GM Seeing Gains In China, Ford And Honda Sales Cool Off

GM Seeing Gains In China, Ford And Honda Sales Cool Off

General Motors was happy to report that their sales in China during November rose at its fastest pace all year, thanks to deliveries of Wuling light trucks and Buick Excelle sedans. Deliveries to dealers in China last month rose 20-percent (to 237,130) compared to a year ago.

After cutting prices on Wuling light trucks, sales of mini-commercial vehicles and sedans at SAIC-GM-Wuling Automobile Co. jumped 40-percent. GM now has their sight set on passing Toyota in global annual sales. While this was great news for GM, Ford and Honda are both reporting a decline in deliveries last month in China.

Ford’s sales in China fell 7-percent in November to 43,338 units with a 19-percent decline in deliveries at its joint commercial-vehicle venture. Honda on the other hand, sold 58,228 vehicles in China last month which is still 3.3-percent fewer than a year earlier. Overall deliveries decreased by 8.4-percent over the course of this year.

It’s worth noting that overall demand in China has decreased in 2011 compared to 2010, when auto sales surged 32-percent to 18.06 million vehicles. Still, GM is relying on the vastly large Chinese market to offset the continually shrinking European market.

[Source: Automotive News]