American automotive giant General Motors (GM), with its partnership ventures in China, just delivered some good news recently with its robust sales in October. The company just posted its best-ever October in China with sales better than last year.
General Motors delivered a record performance in China by selling 325,733 vehicles in October, up 5.7 percent from the same period last year. Mainstream brands like the Buick, Chevrolet and Cadillac were the top performers. It was the best ever October in a country of one and a quarter billion, Guru Focus said.
Overall, GM and its joint ventures made over three million deliveries as sales remained strong across many segments. Its local subsidiary brands Baojun and Wuling were also reported to have strong performances in the highly competitive marketplace, according to Yahoo Finance.
China is General Motors' biggest market and year-to-date sales figures stand at 3,064,048 units in an increase of 8.6 percent backed by strong October results. GM remains bullish on China as October marked the third month of consecutive growth for the company. The Cruze models and the Cavalier, which was launched in September, proved to be the most popular, with 11,000 units sold just a month after its release.
The crossover vehicle XT5 undoubtedly proved to be the bestseller, as sales tallied well over 4,700 units along with the ATS-I and the XTS which surged 70 percent in just a month. Buick sales also increased 3.4 percent and the company plans to continue its sales momentum by launching the new-generation GL8 Luxury MPV this week.
Local subsidiary Baojun also enjoyed strong sales with deliveries of 67, 169 units, up 30 percent year over year. The Baojun 730 MPV had the strongest demand while the Baojun hatchback surpassed 11,000 units sold.
While General Motors is coping with pressures from China's domestic auto players, it continues to make its presence felt in the world's largest car market with its very impressive sales performance.
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