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GM Sales in China Drop 18% in Third Quarter

General Motors Co. reports it sold 689,500 cars and light trucks in China in July-September, down 18% from the same period in 2018.
#MINI #asia #Buick

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General Motors Co. reports it sold 689,500 cars and light trucks in China in July-September, down 18% from the same period in 2018.

The decline marked the fifth consecutive drop in GM China’s monthly year-on-year deliveries in a shrinking overall market. The company’s full-year sales retreated 10% to 3.64 million vehicles in 2018.

Third-quarter sales this year rose 11% to 51,000 vehicles for the Cadillac luxury brand. But demand dropped for Buick (-21% to 199,700 units), Baojun (-35% to 122,900) and Chevrolet (-18% to 96,800).

GM’s Wuling light commercial vehicle venture saw third-quarter sales decline 5% to 219,100 mini-trucks.

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