GM's sales in China increased 56% year-on-year in September
In the first three quarters of 2009, General Motors and its joint ventures in China achieved sales of approximately 1.29 million units, an increase of 55.6% year-on-year.
According to data released by General Motors on October 9, in the first three quarters, Shanghai GM sold a total of 480,000 vehicles, an increase of 40% year-on-year; SAIC-GM-Wuling sold 800,000 vehicles, an increase of 64.5% year-on-year. Among them, GM’s sales of cars in China in September increased by 107% to 181,148. FAW-GM Light Commercial Vehicle Co., Ltd., which was established on August 30 this year, also sold 8,780 light trucks and trucks in September.
General Manager Gan Wenwei, president and general manager of General Motors China, said in an announcement that the main reason for the increase in sales was that the company launched several new models that were recognized by consumers.
Among them, the Chevrolet Cruze sedan has been listed for 6 months and has sold 48,000 units; Buick New Regal has sold 64,000 units since its launch at the end of last year. Gan Wenwei said that almost all market segments are growing this year, and this year's major market drivers come from first-time car buyers in second-, third-, and fourth-tier cities in China.
This market performance of General Motors is also related to the purchase tax halving policy and the “automobile going to the countryside†policy that China began to implement at the beginning of the year.
According to the statistics of the China Association of Automobile Manufacturers, spurred by a half-purchase policy on purchase tax and the policy of “automobiles going to the countrysideâ€, in the first eight months of 2009, China’s auto sales exceeded 8.33 million, an increase of nearly 30% year-on-year.
At present, General Motors has three joint ventures in China, namely Shanghai General Motors and SAIC-GM-Wuling, joint ventures with SAIC, and FAW-GM Commercial Vehicle Co., Ltd., a joint venture with FAW Group.
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