General Motors on Wednesday stated sales increased in China in June after 2 successive months of decrease, and assured to rebuild momentum in the world’s biggest auto market with 10 brand-new or rejuvenated models in the 2nd half of this year.
The United States automaker, China’s second-largest foreign brand after Volkswagen, has sold 285,191 vehicles in June, 4.3 percent higher than in the same month in 2016.
For January to June, sales decreased 2.5 percent to approximately 1.8 million vehicles.
Total sales in China’s vehicle market rose by double-digits in 2016, assisted by a tax cut on vehicles with engines of 1.6 liters or below. However that strategy is now being phased out, resulting in weaker sales.
“We are pleased with the strong demand throughout our brands in June,” stated Matt Tsien, GM’s China chief. “Over the next 6 months, we will be launching 10 new and rejuvenated models to build on our momentum.”
The launches will bring an all-new Buick Regal sport sedan and a station wagon under the made-for-China budget brand Baojun.
Sales growth for Japanese competitors Toyota Motor and Honda Motor likewise increased in June.
Vehicle sales boosted 3.7 percent in the first 5 months of the year, below the 5 percent yearly growth projection by the China Association of Automobile Manufacturers.