GM reports sales gains in China as SUVs gain favor – USA TODAY
Despite all the talk of a slowing economy in China, Generall Motors is doing just fine there when it comes to vehicle sales.
General Motors and its joint venture partners sold 277,979 vehicles in April in China, a 7.5% increase from the year-earlier month.
The performance was led by continuing strong demand for SUVs and a 56% rise in sales for Buick, GM’s largest brand in China. Buick sold 98,992 vehicles last month, led by strong demand for the Excelle GT sedan and Envision SUV. The new LaCrosse hybrid electric vehicle will soon be joining the recently introduced gasoline LaCrosse midsize sedan in the lineup.
“GM continues to grow in segments that are on top of customers’ purchase lists,” said Matt Tsien, president of GM China. “We have more new vehicles on the way in the SUV, MPV and luxury segments.” Highlights included:
•Cadillac. Sales rose 13% to 7,007 units, including the new CT6 sedan that went on sale in January and the new XT5 crossover that debuted in April.
•Chevrolet. Sales fell 29% from April 2015 to 35,431. Chevrolet is launching several new models later this year, including the Malibu XL.
•Baojun. Sales of the Baojun brand were up 56% to 37,915, led by the Baojun 730 MPV and Baojun 560 SUV. A new Baojun 310 hatchback was recently revealed at the Beijing auto show and will go on sale this summer.
•Wuling. Sales dropped 14% to 98,580 units, reflecting continued contraction of the mini-commercial vehicle market.
Through the first four months of 2016, GM and its Chinese partners sold 1,241,631 vehicles, an increase of 1.7% from the same period last year.