GM sees 12% sales rise in China in October image

The American company, which today sells more vehicles in China than anywhere else, saw deliveries jump 12 % in the country last month, buoyed by rising interest for Buicks and Wuling minivans.

Total sales in October reached 282,446 units, the Detroit-based company said in a statement. Buick deliveries jumped 15 % and Wuling sales were close at 14 %, it said.
Chevrolet sales increased 8 % to 59,006 vehicles, while deliveries of premium Cadillac vehicles skyrocketed by 69 % to 4,202 units. Sales of Wuling vehicles, which account for almost half of GM’s China sales, were up 14 % to 135,687 units last month.

October’s results keep GM on track to surpass 3 million vehicles this year in the world’s largest auto market. The automaker is also mulling a step up  in promotions for its Chevrolet and Cadillac brands, as it beefs up the line-up of sport utility vehicles. The move is needed as it battles to fight off competition from Volkswagen AG for the top foreign automaker spot in China.

Though GM was the best-selling foreign automaker in China last year, Volkswagen has an advantage in deliveries during the first three quarters, selling 2.35 million vehicles to GM’s 2.31 million units.

This year GM unveiled a strategy to spend $11 billion through 2016 on expanding in China. The company estimates the four new assembly facilities will, when ready, buoy annual capacity to 5 million vehicles — double the number of cars it sold in the U.S. in 2012.

Via Bloomberg