By on November 7, 2011

In China, rumors of empty showrooms during the important Chinese October holidays made the rounds. It must have been different showrooms than GM’s. GM China announced a fresh October sales record of 220,412 units. October sales across all brands of GM China were up 10.4 percent.

The surprising part is that SAIC-GM-Wuling jumped 19.2 percent year on year to a new record for the month of 111,957 units. It was this joint venture that had dragged GM China’s numbers down in the previous months.

Shanghai GM’s sales rose 4.3 percent year on year to a new October high of 103,309 units.

During October, 2011 sales by GM in China surpassed 2 million, reaching 2,113,274 units.

General Motors wants to double its sales to 5 million vehicles per year in China by 2015, GM China chief Kevin Wale told Reuters today. Wale expects the Chinese passenger car market to grow about 10 percent this year, and the overall market to gain 3-5 percent.

The GM results bode well for the Chinese market. Let’s see what the official numbers say when they are announced by the CAAM.

Get the latest TTAC e-Newsletter!

Recommended

3 Comments on “GM China Surprises With Strong October Sales...”


  • avatar
    alluster

    No way GM will double sales to 5 Million units by 2015. GM’s competitors are not going to stand idly watching GM sell 5 million units. For the to happen, the Chinese auto market has to grow at least 80% in three years, so GM can outpace market growth by a bit and hit 100%. Highly unlikely.

    2.5 million more sales in 3 years means, 830,000 more units each year than the last one. However, if this projection holds true and GM hits the % million/Year mark in china, they would easily be selling north of 11 million units a year. GM is really not capable of building 11 million vehicles with their current employment levels/manpower. They only have around 209 K salaried and hourly workers compared to Toyota’s 318K and VW’s 399K.

  • avatar
    niky

    Are those Matizes (Matii, Matzies, whatever) I see on the line?


Back to TopLeave a Reply

You must be logged in to post a comment.

Recent Comments

  • TonyJZX: Yep. this is a home run. It has instant knockout styling. It does recycle a few cues but this is a good...
  • ToddAtlasF1: Why on earth do you think the Buick-Rover V8 is reliable? Head on over to a Land Rover forum and read...
  • Eyeflyistheeye: Great. It’s like Ferrari built a 328GTS using 2017 technology. No, I mean it. I am almost in...
  • Eyeflyistheeye: There is no DLO fail. This is an obvious homage to the 328, which completed its roofline with a black...
  • Tstag: The Defender has the uber reliable Buick V8 so I won’t worry about reliability. It’s also the best...

New Car Research

Get a Free Dealer Quote

Staff