Autoblog http://www.autoblog.com Autoblog http://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gif Autoblog http://www.autoblog.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[REPORT: China passes U.S. in auto sales]]>http://www.autoblog.com/2009/07/09/report-china-passes-u-s-in-auto-sales/http://www.autoblog.com/2009/07/09/report-china-passes-u-s-in-auto-sales/http://www.autoblog.com/2009/07/09/report-china-passes-u-s-in-auto-sales/#commentsFiled under: , , ,



Most of the world has been knee deep in a wicked recession for quite a while, and auto sales have been hit especially hard. Here in the U.S., the numbers have been abysmal, as the first half of the year saw only 4.8 million sales through June. China, on the other hand, is running away with the overall sales lead, as the emerging emerged market has added 6.1 million cars and trucks to its still developing roadways. According to The Associated Press, June sales were up 36% over the same period in 2008, and they're up 17% on the year.

The big winner in the market so far this year appears to be General Motors. The struggling Detroit, MI-based automaker has seen its China sales jump by 38% this year; while its U.S. sales have tanked. Industry analysts are predicting that the overall market for passenger cars in China will be between 10 and 11 million units.

Most experts weren't expecting China to pass the U.S. in overall sales for another decade, but the crumbling American auto industry has expedited the power shift, at least for the short term. With 1.3 billion people and a healthy economy, this day was destined to come.

[Source: The Associated Press via Google]

REPORT: China passes U.S. in auto sales originally appeared on Autoblog on Thu, 09 Jul 2009 16:57:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>auto salesAutoSalescar salesCarSaleschinachina car saleschina salesChinaCarSalesChinaSaleschinesechinese car salesChineseCarSalesus salesUsSalesThu, 09 Jul 2009 16:57:00 EST<![CDATA[GM looking to double sales in China by 2013?]]>http://www.autoblog.com/2009/04/13/gm-reportedly-looking-to-double-sales-in-china-by-2013/http://www.autoblog.com/2009/04/13/gm-reportedly-looking-to-double-sales-in-china-by-2013/http://www.autoblog.com/2009/04/13/gm-reportedly-looking-to-double-sales-in-china-by-2013/#commentsFiled under: , ,


General Motors sold 1.09 million vehicles in China in 2008, and the automaker wants to nearly double that figure to two million by 2013. A GM spokeswoman in China said they'll do that by introducing thirty -- that's right, 30 - "new or upgraded models" over the next five years. The company's March sales were up in China, along with everyone else's, thanks to China's new car buying incentive. With Q1 sales at 363,701 units, that would put GM on course for nearly 1.5 million cars sold in 2009.

In the short term, the sales targets rely on the global economy not getting any worse, and the Chinese government artificially propping up sales. Over the long term, GM must be hoping that by the time the economy turns around it will still be a strong enough to take advantage of its dominant position, its eight Chinese joint ventures and China-specific development, and the allure of those 30 new and revised models. If it can't, then Volkswagen looks to be the wolf in the shadows, having also pledged to double its sales to two million units by 2018.

[Source: Reuters]

GM looking to double sales in China by 2013? originally appeared on Autoblog on Mon, 13 Apr 2009 16:29:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>chinachina salesChinaSalesearningsfinancialsgeneral motorsGeneralMotorsgmgm chinagm salesGmChinaGmSalesMon, 13 Apr 2009 16:29:00 EST<![CDATA[General Motors China sales continue rapid growth, up 25% in 1st quarter]]>http://www.autoblog.com/2007/04/03/general-motors-china-sales-continue-rapid-growth-up-25-in-1st/http://www.autoblog.com/2007/04/03/general-motors-china-sales-continue-rapid-growth-up-25-in-1st/http://www.autoblog.com/2007/04/03/general-motors-china-sales-continue-rapid-growth-up-25-in-1st/#commentsFiled under:

General Motors has been on the upswing in their home market lately, at least compared to Ford and Chrysler, but its US performance pales compared to the automaker's action in China. General Motors China just released their first quarter sales figures and they are up twenty-five percent compared to 2006. For the second time in 2007, March sales cracked the 100,000 unit barrier.

GM's total market share in China now stands at 13.9%, 0.5% more than last year. Buick remains the dominant brand in the Chinese stable with 82,195 cars out the door and Cadillac also jumped 62% in the quarter to 1,797 cars, thanks in part to the new SLS long wheelbase derivative of the STS. The GM press release is after the jump.

[Source: General Motors]

Continue reading General Motors China sales continue rapid growth, up 25% in 1st quarter

General Motors China sales continue rapid growth, up 25% in 1st quarter originally appeared on Autoblog on Tue, 03 Apr 2007 15:05:00 EST. Please see our terms for use of feeds.

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