General Motors vehicle sales in China dropped 5.3 percent between April and June from the corresponding period last year, underperforming the industry average amid a recovery from the coronavirus fallout on the world’s biggest auto market.
Photo: (AP Photo/Matt Rourke, File)
General Motors vehicle sales in China dropped 5.3 percent between April and June from the corresponding period last year, underperforming the industry average amid a recovery from the coronavirus fallout on the world’s biggest auto market. Photo: (AP Photo/Matt Rourke, File)

GM's China sales drop 5% in second quarter, underperforms industry recovery

By Yilei Sun and Brenda Goh Time of article published Jul 3, 2020

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INTERNATIONAL - General Motors vehicle sales in China dropped 5.3 percent between April and June from the corresponding period last year, underperforming the industry average amid a recovery from the coronavirus fallout on the world’s biggest auto market.

China’s overall figure, which includes passenger and commercial vehicles, rose 4.4 percent in April and 14.5 percent in May, said the China Association of Automobile Manufacturers (CAAM), adding that it expected auto sales to grow 11 percent in June.

GM, China’s second-biggest foreign automaker after Volkswagen AG, delivered 713,600 vehicles in the country in the second quarter, the company said in a statement, after reporting a drop of 43 percent in sales in the first quarter, due to the pandemic.

GM has a Shanghai-based joint venture in China with SAIC Motor Corp which makes Buick, Chevrolet and Cadillac vehicles. It has another venture, SGMW, with SAIC and Guangxi Automobile Group that produces no-frills minivans and has started making higher-end cars.

General Motors vehicle sales in China dropped 5.3 percent between April and June from the corresponding period last year, underperforming the industry average amid a recovery from the coronavirus fallout on the world’s biggest auto market. Photo: (AP Photo/Matt Rourke, File)


Sales of GM’s mass-market brand Buick rose 7.8 percent while Chevrolet dropped 27.7 percent for the latest quarter. Sales of premium brand Cadillac fell 12 percent, the company said in a statement on Friday.

Sales of the no-frills brand Wuling grew 9.7 percent, but those of Baojun tumbled 30.7 perecnt.

REUTERS 

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