GM’s China JVs managed to sell 2.85 million vehicles in 2012 in the country, an increase of 14.7%.
According to the GM’s website, the automaker’s joint ventures in China sold 2.85 million vehicles last year, with SAIC Motor up 13.1% to 1.39 million vehicles and Wuling Motors sold up 12% to 1.46 million vehicles. The automaker is expected to report soon the overall sales in China, including imported vehicles for December 2012. In 2011, GM managed to sell 2.55 million cars in China, an increase of 8.3% from 2010.
This year VW and GM will compete for the sales crown in China, in a race with other foreign automakers. In 2004 VW lost the lead in China, although its Audi sedans are quite popular among Chinese bureaucrats. This year, VW is expected to surpass GM in sales with the help of its 8 new or revamped models such as the Golf, Santana, Audi Q3 and Skoda Octavia. More and more foreign automakers are beginning to invest in the world’s largest auto market, trying to make up for the losses in the crisis hit Europe.
“When the economy stabilizes, Chinese consumers will have more confidence to buy cars,” said Lin Huaibin, a Shanghai-based analyst at IHS Automotive. “A lot of indicators have shown economic improvement since September.”