Shanghai-GM sales through the roof in August 2009
Published September 2, 2009
Whilst sales might be considered grim in the North American market, GMs China operations are celebrating double sales in August this year.
Shanghai GM posted a sales increase of 112.7% over August 2008 to 152,365 vehicles in August alone. From January to August 2009, Shanghai GM shifted 1.11 million cars from GM garage forecourts, with sales being up 40% over the same period the year earlier.
Shanghai GMs massive sales boost can largely be traced back to generous government tax cuts on small displacement engines that Shanghai GM have excelled at it in China by taking small cars from their portfolio and matching them upto their brands.
GMs massive sales in China were split over their two joint ventures with SAIC and the three way tie up with SAIC-GM-Wuling. SAIC-GM sold 63,303 cars, which brought sales up 99.6% over the same period last year, with Chevrolet leading the way with 23,771 car sales. Chevrolet was not the only slouch in the Shanghai-GM line up with Buick sales also sitting at 38,905 units, which showed an increase of 102.8% over the same period last year.
The SAIC-GM-Wuling three way joint venture had sales of 88,711 vehicles in August, sales being up 122.6%. The minivans produced by SAIC-GM-Wuling are small MPVs favoured by villagers and farmers, and their massive sales were due to the governments cars to the villages program in which the Central Government subsidised sales of small MPVs to farmers to encourage agricultural output and increase car sales at the same time.