GM reported sales in China accelerated in June thanks to increased demand for the Cadillac vehicles.
GM’s June sales increased 11% to 236, 207 units, after a jump of 9.4% in May. During the first half of the year the automaker’s sales in China were up 11% to 1.57 million vehicles. For this year GM has set a target of selling 3 million vehicles in China, relying on an investment of $11 billion in the region, which will extend until 2016, but also on the new products.
The US automaker plans to build 4 new plants in the world’s largest auto market and boost annual capacity to 5 million units by 2015. Cadillac’s sales in China increased 69% last month to 4,244 units, thanks to high demand for the XTS sedan and the SRX crossover, and 35% during the first half of the year.
Even if the automaker expects to see luxury vehicles sales in China slowing down, it still broke ground in June to a Cadillac plant in the region. GM’s China chief Bob Socia said that premium vehicle sales in China are expected to rise around 4% in 2013. Last month, Buick sales increased 9.5% to 62,430 units and 17% for the first half and Chevrolet sales increased 7% in June and 6.1% for the first half.