Posts Tagged ‘auto sales down China’

GM, Ford Nissan All Take Sales Hits in China

Expectations low for industry’s August sales.

by on Sep.08, 2015

GM is hoping the Buick Envision will help its sales in China rebound in the second half of 2015.

Automakers are slogging through a tough auto market in China in 2015. General Motors, Ford and Nissan all posted losses in August on what is expected to be another down month overall.

GM was the most recent maker to take a hit, seeing sales drop 4.8% despite the introduction of a new SUV for its budget Baojun brand. Sport-ute sales have been hot in 2015, but GM’s new model wasn’t hot enough to offset losses in other areas.

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However, the maker’s sales through August were up slightly: 2.3%. The increase was driven by successful new product launches and an improved mix of SUVs and MPVs. (more…)

GM Sees China Sales Drop in July

Despite new products, sales fall for third straight month.

by on Aug.06, 2015

GM's sales in China were down 4% in July, but the debut of the new Buick Excelle is expected to bolster efforts for the second half of 2015.

Despite new product launches and an a product mix that includes more sport utility and multi-purpose vehicles, General Motors sales in China dropped by 4% in July.

It was the third consecutive monthly sales drop for GM and its joint ventures, which sold 229,175 vehicles across China. Sales were primarily impacted by model changeovers and the phasing out of older Chevrolet vehicles, GM officials said.

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“We have had a series of successful product launches over the past few months, including the all-new Buick Excelle GT sedan and Baojun 560 SUV. This has helped us manage the current challenges facing the Chinese vehicle market,” said GM Executive Vice President and GM China President Matt Tsien. “These products are expected to support sales momentum for the balance of the year.” (more…)