GM China sales edge up 3% in October as market turns soft
General Motors, which counts China as its largest market, posted the slowest pace of sales growth in 20 months after deliveries of Wuling-brand vehicles declined.
The carmaker's China sales in October rose 3 percent to 291,371 vehicles in China, according to a statement on the Detroit-based company's website.
GM's Wuling microvan joint venture, which makes up about half of GM's total sales in China, said deliveries fell 10 percent. That's the biggest monthly sales decline for Wuling since January 2012.
Buick deliveries climbed 8 percent, while Chevrolet sales rose 2 percent. Cadillac, GM's premium marque, posted a 22 percent surge.
In the first ten months, General Motors' sales increased 11 percent to 2,872,501 units.
This year, General Motors' China sales are expected to exceed last year's sales of 3.2 million units, Matt Tsien, the carmaker's China chief, said in Shanghai in September.
GM plans to spend $14 billion (86 billion units) from 2014 through 2018 to open five new vehicle assembly plants and support annual sales of 5 million cars and trucks in the country.
China's vehicle sales expanded at the slowest pace in 19 months in September as economic growth slows. Total sales of passenger and commercial vehicles this year will likely be 23 million units, Dong Yang, secretary general of the state-backed China Association of Automobile Manufacturers, said last month.
Previously, he had projected industry sales of 23.8 million units.
GM's Wuling microvan joint venture, which makes up about half of GM's total sales in China, said deliveries fell 10 percent. That's the biggest monthly sales decline for Wuling since January 2012.
Buick deliveries climbed 8 percent, while Chevrolet sales rose 2 percent. Cadillac, GM's premium marque, posted a 22 percent surge.
In the first ten months, General Motors' sales increased 11 percent to 2,872,501 units.
This year, General Motors' China sales are expected to exceed last year's sales of 3.2 million units, Matt Tsien, the carmaker's China chief, said in Shanghai in September.
GM plans to spend $14 billion (86 billion units) from 2014 through 2018 to open five new vehicle assembly plants and support annual sales of 5 million cars and trucks in the country.
China's vehicle sales expanded at the slowest pace in 19 months in September as economic growth slows. Total sales of passenger and commercial vehicles this year will likely be 23 million units, Dong Yang, secretary general of the state-backed China Association of Automobile Manufacturers, said last month.
Previously, he had projected industry sales of 23.8 million units.
