In China, American Brands Cadillac, Jeep, Buick And Lincoln Score Best Year Ever – Forbes
Chinese consumers continue to find American cars highly attractive. Especially the premium brands.
American automakers and their Chinese joint venture partners sold a record 5. 3 million vehicles in China in 2016.
Premium American brands – Cadillac, Buick, Lincoln and Jeep – performed exceptionally well. But mass market brands – Chevrolet and Ford – came under some pressure. Chrysler and Dodge, imported from America, continued to sell in small numbers due to their hefty after-import-duties sticker prices.
Here are the 2016 numbers:
General Motors: Sales of 3.87 million, up 7 percent.
Ford: Sales of 1.27 million, up 14 percent
Jeep: Sales of 133,000, up 94 percent.
Buick, Detroit best-selling brand in China, achieved deliveries of 1.18 million, a 19% increase from the year before.
Cadillac sales leapt 46% to 116,000 on the back of strong demand for the XT5 SUV. Cadillac and Lexus and Land Rover are giving chase to German luxury makers, BMW, Porsche Audi and Mercedes, who control 75 percent of China’s premium vehicle market.