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GM: Record Sales in ChinaThursday, July 02, 2009 Bankrupt American manufacturer announced today sales figures for the first six months in China and, no surprise there, figures show a new record: 38 percent up compared to the same period of 2008. In all, GM China and its joint ventures sold 814,442 vehicles in the first half of the year.
China's vehicle market continued to outpace most expectations for growth. The market benefited from stimulus policies adopted by the Chinese government as well as growing demand for personal transportation in tier-three and tier-four cities and rural areas," Kevin Wale, GM China president said in a release.
The front line of GM's Chinese assault was occupied by Buick, whose sales leaped 34 percent in the first half, on an annual basis of 195,989 units. Sales of the Excelle lower-medium sedan stood at 115,877 units, while the sales of the New Regal continued to build since its introduction in December, now reaching 35,729 units. And now the LaCrosse is coming...
"With the all-new Buick LaCrosse premium sedan, Cadillac Escalade Hybrid, Buick New Regal 2.0 Turbo sedan and a number of other new products on the way, we expect GM China and our joint ventures to remain an engine for industry growth," Wale added.
The other GM brands made their part too, as SAIC-GM-Wuling's Chevrolet Spark mini-car sales more than doubled (60 percent up), reaching to 32,065 units. In all, the joint venture registered a 49.9 increase, to 524,598 units.
"For the first time ever, GM and our joint ventures exceeded domestic sales of 100,000 vehicles in each of the first six months of the year. We continued to enjoy strong demand for many of our existing products and new models," concluded GM China's president.
[Via: autoevolution]
Recent Auto Manufacturers News- Audi: Sales Up 69% In India, In August 2009 9/2/2009
Audi has reported a 69.31% hike in its sales in India during August this year, at 171 units, as against 101 units in the year-ago period.
- Fiat India May Hike Car Prices 8/29/2009
Fiat India is considering raising prices of its cars as the margins are under pressure. Fiat expects to sell in excess of 27,000 units this year on the back of newly launched cars, the Grande Punto and Linea. Fiat will start exporting the Linea to South Africa from September. The company had announced Rs 4,000 crore investment in India operations.
[Via: motorbeam]
- Hyundai Introduces Updated Santro 9/2/2009
Hyundai Motor India Ltd., the country's largest exporter and the second largest car manufacturer today introduced the new model of its flagship brand Santro. The new Santro has been designed with luxurious interiors and improved exterior features to further enhance its appeal to the customers.
- Hyundai's Domestic Sales Up 12.9% In August 2009 9/2/2009
Hyundai Motor India Ltd. (HMIL) has reported a 12.9% increase in sales in the domestic market during August this year, at 24,401 units, as against 21,610 units in August 2008. Exports went up from 23,100 units in August 2008, to 25,120 units during August this year.
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