General Motors expects its sales in China to increase next year due to gains in commercial vehicle deliveries and demand for passenger cars.
GM’s passenger-vehicle sales in China are expected to be „about the same” as this year, while commercial vehicles may „pick up a little bit”, GM China president Bob Socia said at the Guangzhou auto show. China is GM’s biggest market by volume, with the U.S. carmaker holding the first position among foreign automakers in the country. GM’s Buick and Chevrolet brands compete with Volkswagen, Nissan and more than 90 other brands.
Passenger-vehicle sales in the world’s second-largest economy are expected to rise by an average 8 percent a year to reach 22 million in 2020, as demand for SUVs grows stronger and as residents from smaller cities benefit from rising incomes.
“We recognize that there’s some formidable competition out there, but next year should be a pretty good year. What we want to do is continue to outstrip the growth in the industry and try to grab share along the way, as we’ve done this year,” Socia was quoted as saying by Bloomberg.
GM aims to keep its position as the market leader among foreign automakers in China and one of the ways to do this is promoting the Cadillac brand in the country, along with boosting SUV sales and the export business.