9.2GM China vehicle sales more than double in Aug

GM China vehicle sales more than double in Aug

 

http://autonews.gasgoo.com/auto-news/1012005/GM-China-vehicle-sales-more-tha
n-double-in-Aug.html

 

Shanghai, September 2 (Gasgoo.com) General Motors Co said today that its
China vehicles sales in August jumped 112.7% year on year (y/y) to 152,365
vehicles, paving the way for a more than 40% rise in sales for the full
year, Reuters reported.

 

>From January to August, the U.S. auto giant sold 1.11 million vehicles in
the Chinese market, up 49.6% from a year earlier. GM has been among the
major beneficiaries of the Chinese government's stimulus policies, with its
China vehicle sales hitting monthly records since January.

 

Shanghai GM, the U.S. automaker's passenger vehicle venture with SAIC Motor
Corp, sold 63,303 cars in August, up 99.6% y/y. Monthly sales of the
Chevrolet brand came to 23,771 units, up 99.4%, with Buick sales up 102.8%
to 38,905 units.

 

SAIC-GM-Wuling, a three-way commercial vehicle tie-up between GM, SAIC and
Liuzhou Wuling Automobile, sold 88,711 units in August, up 122.6% y/y.

 

China's auto market, which overtook the United States as the world's largest
in January, has been a leading bright spot in the struggling global auto
industry as government incentives spurred a pick-up in demand.

 

GM plans to roll out 30 new or revamped models in China over the next five
years, including 10 Buick and Chevrolet models by the end of 2010.

 

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