General Motors Co’s vehicle sales in China rose 5.2 percent to 3.61 million last year, the US carmaker said on Wednesday.
General Motors and its joint ventures delivered 3,612,635 vehicles in China in 2015, which was up 5.2 percent from the previous high in 2014. China remained GM’s largest market in terms of retail sales. An average of one vehicle was sold every 9 seconds and nearly 9,900 vehicles were sold each day last year. In December, GM sold an all-time monthly record of 445,227 vehicles in the domestic market, an increase of 14 percent on an annual basis. “We expect to have increased our market share in 2015 through great products and our team’s relentless effort,” said GM Executive Vice President and President of GM China Matt Tsien. “We anticipate continued growth in 2016, as we plan to introduce 13 new and refreshed models starting with Cadillac’s all-new CT6 sedan later this month.” After several months of decreasing sales in mid-2015, as China’s economy slowed its pace in, the demand rebounded strongly in October after the Chinese government cut taxes on small-engine cars.
In 2015, GM and its partners expanded their lineup by introducing 12 new and refreshed models, including the all-new Buick Excelle GT sedan and Verano new-generation sports sedan, new Chevrolet Malibu mid-size sedan, Baojun 560 SUV and new Cadillac ATS-L luxury sport sedan. Automaker’s SUV deliveries last year surged 144 percent on an annual basis, led by new models such as the Buick Envision and Baojun 560. The fast-growing SUV segment accounted for 13 percent of GM’s sales in China in 2015, compared with 5.6 percent a year earlier.