Showing posts with label Baojun. Show all posts
Showing posts with label Baojun. Show all posts

Friday, 16 October 2015

!NEW! GM Sold 7.2 Million Vehicles in the First Nine Months of 2015


General Motors Co. (NYSE: GM) sold 7.2 million vehicles globally in the first nine months of 2015. The company posted sales increases in four of its five largest markets, with record sales in China and strong retail sales gains in the United States. Total sales were down 1 percent, due primarily to the company’s previously announced decisions to strategically reduce its presence in certain markets, as well as difficult market conditions in South America.

“Our unwavering focus on the customer is paying off in our largest and most important markets as we execute one successful launch after another in the right segments,” said GM President Dan Ammann. “At the same time, we have reacted quickly to challenging macroeconomic environments in other markets and have shown the discipline to exit situations where we see no long-term path to acceptable returns.”
Examples of GM’s recent success include:

  • GM truck sales in North America were up 16 percent in the first nine months of 2015, driven by a 17 percent increase in Chevrolet truck deliveries in the United States.
  • Chevrolet had record crossover sales in North America in the same period, up 17 percent year over year.
  • In China, crossovers like the Chevrolet Trax and Buick Envision represented more than 17 percent of sales by GM and its joint ventures in September, up from 6 percent a year ago.
  • Cadillac had record sales in China with deliveries rising 12 percent to nearly 57,000 units.

GM is preparing to launch even more new trucks and crossovers during the next several months, including the all-new Cadillac XT5, a redesigned Chevrolet Silverado and a diesel-powered Chevrolet Colorado for North America, and the Baojun 560 in China. Key car launches include the all-new Chevrolet Malibu and Cruze in North America and the all-new Opel Astra in Europe.

Additional Highlights (vs. 2014)

First Nine Months 
  • In the United States, Chevrolet has reported six consecutive months of retail sales and market share gains and has strategically reduced sales to rental companies by more than 50,000 units through September.
  • Opel / Vauxhall increased its European market share and grew sales in 19 countries, including Italy, Spain, France, the U.K. and Germany.
  • Buick had record deliveries in China, with sales up 4 percent to nearly 670,000 units.
  • Baojun had record sales, with deliveries rising 236 percent to more than 270,000 units.
  • GMC’s global sales increased 11 percent, and four of the brand’s SUVs and pickup trucks – the Yukon, Yukon XL, Sierra and Canyon – have the highest average transaction prices of any vehicles in their respective segments in the United States, according to J.D. Power PIN estimates.

Third Quarter
  • Among GM’s largest markets, sales rose in the United States, the U.K. and Canada.
  • Opel / Vauxhall, Buick, Cadillac, GMC and Baojun all reported higher sales.
  • Chevrolet had record crossover sales in the United States, up 24 percent, while Chevrolet U.S. truck sales increased 16 percent.
  • Deliveries in South Korea were up 11 percent to record of nearly 43,000 units.
  • Global sales were down 3 percent.  

GM Global Sales: January - September 2015

Calendar Year-to-Date
Region Total  Sales YOY Change Pct. Change Total  Sales YOY Change Pct. Change
GM North America 930,758 46,110 5.2% 2,685,342 126,257 4.9%
GM Europe 287,690 3,137 1.1% 898,236 (60,131) (6.3%)
GM South America 150,142 (66,956) (30.8%) 485,557 (156,749) (24.4%)
GM International 191,847 (21,928) (10.3%) 589,854 (41,525) (6.6%)
GM China ** 773,226 (33,902) (4.2%) 2,492,428 38,215 1.6%
Total 2,333,663 (73,539) (3.1%) 7,151,417 (93,933) (1.3%)

Quarter 3
Calendar Year-to-Date
Sales by Brand **
Total  Sales YOY Change Pct. Change Total  Sales YOY Change Pct. Change
Chevrolet
1,078,847
(112,998) (9.5%)
3,291,133
(252,280) (7.1%)
Opel/Vauxhall
272,619
14,007 5.4%
864,338
31,256 3.8%
Buick
300,335
10,858 3.8%
852,289
21,635 2.6%
Cadillac
67,895
997 1.5%
198,993
6,228 3.2%
GMC
176,222
11,100 6.7%
499,343
48,933 10.9%
Baojun
110,977
69,395 166.9%
270,488
189,857 235.5%
Wuling
286,155
(55,358) (16.2%)
1,050,327
(100,110) (8.7%)
All Others
40,613
(11,540) (22.1%)
124,506
(39,452) (24.1%)
Total
2,333,663
(73,539) (3.1%)
7,151,417
(93,933) (1.3%)

Notes:
GM North America = United States, Canada, Mexico, and other North American markets*
GM Europe = Western, Central and Eastern Europe
GM International = Asia-Pacific, Africa and the Middle East*
** Includes China retail sales
* Cuba, Iran, North Korea, Syria and Sudan are excluded from sales volume calculations

Wednesday, 14 January 2015

!NEW! GM Delivers its Second Consecutive Year of Record Global Sales

  • Record China sales and market share
  • Global Cadillac sales up 5 percent
  • Record global Buick sales
  • Opel/Vauxhall sales outpace European industry


General Motors Co. (NYSE: GM) is reporting its second consecutive year of record global sales. In 2014, the company and its dealers delivered 9,924,880 vehicles around the world, surpassing by 2 percent the record set in 2013.

“GM is making solid progress and has good momentum. Our customer focus, the new cars, trucks and crossovers we launched in China and North America, technologies like OnStar with 4GLTE and the revitalization underway at Opel helped us achieve another record year, despite very challenging market conditions in different parts of the world,” said GM CEO Mary Barra.

Among GM’s major launches are the new Opel Corsa E, which arrives in European showrooms later this month and the Chevrolet Trax small crossover in the United States, which began arriving in showrooms in December 2014. In addition, GM is increasing U.S. production of the Chevrolet Colorado and GMC Canyon mid-size pickups, which launched late last year. Launches in China include three Chevrolets, two Buicks and two Cadillacs. OnStar is also expanding into Europe and launching 4GLTE service in China.

Deliveries in North America rose 6 percent in 2014 to 3,412,714 units and the company’s estimated market share of 16.9 percent was equal to 2013. 

The redesigned full-size pickups and large SUVs introduced by Chevrolet and GMC starting in the second half of 2013, along with the Cadillac Escalade, were major contributors to the company’s success in North America. Dealers delivered almost 1 million units in the United States alone, up 11 percent year over year, which helped drive average transaction prices to a full-year record of nearly $33,900, up about $2,600 from 2013, according to J.D. Power PIN estimates.

Deliveries in China rose 12 percent to a record 3,539,972 and the company’s estimated market share increased 0.6 percentage points to 14.8 percent. Chevrolet, Cadillac, Buick, Wuling and Baojun all set annual sales records.

GM and its joint ventures expanded their lineup with several new and refreshed models in China, including the Buick Envision premium midsize SUV, Chevrolet Trax and Sail 3 family car, Cadillac ATS-L luxury sport sedan and Baojun 730 family vehicle.

Global Sales Highlights (vs. 2013)
  • Chevrolet sales in China were up 10 percent to a record 717,007 units, sales in the United States were up 4 percent to more than 2 million units and the brand was the market leader in South America. Global sales were down 4 percent, reflecting Chevrolet’s repositioning in Europe and weak industry conditions in a number of the brand’s major markets.
  • Cadillac increased its sales 5 percent on the strength of a 47 percent increase in China, where sales reached a record 73,500 units.
  • Buick delivered nearly 1.2 million vehicles, with sales in North America and China both up 13 percent. In the United States, the Buick Encore has become the industry’s best-selling small crossover. On a global basis, the Encore ended 2014 with sales of 138,218 units, up 42 percent.
  • Opel/Vauxhall delivered almost 1.1 million vehicles in Europe in 2014, and had its highest sales and market share since 2011. Sales in the region were up 3.4 percent, which nearly doubled the industry’s 1.8 percent increase. Sales were up in 16 European countries.
  • In the United States, Chevrolet and GMC increased their combined share of the retail market for large pickups by a full percentage point to 38.9 percent. The brands’ retail share in the large SUV segment was up 7.8 points to 74.7 percent.  

Tuesday, 15 April 2014

!NEW! General Motors Sells 1 Millionth Vehicle in China in 2014


General Motors and its joint ventures today sold their 1 millionth vehicle in China in 2014. This is the eighth consecutive year that GM has sold more than one million vehicles in a calendar year, and the earliest it has reached the 1 million mark.


GM first sold 1 million vehicles in China in 2007, when it achieved the milestone in December. Last year, GM hit a million on April 22.

During a ceremony at GM China’s headquarters in Shanghai on April 21, GM will hand over the keys of the 1 millionth vehicle – a Chevrolet Trax small SUV – to its new owner.

"General Motors has made China a global priority, expanding both our brand and product lineup to keep up with the changing demands of the market,” said GM Executive Vice President and GM China President Matt Tsien. “We appreciate the support that we have received from our partners, our joint ventures and, most important, our customers in China."

GM currently offers more than 40 models under seven brands in China. Its products range from mini-cars to luxury sedans, and from mini-commercial vehicles to light-duty trucks. GM and its joint ventures will be showcasing several of their current products along with many new models next week at Auto China 2014 in Beijing.

General Motors traces its roots back to 1908. GM has 12 joint ventures, two wholly owned foreign enterprises and more than 58,000 employees in China. GM and its joint ventures offer the broadest lineup of vehicles and brands among automakers in China. Passenger cars and commercial vehicles are sold under the Baojun, Buick, Cadillac, Chevrolet, Jiefang, Opel and Wuling brands. In 2013, GM sold nearly 3.2 million vehicles in China.

Monday, 22 April 2013

!NEW! General Motors (GM) 2013 Sales Reach 1 Million in China

General Motors (GM) sold its 1 millionth vehicle in China yesterday, the earliest it has ever done this in a calendar year.

GM first sold 1 million vehicles in a single year in China in December of 2007. Last year GM reached the milestone on May 7. On April 22, GM achieved it again -- and the earliest in the company’s history.

“This is a great start to the year and a big accomplishment for our team,” said Bob Socia, President, GM China, and Chief Country Operations Officer, China, India and ASEAN. “We will continue bringing new products and expanding our dealerships to boost sales.”

GM and its joint ventures are adding to their product lineups by launching 17 new and upgraded models in China this year. They include the Chevrolet Cruze hatchback; the new Wuling Sunshine; two new Jiefang light-duty trucks, the S230 and F330; and the Insignia Sports Tourer (ST), Zafira Tourer and Astra GTC from Opel.

The company is also expanding its dealer network to make it easier for its customers in China to buy and service their vehicles. It is adding 400 dealers in 2013 alone, which will give it 4,200 dealers at year end.

General Motors traces its roots back to 1908. GM has 12 joint ventures, two wholly owned foreign enterprises and more than 55,000 employees in China. GM and its joint ventures offer the broadest lineup of vehicles and brands among automakers 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. It has been the sales leader among global automakers in the market for eight consecutive years.