GM's 2 light-vehicle ventures post lower sales
General Motors’ car joint venture with SAIC and its light-vehicle partnership with SAIC and Wuling posted lower August sales, in the latest sign China's auto market is slowing amid trade worries, tighter lending standards and slower overall economic growth.
China deliveries at SAIC-GM, GM’s car joint venture with SAIC Motor Corp., decreased 3.8 percent to 158,616, according to SAIC.
It was the third consecutive month of lower sales at SAIC-GM, which produces and markets Cadillac, Buick and Chevrolet light vehicles.
Sales at SAIC-GM-Wuling, the Detroit automaker’s light-vehicle partnership with SAIC, dropped 5.8 percent to 145,515 last month, after a flat July.
SAIC-GM-Wuling builds and distributes light vehicles for the entry-level Baojun brand and the Wuling minibus marque.
Through August, SAIC-GM’s sales rose 6.5 percent to 1,251,744 while SAIC-GM-Wuling’s deliveries advanced 2.3 percent to 1,327,369.
GM only releases sales results for China on a quarterly basis.
China deliveries at SAIC-GM, GM’s car joint venture with SAIC Motor Corp., decreased 3.8 percent to 158,616, according to SAIC.
It was the third consecutive month of lower sales at SAIC-GM, which produces and markets Cadillac, Buick and Chevrolet light vehicles.
Sales at SAIC-GM-Wuling, the Detroit automaker’s light-vehicle partnership with SAIC, dropped 5.8 percent to 145,515 last month, after a flat July.
SAIC-GM-Wuling builds and distributes light vehicles for the entry-level Baojun brand and the Wuling minibus marque.
Through August, SAIC-GM’s sales rose 6.5 percent to 1,251,744 while SAIC-GM-Wuling’s deliveries advanced 2.3 percent to 1,327,369.
GM only releases sales results for China on a quarterly basis.
