GM tops Hyundai as China's 2nd biggest foreign automaker; VW remains market leader
General Motors Co. overtook Hyundai-Kia as China's second largest seller of light vehicles last year, while Volkswagen AG remains the top-selling automaker.
In 2010, GM sold 1,121,000 Buick, Chevrolet and Cadillac vehicles in China, according to statistics released by J.D. Power. GM grabbed 6.5 percent of China's light-vehicle market.
Those figures do not include sales recorded by SAIC-GM-Wuling, a three-way venture that sells small commercial vehicles. GM has a 44 percent stake in that venture.
The Hyundai Group, which includes the Hyundai and Kia brands, sold 1,091,200 units in China last year. The Korean automaker's Chinese market share dropped to 6.3 percent, down from 7 percent in 2009.
Last year, 17.2 million light vehicles were sold in China, up nearly 33 percent on an annual basis, according to J.D. Power.
The Volkswagen Group, which sells the Volkswagen, Skoda and Audi brands in China, remains a clear leader in China's market for passenger vehicles. Its sales reached 1,952,900 units last year, accounting for 11.3 percent of the market.
Aside from VW, GM and Hyundai, China's ten biggest foreign automakers last year included Toyota, Renault-Nissan, Honda, PSA Peugeot Citroen, Ford, Suzuki and Mazda.
