China: GM increases yearly sales by 12% image

General Motors is the largest automaker in the United States, but actually its single biggest auto market is China, and the US company has announced that sales in the latter country climbed 12% last year.

General Motors and its local joint ventures reached record deliveries on the Chinese market – the largest in the world – totaling 3,539,970 units in 2014. That translates into an interesting statistics: the automaker’s brands sold an average of one vehicle every 9 seconds and almost 9,700 units daily. Back in 2013 General Motors tallied another record, selling 3,160,377 vehicles. “GM performed well ahead of the overall industry in China, which was up an estimated 7.5 percent last year,” said GM Executive Vice President and President of GM China Matt Tsien. The automaker added that its sales growth was buoyed by particular increases in the luxury, SUV and MPV segments.

Breaking down the units, sales by Shanghai GM climbed 13.1% to a record 1,710,025 units. SAIC-GM-Wuling sold 1,787,931 units, rising 12.8% on a yearly basis and FAW-GM’s domestic sales dropped 29.4% to 41,702 autos.

Buick, GM’s best selling brand in China, saw increases of 13.5%, totaling 919,518 vehicles. The Excelle family led gains with sales of 293,098 units; followed by the Regal and Encore, which tallied 246,305 cars thanks to a 20.6% jump. Chevrolet also set a delivery record in 2014, with demand growing 10% to 717,007 autos. The top-selling nameplate was the compact Cruze, increasing deliveries by 7.7% to 265,993 units. Cadillac posted the most spectacular jump in China, taking command of the luxury segment for GM vehicles as it increased deliveries by 47% to 73,500 vehicles.