GM had a better November in China than at home in America. Back home, sales rose only 3.3 percent to 186,505 units in November. In China, the world’s and GM’s largest market, GM sold a total of 260,018 units across all joint ventures, up 9.7 percent compared to November 2011.
| GM China November 2012 | ||||
| Nov ’12 | YoY | 11 months | YoY | |
| GM China | 260,018 | 9.7% | 2,593,642 | 10.4% |
| Shanghai GM | 136,444 | 20.6% | 1,220,887 | 8.7% |
| Buick | 70,172 | 17.4% | 593,153 | |
| Chevrolet | 63,012 | 15.3% | 627,411 | |
| Cadillac | 3,260 | 8.4% | 27,073 | |
| SAIC-GM-Wuling | 118,536 | -0.5% | 1,318,473 | 12.5% |
| Wuling | 108,304 | -0.5% | 1,217,282 | |
| Baojun | 10,232 | 70.0% | ? | |
| FAW-GM | 4,837 | 4.2% | 50,345 | 1.0% |
| Black: GM data. Blue: Calculated from historical GM data | ||||
GM had a better November in China than at home in America. Back home, sales rose only 3.3 percent to 186,505 units in November. In China, the world’s and GM’s largest market, GM sold a total of 260,018 units across all joint ventures, up 9.7 percent compared to November 2011.
January through November, GM booked 2.59 million units in China, up 10.4 percent. In 2011, GM sold 2.55 million units in the whole year, a number exceeded a month earlier this year. Passenger vehicles sold through Shanghai GM are up strongly. Sales of Buick, Chevrolet and Cadillac as a whole are up 20.6 percent. Sales of SAIC-GM-Wuling are weak. In the past, we used GM’s China sales as a leading indicator for the Chinese market. With the dislocations caused by the partial boycott of Japanese brands, that indicator is rendered useless at the moment. It stands to reason that Shanghai GM sales profited some from Japan’s misery in China.
Have the Nippon jin forgotten all those big ticketed investment in Middle Kingdom?
or simply already wrote it off?
still no signs of mitigating the situation.
can japan afford to exit MK’s vast market when everybody & their cousins trying to get close for a bit of the market?
Yes folks, the new, quintessentially American Malibu is selling about as badly in America as the quintessentially Chinese Baojun is selling in China.