GM China: We Are Up!

The Chinese car market isn't dead yet. China had delivered a few lackluster months and was promptly feted by the I-told-you-so crowd as the 21st century version of the limits of growth. Suddenly, the Chinese car market shows surprising signs of resilience. Sales data for March are not here yet, but TTAC's patent-pending Chinese sales oracle has spoken: GM China. General Motors and its joint ventures in China sold 257,944 vehicles in March, and 745,152 vehicles in the first quarter of 2012, a statement by GM says. For March, this is an increase of 10.7 percent compared to the same month in 2011. In the first quarter, GM's sales in its largest market increased 8.7 percent. In March, Shanghai GM's domestic sales increased 10.5 percent on an annual basis to 110,038 units. SAIC-GM-Wuling's sales in China increased 11.6 percent year on year to 139,768 units. This is a very good sign after weakness in the commercial sector gave cause for concern. In the past, sales of GM China have been a good indicator for the Chinese market overall. If you expect the Chinese market to tank, then GM's numbers will disappoint you. from The Truth About Cars http://www.thetruthaboutcars.com

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