GM reported sales up in China for April, while Toyota’s deliveries continued to fall in the world’s largest auto market.
In April, GM’s sales in China increased 15% to 261,870 vehicles, after a rise of 13% in March. Toyota announced sales dropped 6.5% to 76,400 units, accounting for the ninth drop in 10 months. GM’s Buick and Chevrolet models saw a rise of 20%, as the US automaker tries to keep the no.1 place among foreign automakers in China for the 9th straight year.
Mazda also announced sales down 15% in April in China, while Volvo’s sales increased 30%, making the Asian country its biggest market. GM and Cadillac’s sales increased 99% to a record 4,077 vehicles, due to the all-new XTS model. GM relies on the luxury Cadillac brand planning to sell 100,000 units in 2015 and reach 10% market share in the premium segment by 2020.
GM holds to its target of selling 3 million vehicles this year in China and 5 million units by 2015, after it sold 2.84 million vehicles in the region last year. The automaker will invest $11 billion by 2016 to add new jobs, products and plants in China to consolidate its position in the world’s largest auto market.