General Motors’ China sales in August
In August 2017, General Motor’s (GM) total Chinese retail vehicle sales stood at ~328,000 vehicle units, or 11.9% higher than its sales of in the corresponding month of 2016. By comparison, Ford Motor’s (F) August sales figures topped out at just under 98,000 units.
GM’s Chinese market retail sales have risen ~0.3% YoY (year-over-year) to 2.4 million vehicle units in 2017 so far.
In July 2017, General Motors’ total Chinese retail sales rose ~6.3% YoY to ~288,000 units.
Comparison with GM’s US sales
According to the 2016 sales volumes, GM was the third-largest automaker (FXD) in the world. That year, Volkswagen (VLKAY) and Toyota Motor (TM) were ahead of GM in terms of global sales. In August 2017, GM’s US market sales rose 7.5% YoY to ~276,000 vehicle units.
A notable increase in retail sales and higher fleet vehicle deliveries drove GM’s total US sales higher in August, and the company’s solid August sales in both US and China could rebuild investors’ confidence on Wall Street.
Continue to the next part for a look at GM’s brand-wise Chinese market retail sales in August 2017.