GM, Ford sales increase sharply in China as country turns away from Japanese brands
Meanwhile, sales of General Motors cars and minivans in its largest market grew 14 percent in October, to 251,812. Ford moved 60,518 units in China, representing a 48-percent increase in sales compared to the same month a year ago.
Meanwhile, Toyota, Honda and Nissan sales have all taken nosedives. Toyota reported that its sales fell 44 percent last month, following a 49-percent drop in September. The latter two companies both announced their worst month-to-month decline in sales, dating back to 2007 for Honda and 2008 for Nissan.
Still yet to be announced are Volkswagen sales in China. The German automaker has been battling GM for the top sales spot in China this year, and it outsold GM last quarter for the first time in eight years. When we last checked in on the two companies, GM had a slight year-to-date lead of 77,000 units.
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