View Terms & Conditions

LEGAL NOTICES
PLEASE READ THESE TERMS CAREFULLY BEFORE USING THIS SITE

THIS WEB SITE (THE "SITE") IS PROVIDED BY GM FOR INFORMATIONAL PURPOSES ONLY. BY USING THE SITE, OR BY DOWNLOADING MATERIALS FROM THIS SITE, YOU AGREE TO ABIDE AND BE BOUND BY THE TERMS AND CONDITIONS CONTAINED BELOW AND ELSEWHERE WITHIN THE SITE. IF YOU DO NOT AGREE TO ABIDE BY AND BE BOUND BY THESE TERMS AND CONDITIONS, DO NOT USE THIS SITE OR DOWNLOAD MATERIALS FROM THE SITE.

LINKS TO OTHER MATERIALS: As a convenience to you, GM may provide on this Site links to Web sites (the "linked sites") that are operated by other entities. The linked sites are not under the control of GM and GM is not responsible for the content of any linked site or any link contained in a linked site. GM reserves the right to terminate any link or linking program at any time. GM does not endorse companies or products to which it links and reserves the right to note as such on its Web pages. If you decide to access any of the third party sites linked to this Site, you do this entirety at your own risk and it is your responsibility to take all protective measures to guard against viruses or other destructive elements.

APPLICABLE LAWS: This Site is controlled by GM from its offices within the United States of America. GM makes no representation that information in this Site is appropriate or available for use in other locations, and access to this Site from countries or territories where the Site's content is illegal is prohibited. If you access this Site from outside the United States, you do so on your own initiative and you are responsible for compliance with all applicable local laws. These Terms and Conditions of use are governed by the laws of the State of New York, without giving effect to its conflict of laws provisions.

GENERAL: GM reserves the right, at its sole discretion, to change, modify, add or remove any portion of these Terms and Conditions, in whole or in part, at any time. Changes will be effective when notice of such change is posted. Your continued use of the Site after any changes are posted will be considered acceptance of those changes. You should visit this page from time to time to review the then-current Terms and Conditions because they are binding on you.

THE INFORMATION CONTAINED HEREIN MAY CONTAIN INACCURACIES AND TYPOGRAPHICAL ERRORS. GM DOES NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE INFORMATION OR THE RELIABILITY OF ANY ADVICE, OPINION, STATEMENT OR OTHER INFORMATION DISPLAYED OR DISTRIBUTED THROUGH THIS SITE OR ANY LINKED WEB SITE. YOU ACKNOWLEDGE THAT ANY RELIANCE ON ANY SUCH OPINION, ADVICE, STATEMENT, MEMORANDUM, OR INFORMATION SHALL BE AT YOUR SOLE RISK. GM RESERVES THE RIGHT, IN ITS SOLE DISCRETION, TO CORRECT ANY ERRORS OR OMISSIONS IN ANY PORTION OF THE SITE. GM MAY MAKE ANY OTHER CHANGES TO THIS SITE AND THE INFORMATION CONTAINED IN THIS SITE AT ANY TIME WITHOUT NOTICE.

IN NO EVENT SHALL GM OR ANY OF ITS SUBSIDIARIES BE LIABLE TO YOU FOR ANY DIRECT, INDIRECT, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES (INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION OR PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM) THAT ARE RELATED TO THE USE OF, OR THE INABILITY TO USE, THE CONTENT, MATERIALS, AND FUNCTIONS OF THIS SITE OR ANY LINKED WEB SITE, EVEN IF GM IS EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

On this website, our use of the words "expect," "anticipate," "possible," "potential," "target," "believe," "commit," "intend," "continue," "may," "would," "could," "should," "project," "projected," "positioned" or similar expressions is intended to identify forward-looking statements that represent our current judgment about possible future events. We believe these judgments are reasonable, but these statements are not guarantees of any events or financial results, and our actual results may differ materially due to a variety of important factors. Among other items, such factors might include: our ability to realize production efficiencies and to achieve reductions in costs as a result of our restructuring initiatives and labor modifications; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; our ability to maintain adequate liquidity and financing sources and an appropriate level of debt, including as required to fund our planning significant investment in new technology; our ability to realize successful vehicle applications of new technology; and our ability to continue to attract new customers, particularly for our new products. GM's most recent annual report on Form 10-K and quarterly reports on Form 10-Q provide information about these and other factors, which we may revise or supplement in future reports to the SEC.