Despite registering a 2.3% year-on-year fall in sales, General Motors and its Chinese partners have sold a record number of small-engine cars in China.
In 2016, General Motors and its joint venture partners have sold 3.87 million vehicles in China, up by 7.1% from its previous year figure.
This cements General Motor’s top position in the Chinese mainland for the fifth consecutive year.
The strong rise in sales comes despite a 2.3% year-on-year fall in General Motor’s sales in China.
According to a General Motor’s spokeswoman, the company has sold 434,799 vehicles in China.
She did not elaborate on the reason for the year-on-year decline on the sale of GM’s vehicles.
According to the available sales data, GM’s budget Baojun brand, which was developed for China with GM’s JV partner SAIC Motor Corp Ltd and Guangxi Automobile Group Co Ltd, was responsible for the 50% surge in vehicle sales, which helped drive growth.
On its part, GM has pledged to bring out new models in the fast growing SUV segment by 2020.
Buoyed by China’s strategic move to cut taxes on small-engine cars, automakers raked in stronger-than-expected sales in 2016 in China, the world’s largest automobile market.
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