SHANGHAI – General Motors and its joint ventures delivered 296,939 vehicles in China in March, led by strong performance in the SUV and luxury segments where consumer demand remains high.
In March, Buick Envision SUV deliveries were up 85 percent from a year earlier. Together with the Baojun 560 SUV, the second best-selling model in its segment, SUV deliveries were up 124 percent from the same period a year earlier. Cadillac deliveries rose 14 percent in March compared to the previous year.
“We are pleased with our continued progress in the industry’s key growth segments,” said GM Executive Vice President and GM China President Matt Tsien. “We will continue to launch exciting products across our brands.”
Between now and 2020, GM and its joint ventures plan to roll out more than 60 new and refreshed models in China, including 13 this year, with a strong focus on SUVs, MPVs and luxury vehicles. GM expects China’s vehicle market to increase by 5 million units or more by 2020, representing growth of about 3-5 percent annually.
To capitalize on this trend, about 40 percent of the new vehicles that GM will launch in China over the next five years will be SUVs and MPVs, and GM’s Cadillac luxury brand will introduce 10 new and refreshed models.
GM’s March deliveries in China declined 0.6 percent from the previous year, impacted by the replacement of several models, such as the Buick LaCrosse and Chevrolet Malibu, and the continued softening of the mini-commercial vehicle market.
In the first quarter of 2016, GM and its joint ventures’ deliveries increased 0.2 percent year over year to 963,652 units.
Cadillac deliveries last month rose 14 percent from a year earlier to 7,588 units. The American luxury brand launched its new top-of-the-range CT6 prestige sedan at the end of January and will introduce the XT5 luxury crossover on April 12. Both models are manufactured at SAIC-GM’s new Cadillac plant in Shanghai.
Buick deliveries during the month advanced 2.9 percent from a year earlier to 72,886 units. Strong growth in demand for the Excelle GT and Envision SUV more than compensated for the model changeover for the LaCrosse. The all-new LaCrosse, launched on March 18, will include further advancements in connectivity and safety technologies.
Chevrolet deliveries in March declined 19 percent year over year to 33,320 units, primarily due to the model changeover for the Malibu. The brand launched its new flagship sedan, the Malibu XL, at the end of February. Chevrolet will continue to expand the diversity of its lineup with new models such as an upcoming hybrid version of the Malibu XL and the recently launched LOVA RV urban recreational vehicle.
Baojun delivered a March record 45,002 units in China, an increase of 82 percent year over year. Deliveries of the Baojun 730 MPV and Baojun 560 SUV both exceeded 20,000 units last month. The brand will continue its momentum with the reveal of the Baojun 310 sub-compact car at Auto China 2016 in Beijing later this month.
Wuling deliveries in the domestic market totaled 138,079 units, which was 11 percent lower than during the previous March. The brand was impacted by continued contraction of the mini-commercial vehicle market.
Note: Starting with April 2015 sales results, GM began reporting retail sales rather than wholesales in China. All numbers in the press release are retail sales.