GM China Sales Up 15.3% in September

Oct. 10, 2011
In the first nine months of the year, GM and its joint ventures sold a record 1.89 million vehicles in the world's biggest auto market, up 6.6% year-on-year, the company said.
General Motors said its sales in China jumped 15.3% in September from a year earlier to 240,244 units, despite government moves to phase out incentives for buyers. In the first nine months of the year, GM and its joint ventures sold a record 1.89 million vehicles in the world's biggest auto market, up 6.6% year-on-year, the company said. "GM has maintained our momentum in China, with all of our major brands setting new September sales marks," said GM China Group President Kevin Wale. GM said its September sales -- the second-highest for a single month -- puts the automaker on track to surpass 2 million units for the 10 months ending October and set a record for the entire year. China has been phasing out incentives such as tax breaks for small-engine vehicles, originally implemented to ward off the impact of the global financial crisis. Total sales in China are expected to grow 5% in 2011, lower than an earlier forecast of 10% to 15% and less than the 32% increase last year, according to the China Association of Automobile Manufacturers. For the January-August period, China's vehicle sales rose 3.3% to 11.98 million vehicles. Copyright Agence France-Presse, 2011 See Also:

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