The Unthinkable Happens: TTAC Salutes GM, Three Times

Already pronounced shot by a bursting bubble, the Chinese new car market most likely will be up when the May numbers will be announced later in the month. How do we know? By looking at GM's China May sales results that were announced today. When we do that, we will do something that TTAC allegedly is incapable of: We will salute and applaud GM. Three times. General Motors and its joint ventures sold 231,183 vehicles in China in May, up 21.3 percent from the same month in 2011. Shanghai GM's domestic sales rose 7.1 percent. SAIC-GM-Wuling sold 127,749 vehicles in China, up a surprising 35.9 percent year on year. Congratulations, GM. Congratulations especially for the huge gain at Wuling, which looked anemic for many months. And a big congratulation goes out to GM for not trying to spin the numbers when they are down, as GM was wont to do in the past. Says a GM press release: "FAW-GM sold 3,756 vehicles in the domestic market last month, down 0.7 percent from last May." "Buick sales totaled 51,360 units in May, down 1.2 percent from the same month last year." "Cadillac sales were down 2.2 percent on an annual basis to 2,205 units." For the first five months of 2012 GM China sold 1,203,552 vehicles in China, an increase of 11.5 percent year on year. This is even more respectable when you consider that the Chinese car market as a whole was down 1.3 percent for the January-April period. With these results, there is no need to be ashamed of a few Buicks less.   from The Truth About Cars http://www.thetruthaboutcars.com

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