GM maintains strong sales growth in July
While continuing to underperform in its home market, General Motors Co. has continued an uninterrupted series of single month sales records that started in January this year.
GM China on August 03 reported its best July ever in terms of sales: July domestic sales of the automaker and its joint ventures in China jumped 77.7 percent from a year earlier to 144,593 units.
That brings the total sales of GM China and its joint ventures in the first seven months to 959,035 units, up 42.8 percent from the same period last year, according to figures released by GM China.
Shanghai GM, GM's joint venture with Shanghai Automotive Industry Corp. (SAIC), sold 56,489 vehicles in July, up 60.6 percent year-on-year.
Both Buick and Chevrolet set calendar year-to-date sales records, according to GM China. In July, total sales of the new LaCROSSE and the new Regal topped 10,000 units. Meanwhile, the Chevrolet Cruze achieved a new monthly sales record high of 8,764 units since it entered the market in April.
Sales of SAIC-GM-Wuling Automobile Co., a joint venture between SAIC, GM and Liuzhou Wuling Motor Co. that makes minivans and the Chevrolet Spark small car, surged 90.7 percent in July on an annual basis to 87,925 units.
"We have additional new products on their way in the coming months that will enable us to keep up with the growing demand for high-quality personal transportation," says Kevin Wale, President and Managing Director of GM China, in a statement.
According to information released by GM China earlier this year, GM still has two new models to launch in China later this year; the Cadillac SRX SUV and a new small car developed by Pan Asia Technical Automotive Center (PATAC), an r&d center it runs with SAIC.
In 2010, GM will introduce redesigned Chevrolet models such as the new Epica, which will help the company to keep up its robust sales in China, says John Zeng, a market analyst with Global Insight in Shanghai.