GM China sales up 8.3% in 2011 on Demand for Buick, Chevrolet Cars image

Sales at General Motors Co. and its China joint ventures rose 8.3 percent last year to 2,547,171 vehicles, the U.S. based automaker said on Monday.

“GM stayed ahead of the competition despite a slowdown in the growth of industry demand,” Kevin Wale, president of GM China Group, said in the statement.

In December alone, GM’s sales in China rose 9.8 percent annually to 196,797 units.

Shanghai GM’s sales rose 16.2% to 1,200,355 units in 2011, bolstered by strong demand for the Buick and Cadillac brands. Buick sales rose 17.4% to 645,537 and Cadillac sales gained 72.8% to 30,008 units last year, the statement said.

The Detroit-based GM is the largest foreign automaker in China and targets both luxury and affordable segments with its high-end Cadillac and Buick LaCrosse and entry-level with the Baojun 630, a sedan developed for the China market priced at about $10,000.

The company operates auto-manufacturing ventures in the country with SAIC Motor and FAW Group.
Ford also said December sales rose 10 percent over a year earlier, helping to push up sales for the year by 7 percent to 519,390 vehicles.