General Motors’ China sales drop for third year due to coronavirus

by SpeedLux
General Motors

General Motors vehicle sales in China dropped 6.2% in 2020, as the U.S. automaker suffered a prolonged sales decline in the world’s biggest auto market due to the coronavirus crisis.

GM, China’s second-biggest foreign automaker, made deliveries of 2.9 million vehicles in the country in 2020, the automaker said on Wednesday, for a third straight drop in annual sales.

But sales have been recovering in the second half of last year, increasing 12% between July and September and 14% in the final three months.

GM has a Shanghai-based joint venture with SAIC Motor, in which the Buick, Chevrolet, and Cadillac vehicle brands are made. It also has another Liuzhou-based venture, with SAIC and Guangxi Automobile Group, in which they make no-frills minivans and have started to make luxury cars.

Sales of its Buick brand increased 4% on the year and Wuling increased 9%, the statement said. Luxury brand Cadillac’s sales boosted by 8%.

Sales of GM’s more affordable Baojun brand declined 33% last year, while sales of its mass-market Chevrolet dropped 30%.

The automaker had delivered 3.09 million vehicles in China in 2019 and 3.65 million vehicles in 2018.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More