On November 5, GM released data that its sales in China reached a record high of 327,000 in October. The sales of its SUV models have more than doubled year-on-year, while the Buick brand sold for the first time in China under the support of Xinyinglang and Angkewei. Breaking through the 100,000 mark.
GM resumes double-digit growth in China
In October 2015, GM and its joint ventures achieved 327,037 retail sales in the Chinese market, up 15% year-on-year, and achieved double-digit year-on-year growth, which also set a new record for the same period. From January to October this year, GM and its joint ventures sold a total of 2,819,465 retail sales in China, a year-on-year increase of 2.9%, a record high.
SUVs, MPVs and luxury cars remain the troika of GM's growth in the Chinese market. Thanks to the continued popularity of Buick Angkewei and Baojun 560, sales of GM's SUV models surged 255% year-on-year in October.
Mr. Matt Tsien, GM's global executive vice president and president of General Motors China, said: "GM is well prepared to capture growth opportunities in the SUV, MPV and luxury segment segments, while at the same time, we The new products are also gaining market share. Since October, the government's preferential policies have stimulated consumers' desire to buy."
Sales of major brands: Buick surged 40%
Among the top brands sold by GM in China, the highest-selling Buick brand broke through the monthly sales of 100,000 units for the first time in October, a year-on-year increase of 42%. The two new models of Yinglang and Angkewei played a key role, among which Buick's new Yinglang sales more than doubled year-on-year.
The Cadillac brand hit another record high in October, up 23% year-on-year to 5,757 units. Among them, ATS-L sales have set a new record. Last month, the new Cadillac ATS-L, featuring the new 8-speed automatic manual transmission, was the first model in the country to be equipped with Angie Star's 4GLTE function.
In October, Baojun brand sales once again set a new record, with a 113% increase from the previous year to 51,589 units. According to the China Association of Automobile Manufacturers, Baojun 560 won the second place in China's best-selling SUV list in the three months since its listing on July 18 this year.
Affected by product upgrades, Chevrolet brand sales in October decreased by 8.4% year-on-year to 51,173 units. On October 20th, the Chevrolet brand launched a new Mai Rui Bao.
Affected by the continued downturn in the mini-commercial vehicle market, Wuling's sales in China fell 6.8% year-on-year to 116,786 units.
Intensive release of new cars
In October, the new ATS-L and the new Mai Rui Bao will be released. On the eve of the Guangzhou Auto Show on November 18, the SAIC General Motors Buick brand will also arrange the official launch of the Buick Weilang Coupe/Weilang GS, at which time the price will be announced.
During the five-year period from 2014 to 2018, GM plans to invest a total of 14 billion US dollars in China, releasing more than 60 new and modified models. In 2015, GM will release more than 12 new cars in China.
Before the end of 2016, only the Chevrolet brand will bring 7 new models to Chinese consumers, mainly in the mid-size car and SUV segment, covering full-size SUVs with higher specifications than Copac, new crossovers, and new family cars. And the Comalo convertible.
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