Bloomberg News

GM China Sales Rise 9.1% in June on Buicks, Cadillacs

July 06, 2014

General Motors Co. (GM:US), which counts China as its largest market, sold 9.1 percent more vehicles there in June, helped by deliveries of Buicks and Cadillacs.

China sales climbed to 257,798 units in June, the Detroit-based company said in a statement on its website. Deliveries gained 10.5 percent in the first half.

GM is vying against Volkswagen AG (VOW) for the lead among foreign automakers in the world’s largest auto market, with the German manufacturer indicating it intends to maintain the top spot. GM, which outsold VW in the first quarter of the year, is investing $12 billion through 2017 in China to boost its plants and products.

Deliveries of Buick vehicles in June rose 14 percent from a year earlier, while Chevrolet sales climbed 1.5 percent.

Cadillac, its premium marque, saw a 46 percent increase last month and a 72 percent surge in the first six months. GM expects a better second half, estimating it will sell more than 70,000 Cadillac vehicles this year, according to John Stadwick, vice president of vehicle sales, service and marketing for GM China.

Deliveries at the Wuling minivan brand expanded 13 percent in June and also gained 13 percent in the first half.

GM’s production capacity in China will be 65 percent higher by 2020 to cater to rising demand, Matt Tsien, the country head, said in April at the Beijing auto show. The company is introducing more than 60 new or refreshed models by the end of 2018, with 11 new SUVs as part of the lineup over the next five years, he said.

To contact Bloomberg News staff for this story: Alexandra Ho in Shanghai at aho113@bloomberg.net

To contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net Brendan Scott


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