General Motors has achieved yet another milestone by selling its two millionth vehicle in the Chinese market this year. This is the fastest time in which GM has been able to achieve this milestone and only the third time in the company’s history. In 2010, GM was the first automobile manufacturer in the global market in China to achieve 2 million annual sales; in 2011 it achieved this milestone on 17th of October as compared to this year 21st of September.
This is a superb achievement for the GM brand as it has worked tirelessly in a slow market and achieved its goals. Strong demand by customers for passenger and commercial vehicles by GM has allowed the brand to do well in markets this year.
In the year 2011, GM was able to sell about 2.5 million units in China. This year, GM managed to sell about 1,837,546 vehicles in the first eight months thereby allowing for seamless growth to continue till the end of the year. This increase in sales amounts to about 11.2 percent as compared to last year. With this performance, GM continues to be the leader when it comes to sales achieved by global automakers.
For more information, scroll down.
Auto News Release
GM Sells 2-Millionth Vehicle in China in 2012
SHANGHAI – General Motors and its joint ventures sold their 2-millionth vehicle in China this year on Sept. 21, the earliest date in the calendar year they have reached the milestone and the third time in GM’s history in China.
On Nov. 4, 2010, GM became the first global automaker in China to reach 2 million annual sales. Last year, it achieved the milestone on Oct. 17.
“This is another important accomplishment for General Motors in the world’s largest vehicle market,” said Kevin Wale, president, GM China, and chief country operations officer, China, India and ASEAN. “Despite the temporary slowdown in sales growth in China, GM has continued to experience strong demand for our unequalled lineup of passenger and commercial vehicles.”
Earlier this month, SAIC-GM-Wuling, which builds and sells vehicles under the Wuling and Baojun brands, reached 1 million unit sales for 2012. Shanghai GM, which offers vehicles from the Buick, Chevrolet and Cadillac brands, is expected to soon hit 1 million unit sales for 2012.
In the first eight months of 2012, GM and its joint ventures in China sold 1,837,546 vehicles, an increase of 11.2 percent year on year and a record for the period.
General Motors traces its roots back to 1908. GM has 12 joint ventures, two wholly owned foreign enterprises and more than 35,000 employees in China. GM and its joint ventures offer the broadest lineup of vehicles and brands among automakers in China. Passenger cars and commercial vehicles are sold under the Baojun, Buick, Cadillac, Chevrolet, Jiefang, Opel and Wuling brands. In 2011, GM sold more than 2.5 million vehicles in China. It has been the sales leader among global automakers in the market for seven consecutive years. More information on General Motors in China can be found at GM Media Online.