Regardless of concerns that China’s economy is growing at a slower speed and in 2015’s volatility in China’s stock markets, need stays strong, especially in the so-called second-tier cities with populations of less than 5 million.
Automakers are seeing strong sales of SUVs. General Motors’ published a 7.5 percent sales increase in April over a year earlier for its China joint ventures, while Ford’s sales decreased 11 per cent last month in the world’s largest car market.
General Motor’s biggest brand name in China, increased 56 percent from April 2015 to 98,992, led by the Excelle GT sedan and Envision SUV, which is going to introduced in the United States this summer.
Cadillac, which is still fairly brand-new in China, posted a 13 percent sales increase to 7,007, as it introduced the new CT6 fullsize sedan in late January.
Chevrolet sales in China dropped 29 per cent to 35,431. Sales of the Baojun brand name increased 56 percent to 37,915, while Wuling sales dropped 14 per cent to 98,580, as need softened for little commercial vans.
Ford sold an overall of 82,324 cars through its Changan Ford and Jiangling Motors joint ventures, together with cars imported from other markets, compared with 92,406 in April 2015.
Ford’s SUVs remains to sell well in China, consisting of the Ford Ecosport, Kuga, Edge, Explorer and Everest. Ford introduced the brand-new Kuga and the Edge V6 at the current Beijing Automobile Expo.
Regardless of the decline in April sales, sales for the very first four months of 2016 of Ford’s joint ventures and imports in China are 6.7 percent higher compared to 2015.