China: General Motors Q1 auto sales up 10% image

General Motors said on Saturday, that the company has sold 685,583 vehicles in China in the first quarter. That’s up 10 percent from a year earlier.

According to an official statement by General Motors, in March 233,014 vehicles were sold in China, compared to 230,048 vehicles in the same month of the last year. As per the experts, the joint venture between SAIC and GMS for the promotion of Sedan helped the company to pull a sale of 99,589 cars, a significant rise of 15%.

“GM had a good month and a solid start to the year despite the expiration of government incentives at the beginning of 2011 and the consequences of the tragic earthquake and tsunami in Japan,” said Kevin Wale, president of GM China.

He said the group and its joint ventures in China had been able to meet the supply chain challenges caused by the Japanese disaster.

GM’s sales in China last year increased 28.8 per cent year-on-year to an annual record of 2.35 million vehicles, outstripping sales in the United States.

China’s industry-wide sales this year slowed. February auto sales growth fell to 2.6 percent, the slowest in more than two years.
The figure for March has yet to be announced.

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