China car sales on track for record: GM

Written By Unknown on Kamis, 06 Desember 2012 | 21.29

US car giant General Motors (GM) says its full-year sales in China, the world's biggest auto market, will surpass last year's 2.55 million and set a new record.

In the first 11 months, sales of GM and its ventures in China surged 10.4 per cent from a year earlier to 2.59 million vehicles, more than the total for the whole of last year, GM said in a statement on Thursday.

For November alone, GM sold 260,018 vehicles in China, up 9.7 per cent from 2011.

China's overall auto sales growth slowed last year after the government scrapped purchasing incentives and limited car numbers to ease traffic congestion and cut pollution.

In 2011 sales rose just 2.5 per cent to 18.51 million units, compared with an increase of more than 32 per cent in 2010 but growth has recovered slightly this year.

Nonetheless foreign manufacturers have bucked the slowdown with stronger brand recognition and perceptions of better quality among domestic consumers, although Japanese brands have been hurt by a territorial dispute between Beijing and Tokyo.

GM said last week one of its Chinese joint ventures will invest 6.6 billion yuan ($A1.06 billion) in a new plant to meet growing demand for commercial vehicles.

The venture between GM and Chinese partners SAIC Motor and Wuling Motors aims to open the 400,000-vehicle-a-year plant in the southwestern metropolis of Chongqing in 2015.


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