GM’s China October Sales Gain 12% on Buick-Wuling Deliveries
General Motors Co. (GM), which sells more vehicles in China than anywhere else, saw deliveries rise 12 percent in the country last month, driven by demand for Buicks and Wuling minivans.
Total sales in October climbed to 282,446 units, the Detroit-based company said in a statement today. Buick deliveries rose 15 percent and Wuling sales increased 14 percent, it said.
October’s results kept GM on track to sell 3 million vehicles this year in the world’s largest auto market. The automaker is planning to step up promotions of its Chevrolet and Cadillac brands while bolstering its line-up of sport utility vehicles as it battles to fight off competition from Volkswagen AG (VOW) for the top foreign automaker spot in China.
Chevrolet sales gained 8 percent to 59,006 vehicles, while deliveries of premium Cadillac vehicles increased 69 percent to 4,202 units.
Sales of Wuling vehicles, which account for almost half of GM’s China sales, increased 14 percent to 135,687 units last month.
Though GM was the top-selling foreign automaker in China last year, Volkswagen has pulled ahead in deliveries during the first three quarters, selling 2.35 million vehicles to GM’s 2.31 million units.
At the Shanghai auto show in April, GM unveiled plans to spend $11 billion through 2016 on expanding in China. the company estimates the four new assembly plants will, when completed, boost annual capacity to 5 million vehicles -- double the number of cars it sold in the U.S. last year.
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