November 2017 China auto sales
In the previous part of this series, we saw that Ford Motor Company (F) had reported weak Chinese market sales in November. This was the fifth month in a row that Ford’s China sales continued to showcase weakness. While consistent demand for Lincoln continued to drive its Chinese sales higher, its dismal Changan Ford brand sales disappointed last month. Now, let’s explore how General Motors’ (GM) China market sales were in November 2017.
General Motors’ China sales in November
In November 2017, GM’s total Chinese retail vehicle sales stood at 418,225 vehicle units, about 12.5% higher than its sales in November 2016. GM’s November sales in China were much higher than Ford’s (F) sales figures of just 117,593 units for the month.
In October, General Motors’ total China retail sales also rose by about 10.7% YoY to 382,723 units. GM’s China market retail sales have gone up by about 3.3% YoY (year-over-year) to 3.55 million vehicle units in the first 11 months of 2017.
GM’s US sales versus China sales
GM’s US market sales went down by 2.9% YoY to 245,387 vehicle units in November 2017. Despite nearly flat US retail sales, a sharp drop in the company’s fleet sales drove its total US sales lower in November. In contrast, GM managed to post record high November sales in China, which could keep optimism alive among investors.
Read on to the next part where we’ll take a look at GM’s brand-wise sales in the Chinese market in November 2017.