Investors: Sales & Production
General Motors Sells More Than 250,000 Vehicles in China, Sets October Record
Mon, Nov 5 2012
SHANGHAI – General Motors and its joint ventures sold an October-record 251,812 vehicles in China. Sales were up 14.3 percent on an annual basis, as GM’s major brands in China reached new highs for the month.
Shanghai GM sold 117,611 vehicles in China during October, a year-on-year increase of 13.8 percent. SAIC-GM-Wuling’s domestic sales rose 15.9 percent on an annual basis to 129,806 units. FAW-GM sold 4,259 vehicles in the domestic market, down 2.7 percent from October 2011.
Buick sold 60,510 vehicles in China last month, an increase of 7.7 percent on an annual basis. The brand was led by the original Excelle family, which sold 23,414 vehicles. In addition, the Excelle XT and GT had sales of 16,541 units, an increase of 68.0 percent year on year.
Chevrolet sales in China totaled 54,660 units, an increase of 8.3 percent from the previous October. Its best-selling model was the Cruze, with demand totaling 20,690 units – an increase of 4.6 percent year on year. Right behind it was the Sail family, which had sales of 18,385 units, a 14.9 percent increase year on year. Sales of the Malibu remained strong as well, totaling 7,843 units in the nameplate’s first October being offered in China.
Cadillac sales in China increased 19.5 percent on an annual basis in October to 2,491 units. Its best-selling model was the SRX, which experienced a sales increase of 31.0 percent to 1,677 units.
Wuling brand sales in China during October were 118,788 units, a year-on-year increase of 17.0 percent. It was led by the Sunshine, which had sales of 44,346 units. Another Wuling minivan, the Hong Guang, had sales of 34,220 units – an increase of 63.9 percent from last October.
Baojun set an all-time monthly sales record, surpassing 10,000 units for the first time. It sold 10,968 vehicles, more than twice the number of the previous October. Sales of the brand’s most popular model, the 630, rose 32.6 percent on an annual basis to 6,634 units.
During the first 10 months of 2012, GM and its joint ventures sold 2,333,624 vehicles in China, an increase of 10.5 percent year on year and a new record for the period. Shanghai GM’s domestic sales grew 7.4 percent to 1,084,443 units. SAIC-GM-Wuling’s domestic sales grew 13.9 percent to 1,199,937 units. FAW-GM’s domestic sales decreased 0.5 percent to 45,508 units.
General Motors traces its roots back to 1908. GM has 12 joint ventures, two wholly owned foreign enterprises and more than 35,000 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 2011, GM sold more than 2.5 million vehicles in China. It has been the sales leader among global automakers in the market for seven consecutive years. 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.
