GM’s China August Sales Accelerate on Wuling, Buick DeliveriesBloomberg News
General Motors Co., the largest foreign automaker in China, reported sales growth accelerated in the country last month, helped by demand for its Wuling and Buick vehicles.
Total sales in August climbed 11.2 percent to 245,799 units, after expanding 11.1 percent the preceding month, the Detroit-based company said in a statement today. Deliveries of Wuling vehicles, which account for almost half of GM’s China sales, gained 12.4 percent to 112,139 units last month.
GM’s sales in China have risen 10.7 percent this year, keeping it on track to reach its 2013 target of selling 3 million vehicles in the world’s largest auto market. To defend its sales lead, the U.S. automaker is spending $11 billion by 2016 on new plants and products in China and is building four assembly plants there to boost production capacity to five million vehicles a year by 2015.
Buick deliveries rose 17.7 percent to 67,793 units on the popularity of the Excelle line. Chevrolet sales to 50,029 vehicles, it said.
Demand for the upscale Cadillac marque doubled to a record 4,396 vehicles on demand for the XTS sedan and SRX crossover. The low-cost Baojun brand sold 28.8 percent more vehicles to 7,606 units, the company said.
GM plans to introduce 17 new models this year in China, its largest market, focusing on sport utility vehicles and luxury models. The automaker is looking at adding nine new or refreshed SUVs in China over the next five years.
— With assistance by Alexandra Ho