GM deliveries fall 3.7% in first 2 months as Chevy volume drops
Home >> GM deliveries fall 3.7% in first 2 months as Chevy volume drops
General Motors' deliveries in China fell 3.7 percent to 666,713 cars and light trucks in the first two months as Chevrolet's weak performance outweighed Buick's strong results.
 
After modest gains in January, GM sales fell 9.3 percent to 245,690 year on year in February.
 
In February, Chevrolet deliveries plunged 48 percent year on year, Wuling sales declined 18 percent and Cadillac sales fell 16 percent. GM's other brands did better. Last month, Buick volume rose 16 percent, and Baojun deliveries jumped 52 percent.
 
In China, automakers' sales fluctuate due to the timing of the weeklong Lunar New Year. To compensate, industry executives typically analyze cumulative sales for the first two months.
 
Despite the introduction of Chevrolet's Malibu XL sedan late last month, GM's volume brand has been struggling. Demand for the Chevrolet Sail proved weak despite the government's decision last October to halve the purchase tax on small cars.

 

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