Figures released by General Motors on Monday show sales of its three Chinese ventures–SGMW, FAW GM, and Shanghai GM–rose 11.7% in April from a year earlier to 227,217 units. However, Shanghai GM, the most profitable of the three ventures, saw a rare negative growth, as deliveries dropped 2.2% from April 2011 and over 10% from March 2012 to 94,101. SGMW sold 117,829 Wuling brand microvans, 22% more than a year earlier; FAW GM, 5,141.
The decline at Shanghai GM was mainly caused by slow demand for Chevy cars. While the popularity of Sail and Cruze continued to rise, sales of the whole Chevy lineup fell 6.2% on year and over 30% on month to 41,555. Buick saw a 1.7% increase from a year ago, delivering 54,013 units, thanks to the strong performance of Excelle (not including Excelle XT and GT); what must be worrying Shanghai GM is that both Regal and LaCrosse have been stuck in low gear, lagging far behind segment leaders such as VW Passat, Nissan Teana, and Honda Accord.
The company’s cross-town rival, Shanghai Volkswagen, sold over 110,000 units in April, 11% more than a year earlier.