SAIC-GM's sales dip for 2nd consecutive month
Automotive News China
Automotive News | 2018-8-7
SAIC-General Motors' sales declined for the second month in a row, dropping 5.3 percent year on year to 135,448 vehicles in July. |
SAIC-GM, GMĄ¯s joint venture with SAIC Motor Corp., produces and markets Cadillac, Buick and Chevrolet vehicles.
Through July, SAIC-GMĄ¯s deliveries rose 8.2 percent from a year earlier to approach 1.1 million, SAIC reported.
Last month, SAIC-GM-Wuling delivered 130,219 vehicles, virtually unchanged from the same month last year.
SAIC-GM-Wuling, GMĄ¯s light-vehicle partnership with SAIC, builds and distributes light vehicles for the Baojun entry car brand and the Wuling minibus marque.
Through July, SAIC-GM-WulingĄ¯s sales increased 3.4 percent year on year to nearly 1.2 million vehicles.
GM stopped releasing monthly sales for China in April and now only releases results quarterly.
SAIC-GM is to launch sales of the locally assembled Cadillac XT4 compact crossover at the end of August.
It is part of GMĄ¯s plan to introduce 15 new and redesigned vehicles in China this year.
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