GM reported sales in China up 9.7% in November, thanks to increased sales for its Buick and Chevrolet vehicles.
Last month GM’s sales in China increased 9.7% to 260, 018 units, led by a raise of 17% in Buick sales. From January to November the automaker sold 2.59 million vehicles, up 10%, surpassing the full-year tally in 2011. This year GM has opened more dealerships in China, outpacing the country’s average industry growth for 2012.
The US automaker said it plans to introduce in China a new Cadillac model each year until 2016, trying to boost sales of its luxury brand. The company will also invest $7 billion by 2015 in the country, but its current priority is to boost Cadillac sales, which increased 8.4% to 3,260 units in November, thanks to the SRX SUV which sold 2,082 units.
Sales for GM’s Chinese Baojun brand increased 70% to 10,232 Aveo subcompacts and Baojun 630 compacts, the only models sold by the brand. The SAIC-GM-Wuling JV sold 118,536 units last month, down 0.5%, marking the first year-on-year decline in 10 months. Sales at FAW-GM Light Commercial Vehicle JV reached 4,837 units, an increase of 4.2%.