GM Posts Best Quarterly Sales in China

GM looks unstoppable in China, setting new quarterly sales record in the first three months of 2012. Its three local ventures, Shanghai GM, FAW GM, and SAIC-Wuling-GM, posted combined sales of 257,944 vehicles in March, 10.7% more than the same period a year earlier. In Q1, deliveries increased 8.7% to 745,152.

In March, the passenger car venture, Shanghai GM, sold 110,038 units, 10.5% more than a year ago. Sales of Buick models rose 3.7% to 57,082, including 24,134 Excelles (not including the GT and XT models) and 14,064 of Excelle GT and XT. Chevy delivered 54,716 units on a 11.1% growth, including 20,085 of Sail, 18,678 of Cruze, and 4,289 of Malibu. Chinese consumers bought 2,745 cars bearing the Cadillac brand, up 35.2%.

SAIC-Wuling-GM sold 130,251 Wuling brand microvans on a 9.9% increase, and 5,012 Baojun brand sedans.

FAW-GM Light Duty Commercial Vehicle reports 7,417 sales in March.