Tag Archives: china sales

General Motors Sales in China Set All Time July and CYTD Record

Posted on 7 August 2012 by Ken Zino

General Motors and its joint ventures sold 199,503 vehicles in China, in July, a 15.1% increase from last year’s previous record high for the month. SAIC-GM-Wuling’s sales reached 98,694 units, an all-time high for July and an increase of 26.6% year on year. Continue reading →

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Ford China Sales Drop Again in Q1 as March Continues Slump

Posted on 17 April 2012 by Ken Zino

This is the third straight monthly decline for Ford in China, and it comes at a time when Ford is aggressively expanding its capacity there, an unfortunate development for shareholders and the Ford balance sheet, which needs the cash flow from increasing sales to build new plants. All major automakers have announced ambitious expansion plans in China, the world’s largest auto market. However, in 2011 the Chinese auto market only grew by 5%, by far the lowest growth rate of the 21st century, as the communist central government deliberately slowed the economy in an attempt to fight inflation. Continue reading →

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Ford China Sales Plummet 42% in January? GM off 8%

Posted on 8 February 2012 by Ken Zino

Ford China reported January sales of 30,976 vehicles – a – 42% freefall compared with 53,340 vehicles in the same period last year, and just under 50,000 vehicles in December of 2011. General Motors also posted a drop of 8% in January to 246,654 vehicles – GM’s second-best January ever in China where it is well established. The open question is whether this is the beginning of a prolonged downturn in the Chinese economy that some western economists are predicting as a result of Chinese government policies to slow down growth. If so, it will be an unwelcome development for both GM and Ford with their weak balance sheets, and loss making operations in Europe. Things will become clearer when other automakers report China sales. Continue reading →

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