China: GM goes up, Honda falls image

The world’s largest auto market offers contrasting scenery when it comes to the global automakers – with Japanese automakers in recent years falling off the grid.

The Japanese carmakers have somehow recovered from the disastrous results accounted last year, but they continue to post mixed results from month to month. In recent years, Japanese auto sales were impacted by a flair of anti-Japanese sentiment because of new political disputes.

Honda Motor Co Ltd, the third-largest Japanese carmaker and its two Chinese joint ventures delivered only 72,973 autos locally last month, which is a rather steep 12.1% fall from the same period of last year. Honda’s tally is not great when it comes to the preceding months either – there was a 5.8 % year-on-year slide in October and a 23.1 % fall in September. The company has seen a modest 1.4% decline when it comes to the 11 months total for the year, which stands at 646,127 units. Honda’s Chinese partners are Dongfeng Motor Group Co and Guangzhou Automobile Group Co.

General Motors on the other hand, which lost leadership of the Chinese market last year to Germany’s Volkswagen AG, continues to increase its deliveries and the No. 1 US automaker and its local partners have sold 310,094 autos last month. According to a statement from the carmaker, that’s a 5.3% increase form the same month of 2013. In October the deliveries were up 3.2% and in September they jumped 15.2%. The 11-month tally stands at 3.18 million vehicles, rising 10.1% from the same period last year.

Via Reuters