GM China sales fall 9.9% in 2018
Automotive News China
Automotive News | 2019-1-11
General Motors¡¯ deliveries in China fell 9.9 percent to 3.64 million in 2018 because of a weaker domestic economy.|
Every brand the Detroit automaker markets with local partner SAIC Motor Corp., aside from Cadillac, recorded a sharp decline in sales last year.
Cadillac¡¯s annual sales topped 200,000 behind a 17 percent gain from 2017, GM said.
Buick deliveries slumped 18 percent to roughly 1 million while Chevrolet sales dropped 4.4 percent to 523,395.
Last year, sales at the entry-level Baojun brand fell 16 percent to 839,612 while deliveries of the Wuling minibus brand declined 14 percent to around 1 million.
The sales tallies do not include vehicles that GM¡¯s two joint ventures, SAIC-GM and SAIC-GM-Wuling, sold outside of China last year.
With exports at SAIC-GM and SAIC-GM-Wuling included, the two partnerships delivered 4,041,668 vehicles in 2018, dipping 2.6 percent from 2017, according to numbers disclosed by SAIC, a Shanghai-listed company.
In 2016, GM started exporting the Buick Envision compact crossover and the Cadillac CT6 plug-in hybrid to the United States. For many years, the Detroit automaker have also shipped Chevrolet-badged Wuling minibuses to other emerging markets.
Entire contents © Crain Communications, Inc.
Use of editorial content without permission is strictly prohibited. All Rights Reserved.