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The Sales of Adds up 10.1% in June

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Core Tip: General Motors (GM) and its Chinese joint ventures (JV) have reported 10.1% rise in sales in June to 213,495 units in China, over the same period in 2011. Domest

General Motors (GM) and its Chinese joint ventures (JV) have reported 10.1% rise in sales in June to 213,495 units in China, over the same period in 2011.

Domestic sales of Shanghai GM increased 7.5% to 109,127 units and SAIC-GM-Wuling's sales increased14.1% to 100,407 units, while FAW-GM reported 3.4% decline to 3,357 units during the period.

GM also reported 11.3% rise in its sales to 1,417,047 units during the initial six months of 2012 over the same period in 2011.

GM China president and managing director Kevin Wale said despite signs of slowing economic growth in China, demand for GM products rose in all key segments in the first half of the year.

"We expect sales growth to remain steady in the second half, driven by demand in China's interior provinces," Wale said.

During the first half of 2012, sales of Shanghai GM increased 6.6% to 639,549 units and SAIC-GM-Wuling reported 16.2% rise to 745,427 vehicles, while FAW-GM's sales declined 3.5% to 29,172 units.

 
Keyword: GM, sales up, China
 
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