- Retail sales increase to a record 327,037 vehicles in October
- Buick monthly sales exceed 100,000 units for the first time
- Cadillac sales up 23 percent in October, as it continues to gain share in the luxury segment
- Chevrolet launched the all-new Malibu in October
- SUV sales surge 255 percent in October
SHANGHAI – General Motors and its joint ventures’ retail deliveries rose 15 percent year on year to a record 327,037 vehicles in China in October, with Buick posting its best-ever monthly sales.
Buick sales gained 42 percent in October, with monthly sales exceeding 100,000 units for the first time. The increase was led by the Excelle GT and Envision SUV. Sales of the Excelle GT more than doubled last month from a year earlier.
“GM is well positioned to capture the growth opportunities in the SUV, MPV and luxury segments, and our new products are gaining market share,” said GM Executive Vice President and GM China President Matt Tsien. “The recently announced government incentive for vehicle purchases helped boost buying sentiment starting in October.”
Increasing demand for SUVs, MPVs and luxury vehicles continued to support GM’s sales last month. The Buick Envision and Baojun 560 led the sales growth of GM’s SUVs in October, jumping 255 percent on an annual basis.
Cadillac sold an October record 5,757 luxury vehicles in China, an increase of 23 percent year on year. Sales of the ATS-L reached a new high for the month. A new eight-speed transmission was added to the ATS-L last month. The model is the first vehicle in China with OnStar 4G LTE capability.
Baojun sales jumped 113 percent to 51,589 units from the previous October, setting an all-time high for the period. The Baojun 560 became the second-best-selling SUV in China within three months of its launch on July 18, according to data from the China Association of Automobile Manufacturers (CAAM).
Chevrolet sales declined 8.4 percent year on year to 51,173 units in October mainly due to a model changeover. Late last month, Chevrolet launched the all-new Malibu in China.
Wuling sales dropped 6.8 percent to 116,786 units in October from a year earlier due to continued contraction of the mini-commercial vehicle market.
During the first 10 months of 2015, retail sales by GM and its joint ventures in China increased 2.9 percent on an annual basis to a record 2,819,465 units.
Note: Starting with April sales results, GM began reporting retail sales rather than wholesales in China. All numbers in the press release are retail sales.
General Motors traces its roots back to 1908. GM has 11 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 and Wuling brands. In 2014, GM sold more than 3.5 million vehicles in China. More information on General Motors in China can be found at GM Media Online.