GM has China in its hands
- January 7, 2016
- Posted by: Alan Feldberg
- Category: Industry News
General Motors has announced that together with its joint ventures it sold a vehicle into the Chinese market every nine seconds during 2015.
GM’s total sales in the country amounted to 3,612,635 last year, an average of nearly 9,900 vehicles every day.
That represents an increase of 5.2 per cent on the previous high, set in 2014.
GM executive vice president and president of GM China, Matt Tsien, ‘We anticipate continued growth in 2016, as we plan to introduce 13 new and refreshed models.’
The company focused on MPVs, SUVs and luxury cars last year, with each segment posting significant growth.
MPV deliveries were up 12% from 2014, SUV deliveries spiked with a 144% increase while its Cadillac luxury brand set a record for domestic sales as demand increased 17% from 2014.
Sales were also boosted by 12 new and refreshed models introduced to the market, while GM grew its manufacturing presence as well.
SAIC-GM opened its new Wuhan Branch and SAIC-GM-Wuling started production at the second phase of its Baojun plant in Liuzhou.
In November a new engineering centre operated by the Pan Asia Technical Automotive Centre was opened in Shanghai.