By on March 2, 2011

More and more journos wish China would become like America. As in America of 2008: Pop, crash, fizzle. The current meme is that the 18 plus million car sales can’t possibly go on and that the Chinese car market will ape America and will pop, crash and fizzle.

The problem is: The Chinese car market doesn’t seem to be able to read. It just doesn’t want to roll over. It had its big chance last month. China had been closed most of February in observance of the Chinese New Year. Most observers (including myself) had expected minus signs in front of the growth number for February.

First sales numbers are coming if for February, and there are good news and bad news.

The good news is that GM China set another sales record for February. GM and its Chinese joint ventures sold 184,498 vehicles in February, a number never seen before. The growth however amounts to only 5.8 percent.

Buick sales rose 45.9 percent to 40,250 units. Chevrolet sales in rose 5.7 percent to 42,358 units. Cadillac sales jumped 121.1 percent to 1,992 units.  Then why only 5.8 percent growth?

GM is now paying the price for adding Wuling minivehicles to their count. Wuling sold 101,133 of the tiny vans last month. GM doesn’t break out a percentage comparison with February of 2010, banking on lazy journos. Too bad, if someone is desperate for a downdraft in sales, here they could be found. Wuling sold  110,315  units in February 2010. We call that a decline of 8.3 percent. And with those vans for midgets making up more than half of GM’s Chinese volume, the decline hurts. But then, an increase of 5.8 percent is better than …

… a decrease 2.8 percent. This is how Toyota closed out their February in China. Sales are down to 44,100 vehicles, The Nikkei [sub] reports. Toyota’s explanation? The same I gave you above: According to Toyota spokesman Hitoshi Yokoyama, the decline in sales in February was partly the result of China’s Lunar New Year holiday, which fell at the start of the month.

Get the latest TTAC e-Newsletter!


No Comments on “China In February: GM Up A Little, Toyota Down A Little...”

Back to TopLeave a Reply

You must be logged in to post a comment.

Recent Comments

  • Giltibo: Latches nowadays are very complex, you wouldn’t believe it (more than 100 parts in some cases)....
  • Big Al from Oz: Yup, the engineers did as they were told, produce the cheapest piece of crap door latch. They knew...
  • Big Al from Oz: Lou, Boeing has cried poor previously, even when EADS (Airbus) won the contract for the AAR contract....
  • Big Al from Oz: 2+9=, Cheapness is he answer. Just have a look at the Chinese “military” grade interior...
  • MRF 95 T-Bird: The XK has a 50 plus year heritage behind it. When people mention Jaguar the first model they think of...

New Car Research

Get a Free Dealer Quote


  • Contributors

  • Matthew Guy, Canada
  • Ronnie Schreiber, United States
  • Bozi Tatarevic, United States
  • Chris Tonn, United States
  • Corey Lewis, United States
  • Mark Baruth, United States
  • Moderators

  • Adam Tonge, United States
  • Corey Lewis, United States