Business is booming in China. Consumers are digging deep into their wallets and spending more dough on vehicles, making the Chinese market one of the most sought after by automakers. Ferrari, Lamborghini and Bentley sales have surged in China; however, it's not all luxury automakers seeing a boost, as GM has gotten in on some of the spending action.
GM and its joint venture, SAIC-GM, topped its record sales charts during the first five months of 2011, reaching a healthy 1,079,624 units for the period. GM’s May sales alone reached a high mark of 190,674. Chinese consumers flocked to GM to get their hands on a Buick, Chevrolet , and Cadillac passenger cars, with Shanghai GM totaling 92,519 vehicles sold, an increase of 11.1 percent from May 2010.
A recurring pattern seen in most of the world, consumers are gunning for more fuel-efficient products automakers have to offer. GM’s ever-popular Chevrolet Cruze, Chevrolet New Sail, and the Buick Excelle prove to the top fuel-efficient picks for Chinese car buyers.
Chevrolet products were up 3.4 percent in May, selling 42,934 vehicles with the Cruze, New Sail, and the Capita SUV taking the lead.
Buick sales jumped 13.4 percent for the month of May, totaling 57,978. Cadillac pulled a hat trick, earning its third-best month ever in China last month, selling 2,254 units. The SLS luxury sedan and SRX cr0ssover were the stars of the Caddy group.
Other GM joint ventures SAIC-GM-Wuling and FAW-GM sold 93, 997 mini-commerical vehicles, and 3,809 light-duty trucks last month, respectively.
With the new Baojun brand coming on board, we won't be surprised if GM's sales numbers continue to stay sky-high in China.