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General Motors Posted Solid Chinese Sales Gains in December 2017

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Jan. 15 2018, Updated 7:36 a.m. ET

December 2017 Chinese auto sales

In the previous part of this series, we looked at how Ford Motor Company (F) continued to report weakness in its Chinese market sales last month. This was the sixth consecutive month in which Ford’s Chinese sales continued to fall.

While consistent demand for its Lincoln vehicle brand continued to drive its total Chinese sales higher, Ford’s dismal Changan brand sales disappointed in December 2017. Now let’s find out how the Chinese sales of the largest US auto company, General Motors (GM), shook out in December.

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General Motors’ Chinese sales in December

In December 2017, GM’s total Chinese retail vehicle sales were 492,000 vehicle units, ~13.1% higher than its sales in December 2016. In comparison, GM’s December sales in China were more than three times higher than Ford’s sales figure of just 140,000 units for the month. Note that GM’s Chinese sales figures also included the sales data of its joint ventures.

In November, General Motors’ total Chinese retail sales rose ~12.5% YoY (year-over-year) to 418,000 units. With this, GM’s Chinese market retail sales rose ~4.4% YoY to 4.0 million vehicle units in 2017.

US versus Chinese sales

GM was the third-largest automaker (IYK) in the world by 2016 sales volume. In terms of their global sales volumes, Volkswagen (VLKAY) and Toyota Motor (TM) were ahead of GM.

GM’s US market sales fell 3.3% YoY to 309,000 units in December 2017. Falls in the company’s retail and fleet sales drove its total US sales lower last month. In contrast, General Motors managed to post record high 2017 sales in China, which could keep optimism alive among investors.

Continue to the next article, where we’ll take a look at GM’s brand-wise sales in the Chinese market in December 2017.

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