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GM China sales up 13%

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GM China sales up 13%

General Motors Co., which has China as its biggest selling market, revealed a 13% increase in sales last month, with Chevrolet and Wuling minivans taking the first two top positions.

The Detroit-based company stated that it sold 249.734 vehicles in July and that sales grew 11% in the first seven months of 2014, to 1.98 million vehicles. General Motors is adding new models and production capacity as it rivals with Volkswagen AG for the reign of top foreign automaker in the world’s largest auto market. The German car manufacturer outsold GM in China in the first half of 2014.

GM reported that Buick vehicles deliveries rose 1% last month compared to the previous year and Chevrolet sales grew 11%. Its premium marquee, the Cadillac, scored a rapid increase of 58% this July. The sales of Wuling minivan brand, which represents about half of GM’s China sales total, also gained 25% last month.
By 2020, GM’s production capacity in China will be 65% higher to provide for a rising demand, as Matt Tsien – carmaker’s country head – said in April at the Beijing auto show. The company will have introduced more than 60 new or refreshed models by the end of 2018, with 11 new SUVs as part of the lineup over the following five years.

By Gabriela Florea

by Cristian Gnaticov (my Google+) - Wednesday, August 6th, 2014 - filed under General Motors, Industry, News, Sales Reports. Image credit: .
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