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GM Sells More Cars in China Than in the U.S.

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2010 Buick LaCrosse

2010 Buick LaCrosse

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GM is celebrating this week--along with the Independence Day holiday here, it's celebrating some huge sales numbers in Asia.

Behind the power of its Buick brand, General Motors sold 1.21 million cars in China in the first six months of this year--which means the automaker is now selling more cars in China than in the U.S.

Here at home, GM sold 1.08 million cars and trucks, as sales eked out gains over a miserable first half of 2009.

GM's sales in China have been on the rise, as the Chinese government underwrote a nearly $600 billion package of incentives for its citizens. GM was up almost 49 percent in the six-month period, and up 23.2 percent on the month. Other brands saw the same effect: Toyota, for example, is up 27 percent on the year in China, and up 8 percent in the past month, selling about a third of the total of vehicles that GM sells in the country.

Last year China became the world's largest new vehicle market, CNBC reports.

[CNBC]

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Comments (11)
  1. Wait!
    How many people live in China?
    Is it true it's 4x the amount of people we have here in the states...
    Next big country for GM SHOULD be India (and Brazil).
     
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  2. Before long they'll be selling more in Europe too.
     
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  3. imagine what it'll be like once, say, 2-3% of Chinese people own cars. That's 30 million cars.
     
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  4. wow! quite impressive considering bankruptcy filed by GM last summer and also very smart move looking at rising and then falling of the auto sales in US.
     
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  5. And lots of growth yet to happen. Too bad they won't build any of the China-bound vehicles in the U.S. Hello, fair trade!
     
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  6. Not surprised by the numbers. There shouldn't be any comparison, with China's population taking into consideration.
     
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  7. Not surprised that it is the biggest new car market...they don't have any good used cars to buy! lol.
     
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  8. This shouldn't be a surprise to anyone. North America and Europe are static markets where vehicle penetration has maxed out. China isn't.
     
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  9. This is another outcome of the recent crisis. Hope things will turn for the better in the US market in the near future.
     
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  10. But if these earnings from GM sales(from their state-ordered JV agreement there) in China go in to the big overall GM financial kitty, then this has ta be good news for GM, their workers (esp. in China) and their worldwide stockholders, eh? How could it not be great news?
     
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  11. Dragon King nailed it!
     
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