November sales: GM sees China rise 13% image

Thanks mainly for demand for its Wuling cars, GM, which counts China as its largest market, said sales there rose 13 % in November for its second-best month this year and putting it on track to deliver more than 3 million vehicles this year.

Total sales in November were of 294,500 vehicles, with wholesale deliveries of its premium Cadillac brand gaining 93 % to a record, while Wuling sales climbed 25 %.

GM, vying with Volkswagen AG (VOW) to be the top foreign automaker by sales in China, forecast it would reach its goal of selling 3 million vehicles this year by the middle of this month. The automaker is poised to set the annual sales record amid management changes, with the announcement last week of Matthew Tsien, a vice president, taking over as head of China operations from Bob Socia when he retires on Jan. 1.

While GM was the top-selling foreign automaker in China last year, Volkswagen pulled ahead in deliveries during the first three quarters, selling 2.35 million vehicles to GM’s 2.31 million units.

Among GM’s brands, Buick deliveries gained 8.4 % to 76,085 units last month.
Sales of Wuling vehicles, which account for almost half of GM’s China sales, reached 135,830 units last month. The low-cost Baojun brand sold 2.3 % more vehicles at 10,466 units, the company said.

SAIC-GM-Wuling, which produces Wuling and Baojun vehicles, is introducing two new Baojun products next year, a compact hatchback and a new multipurpose vehicle, along with a sport utility vehicle in 2015, Raymond Bierzynski, its executive vice president, said last month in Guangzhou.

Via Bloomberg