{"id":62624,"date":"2013-07-08T11:51:46","date_gmt":"2013-07-08T15:51:46","guid":{"rendered":"http:\/\/www.thedetroitbureau.com\/?p=62624"},"modified":"2013-07-08T11:51:46","modified_gmt":"2013-07-08T15:51:46","slug":"china-now-gms-biggest-market","status":"publish","type":"post","link":"https:\/\/thedetroitbureau.com\/2013\/07\/china-now-gms-biggest-market\/","title":{"rendered":"China Now GM\u2019s Biggest Market"},"content":{"rendered":"
\"\"<\/a>
GM unveiled its Buick Riviera Concept during the recent Shanghai Auto Show.<\/figcaption><\/figure>\n

Despite signs of a slowdown in the Chinese economy General Motors posted record sales in China — where GM sales now have surpassed the total number of vehicles the company is selling in its home market, the United States.<\/p>\n

GM and its Chinese joint venture partners saw sales surge by 10.6% during the first half of 2013, to nearly 1.6 million, an all-time record that positions it as the booming Asian nation\u2019s second-largest automotive manufacturer. By comparison, it sold just over 1.4 million vehicles in the U.S. during the same time period.<\/p>\n

GM isn\u2019t the only American maker outpacing the growth of the overall Chinese market.\u00a0 Rival Ford Motor Co. set its own record for the first half of the year, sales in China surging 47%, with demand up 44% in June.<\/p>\n

\"\"<\/a>
Your Automotive Source!<\/figcaption><\/figure>\n

While several makers have yet to report their final numbers, it appears the two American makers significantly outperformed the overall Chinese market, passenger car sales for the first half expected to be up 14%, with June growth a more modest 10% year-over-year, according to domestic industry sources.<\/p>\n

<\/p>\n

\"\"<\/a>
Ford CEO Alan Mulally during a trip to China.<\/figcaption><\/figure>\n

\u201cWe have seen strong vehicle demand across China, particularly in the midsize, upper-medium, luxury and SUV segments,\u201d said Bob Socia, President of GM China, who also noted that demand during June was also up 10.6 percent from last year\u2019s previous high of 236,207 units.<\/p>\n

Socia forecasts Chinese demand for GM\u2019s passenger cars and commercial vehicles will \u201cremain robust through the end of the year,\u201d which suggests the market will remain the maker\u2019s largest for the foreseeable future despite the ongoing revival of the American automotive market.<\/p>\n

And that emphasizes the dramatic transition that was already underway even before GM\u2019s transformational bankruptcy in 2009.\u00a0 Today, nearly three of every four vehicles the maker produces are being sold outside the United States, according to GM data.<\/p>\n

Ford has also been rapidly growing its foreign sales, but it lags well behind GM in the key Chinese market. The second-largest U.S. maker got off to a significantly later start in China and is playing an admitted game of catch-up, Ford CEO Alan Mulally only last month sweeping through China to announce several critical new projects, including a new $500 million engine plant in Chongqing and a major expansion of its Xiaolan assembly plant.<\/p>\n

(Ford sees opportunity to export vehicles from China. <\/em>Click Here<\/span><\/a> for the story.)<\/em><\/strong><\/p>\n

For the first half of the year, Ford sold 407,721 vehicles in China, with demand reaching 75,254 during June alone \u2013 both records.<\/p>\n

GM, on the other hand, posted a 10.6% gain from last year\u2019s previous record for the period to 1,567,392 vehicles. That was 10% better than the 1,420,346 vehicles GM sold in the U.S. during the first half of 2013.<\/p>\n

The gap is likely to grow.\u00a0 GM has set a target of delivering more than 5 million vehicles annually in China before decade\u2019s end.\u00a0 Even if the U.S. were to reach prior peaks of just over 17 million, GM would have to achieve a massive increase in its current market share to even approach 3.5 million sales in the home market, several analysts noted.<\/p>\n

(Can Volvo’s new Chinese owners save the Swedish maker? <\/em>Click Here<\/span><\/a> for that report.)<\/em><\/strong><\/p>\n

GM China President Socia said the big Shanghai GM and SAIC-GM-Wuling joint ventures, as well as five of the GM brands offered in China, all had record domestic sales in the first six months of 2013.<\/p>\n

Buick sales in the domestic market increased 16.9% from the first half of 2012 to 401,327 units, led by record demand for several models, including the original Excelle family, Excelle XT and GT, Regal and Encore.\u00a0 Buick sales in China surpassed those in the U.S. by a margin of 4 to 1 \u2013 even though Buick sales in the U.S. increased by 11.8% 100,837 units, according to GM figures.<\/p>\n

GM has 12 joint ventures, two wholly owned foreign enterprises and more than 55,000 employees in China. Passenger cars and commercial vehicles are sold under the Baojun, Buick, Cadillac, Chevrolet, Jiefang, Opel and Wuling brands. In 2012, GM sold more than 2.8 million vehicles in China.<\/p>\n

Paul A. Eisenstein contributed to this report.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Despite a slowdown in the economy General Motors posted record sales in China during the 1st half of 2013. In fact, GM sales in CHina now have surpassed demand in its home market, the U.S. Meanwhile, TheDetroitBureau.com reports Ford also had record sales in the booming Asian market.<\/p>\n","protected":false},"author":20009,"featured_media":60382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[8],"tags":[],"make":[],"post-state":[],"category_old":[151],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/62624"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/20009"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=62624"}],"version-history":[{"count":0,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/62624\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/60382"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=62624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=62624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=62624"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=62624"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=62624"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=62624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}