GM November sales volume increases 14% in China, SUV rising 2.3 times

Gasgoo.com (Shanghai Dec 7) According to data published by GM, its sales in China increases with a two-digit percentage in November, with SUV’s sales doubling, among which Buick Envision and Baojun 560 are the hottest models. New Small Family Cars Verano and Excelle achieve a relatively large sales increase compared with last month and the same period in the last year respectively.

In November 2015, GM and its joint ventures achieve a wholesales volume of 346,671 units in China, increasing 14% with the same period in the last year, recording a historical high. It’s the second two-digit increase in China since October. The total sales volume of GM and its joint ventures in China has increased 4.1% to 3,166,791, recording a historical high. The total sales volume is expected to exceed 3.5 million units.

Mr. MattTsien, Vice President of GM and President of GM China once said:” The market is turning around in the past two months. With successive launching of Chevrolet Lova RV, Verano GS and other new models, GM has fully prepared for the strong growth at the end of year.”

Foreign companies have encountered a cold current in China since 2015, falling into a price-reduction craze, which is closely related to the slowdown of macroeconomic growth and the disadvantages of foreign brands in controlling SUV sub-markets compared with self-owned brands. GM is not an exception. However, with the issuing of the new policy of halving purchasing tax for passenger cars with displacement less than 1.6L in October, automobile companies including GM is embracing a new opportunity.

GM is expanding fast in SUV market. Buick Envision and Baojun 560 drive its sales of SUV models to increase 231% in November compared with the same period in last year, with SUV products accounting 19% of total sales units in November, compared with 6.5% of November in last year.

Buick, Cadillac and Baojun also set new records of single month sales units in China. Buick has the largest sales volume among all brands, with sales volume increasing 45% in China, reaching 107,925 units. Buick Excelle sales increases more than two times compared with the same period of last year, and Verano sales increases 60% to 9,619 units compared with October 2015. Verano GS, which has been launched in November, is joining Verano and Excelle to consolidate GM’s Small Family Car product line in China.

Baojun has the fastest growth in sales, increasing 110% to 58,051 units with the same period of last year. AT models of Baojun 560 equipped with 1.5T engine, Baojun 730 and other relevant products will be launched next year.

Cadillac Luxury Vehicle models have a sales volume of 7,935 units in November, increasing 57% compared with the same period of last year and winning a two-digit growth for consecutive seven months. ATS-L has a sales growth of 182%. The new model Cadillac ATS-L28T Vogue equipped with 8 Speed Tiptronic has been launched on 26 December.

Influenced by updated products, sales volume of Chevrolet in November decreases 11% to 51,192 units. Urban SUV Lova RV was officially launched and the new Flagship generation Malibu XL made its Asian debut on the Guangzhou Auto Show last month.

Influenced by the continuous recession on the mini-commercial vehicle market, SGMV’s sales volume decreases 10% to 1221,451 units in November.