GM Strong In China

GM had a better November in China than at home in America. Back home, sales rose only 3.3 percent to 186,505 units in November. In China, the world's and GM's largest market, GM sold a total of 260,018 units across all joint ventures, up 9.7 percent compared to November 2011. GM China November 2012 Nov '12 YoY 11 months YoY GM China 260,018 9.7% 2,593,642 10.4% Shanghai GM 136,444 20.6% 1,220,887 8.7% Buick 70,172 17.4% 593,153 Chevrolet 63,012 15.3% 627,411 Cadillac 3,260 8.4% 27,073 SAIC-GM-Wuling 118,536 -0.5% 1,318,473 12.5% Wuling 108,304 -0.5% 1,217,282 Baojun 10,232 70.0% ? FAW-GM 4,837 4.2% 50,345 1.0% Black: GM data. Blue: Calculated from historical GM data GM had a better November in China than at home in America. Back home, sales rose only 3.3 percent to 186,505 units in November. In China, the world's and GM's largest market, GM sold a total of 260,018 units across all joint ventures, up 9.7 percent compared to November 2011. January through November, GM booked 2.59 million units in China, up 10.4 percent. In 2011, GM sold 2.55 million units in the whole year, a number exceeded a month earlier this year. Passenger vehicles sold through Shanghai GM are up strongly. Sales of Buick, Chevrolet and Cadillac as a whole are up 20.6 percent. Sales of SAIC-GM-Wuling are weak. In the past, we used GM's China sales as a leading indicator for the Chinese market. With the dislocations caused by the partial boycott of Japanese brands, that indicator is rendered useless at the moment. It stands to reason that Shanghai GM sales profited some from Japan's misery in China. from The Truth About Cars http://www.thetruthaboutcars.com

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