GM China Set for Record-Breaking Sales Through July
General Motors, combined with joint ventures Baojun and Wuling, have combined to move a record 1,948,377 vehicles in China through the first seven months of 2015. This 3.3% year-over-year increase has GM on the precipice of crossing 2 million vehicles sold with a quarter of the year left to go, putting them comfortably on track for another record year.
In July, GM and its joint ventures combined to move 229,175 vehicles in China, a decrease of 4% year-over-year that GM says was largely predicated upon model changeovers and phase-outs for a number of Chevrolet models.
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“We have had a series of successful product launches over the past few months, including the all-new Buick Excelle GT sedan and Baojun 560 SUV. This has helped us manage the current challenges facing the Chinese vehicle market,” said GM Executive Vice President and GM China President Matt Tsien. “These products are expected to support sales momentum for the balance of the year.”
Retail sales for GM’s SUVs were up 98% year-over-year thanks to the Buick Envision and Baojun 560, and the Baojun 730 led MPV sales to a 4.5% year-over-year gain.
Buick has accounted for more than a quarter of all GM sales in China thus far with 504,845 units sold, up 4.8% year-over-year. Cadillac sales are up 12.1% with a record 44,060 vehicles sold through seven months, but Chevrolet sales are down 3.1% at 353,007 units. Baojun sales are up 323% with 187,121 units sold, and Wuling sales are down 7% with 856,711 units.
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