GM China Sales up 21pct in May image

US based automaker General Motors said its China sales for May hit a record 231,183 vehicles in the country, despite a looming slowdown in the world’s second largest economy.

Sales came to 1.2 million from January through May, up 11.5 percent from the year-ago level, it said in a statement.

GM make vehicles in China in partnership with FAW Group and SAIC Motor Corp.

Sales at GM’s Wuling joint venture with SAIC and Liuzhou Wuling Motors Co. rose 34% to 119,721 vehicles, the statement added.

However, sales at FAW-GM–its commercial-vehicle joint venture with FAW Group–fell 0.7% to 3,756 units, GM said.

Buick sales fell 1.2 percent from last year, while sales of its original Excelle family grew 19 percent. Sales of the Excelle XT and GT were also strong.

Chevrolet brand sales in China were up 13.1 percent , with a 34 percent growth in the sale of its most popular model, the Cruze. Cadillac sales were down 2.2 percent, while Wuling sales jumped 34 percent.
China’s nationwide vehicle sales rose just 2.5 per cent to 18.51 million units in 2011, compared with an annual increase of more than 32 per cent in 2010.

China’s economy has also started to slow with growth of 8.1 per cent in the first quarter of 2012, its slowest pace in nearly three years.