General Motors posts strong November sales in China

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General Motors and its joint ventures sold 346,671 vehicles in China last month, a 14 percent increase from a year earlier, and their best November sales ever. GM, through its joint ventures, sold more vehicles in China than in any other country in November. By comparison, last week the automaker reported that it delivered 229,296 cars and light trucks in the US. In November, GM’s SUV sales surged 231 percent on an annual basis, led by the Buick Envision and Baojun 560. The fast-growing SUV segment accounted for 19 percent of company’s sales in China last month, compared with 6.5 percent a year earlier. “The market has been improving in the past two months,” said GM Executive Vice President and GM China President Matt Tsien. “We are well positioned to achieve a strong finish to the year backed by newly launched models, including the Chevrolet LOVA RV, Buick Verano Hatchback and Buick Verano GS.” It was the second consecutive month of stronger sales after a decline through much of 2015 compared with a year ago. Buick sales rose 45 percent year on year to 107,925 units, with the demand for the Excelle GT more than doubled last month from a year earlier. Meanwhile, Verano sales surpassed 9,000 units, increasing 60 percent from the previous month. Cadillac luxury car deliveries increased 57 percent from a year earlier to 7,935 units, making November the seventh consecutive month of double-digit sales growth. Baojun sales last month jumped 110 percent on an annual basis to 58,051 units. However, Chevrolet sales declined 11 percent year on year to 51,192 units in November, mainly due to the ongoing model changeover.