SHANGHAI – General Motors and its joint ventures delivered 321,264 vehicles in January. Deliveries in the first month of 2017 declined 24 percent on an annual basis due to the earlier Spring Festival holiday and reduction in the vehicle purchase tax incentive.
Cadillac continued its strong sales growth with its best-ever monthly deliveries. The recently launched new-generation GL8 led Buick’s MPV sales to an all-time monthly record.
“We are seeing strong growth momentum with Cadillac as we continue to build our product lineup in the fast-growing luxury segment,” said GM Executive Vice President and GM China President Matt Tsien. “We are well positioned to meet the demand from consumers for higher-end vehicles. As a result, we expect 2017 to be another year of positive results.”
GM will launch 18 new and refreshed models this year in China to support continued growth in the company’s largest retail market. Half of the models being introduced in 2017 under the Buick, Chevrolet, Cadillac, Baojun and Wuling brands will be SUVs or MPVs.
- Cadillac deliveries surged 116 percent on an annual basis to more than 18,000 units in January.
- Driven by the XT5, Cadillac SUV sales almost tripled last month from a year earlier in the industry’s strongest segment.
- ATS-L luxury sport sedan deliveries rose 115 percent.
- XTS luxury sedan sales increased 46 percent.
- Cadillac deliveries topped 100,000 units in China for the first time in 2016.
- Deliveries of the GL8 MPV family increased 62 percent year on year led by the new-generation GL8 and GL8 Avenir luxury MPVs launched in November. More than 700,000 GL8s have been sold in China since the nameplate’s introduction.
- The Verano family had its best-ever monthly sales as demand rose 11 percent.
- The Envision had its second best monthly sales since its launch in 2014.
- Deliveries of the Malibu family rose 30 percent from the previous January.
- Sales of the next-generation Cruze Hatchback start this month.
- The Equinox will be added to the fast-growing midsize SUV segment in the first half.
- Chevrolet is on track to fulfill its plan to introduce more than 20 new or refreshed products in China by the end of 2020. Nearly 30 percent of the models will be SUVs and nearly half will be new nameplates for the China portfolio.
- The Baojun 730 MPV kept up its strong performance with continued monthly sales of around 30,000 units.
- Baojun 560 SUV deliveries exceeded 25,000 units for the third consecutive month.
- Sales of the Baojun 310 topped 10,000 units for the fourth consecutive month. The sedan has been the segment leader since its launch in September.
- The Baojun 510 small SUV, which has achieved strong pre-orders, will build on the brand’s SUV lineup and fuel its further growth from this month.
- The Hong Guang family remained the segment leader.
- Wuling’s sales declined due to the ongoing contraction of China’s mini-commercial vehicle market.
The purchase tax imposed on new passenger vehicles with engines of 1.6 liters and below rose to 7.5 percent from January 1. That compares to the 5 percent levied on eligible vehicles from October 1, 2015, to the end of 2016. The purchase tax will increase to 10 percent from January 1, 2018.