GM China Posts Record Sales in 2009

Jan. 4, 2010
Increase of 67% from last year

General Motors said on Jan. 4 it had sold a record 1.83 million vehicles in China last year, and expressed optimism for even better results in the year to come.

The results marked a 66.9% sales jump year-on-year.

GM's market share was up 1.3 percentage points to an estimated 13%, thanks to strong sales of Buick, Chevrolet and Wuling vehicles. "Despite the sales records in 2009, it looks as if 2010 will be even stronger," GM China Group president Kevin Wale said.

"The industry outlook is strong and we expect more growth, albeit on a somewhat slower pace."

The Detroit auto giant noted China, whose car sales outstripped those of the United States for the first time in January 2009 to make the Asian giant the world's biggest auto market, would be important to drive GM's overall sales. "As China asserts itself as the world's largest vehicle market, our domestic operations will be counted on to deliver solid results," Wale said.

The country's auto sales for the first 11 months of the year reached 12.23 million units, according to the China Association of Automobile Manufacturers, boosted by Beijing's efforts to stimulate domestic consumption.

Sales by Shanghai GM, GM's car joint venture with China's largest auto maker SAIC Motor Corp, rose 63.3% from the previous year to 727,620 units in 2009.

SAIC-GM-Wuling, GM's commercial vehicle joint venture with SAIC and China's Liuzhou Wuling Automobile, sold 1.06 million vehicles last year, up 63.9%.

FAW-GM Light Duty Commercial Vehicle, a tie-up with China's FAW Group launched in August, sold 34,510 light trucks and vans in the four months until the end of December.

Copyright Agence France-Presse, 2010

Popular Sponsored Recommendations

What Does Agility Look Like for Today's Auto Industry?

Dec. 4, 2023
Without modern technologies, enterprises aren't able to fully analyze the risks and respond to ongoing supply chain issues and semiconductor shortages.

Electric Vehicles Spark New Opportunities in the Automotive Industry

Dec. 4, 2023
Automakers have increased plans to produce Electric Vehicles to meet customer demand for low emissions. With this radical shift, new opportunities and challenges for the auto ...

Goodridge Boosts Productivity & Saves Costs by Moving to the Cloud!

Dec. 4, 2023
With Infor's cloud solutions, Goodridge has been able to greatly increase overall productivity, cost savings, data visibility, and automation. This case study discusses the many...

The Ultimate Ecommerce Excellence Checklist

Oct. 2, 2023
Scaling ecommerce operations is no easy task when your business is moving fast. Assess your current ecommerce maturity level and set optimization priorities with this practical...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!