GM Sets March and Quarterly Sales Records in China
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| General Motors and its joint ventures in China sold 257,944 vehicles in March and 745,152 vehicles in the first quarter of 2012, setting March and quarterly records.
GM's domestic sales in March were up 10.7 percent from the same month in 2011. They were the second highest for any month in GM's history in China. For the first three months as a whole, its domestic sales increased 8.7 percent, the best quarter since GM began doing business in China.
'GM has maintained our growth in our largest market in 2012, despite an overall industry slowdown,' said Kevin Wale, president and managing director of the GM China Group. 'Our new models such as the Chevrolet Malibu have gotten off to a solid start, complementing the ongoing strength of established products such as the Buick Excelle, Chevrolet Cruze and Cadillac SRX.'
Shanghai GM's domestic sales increased 10.5 percent on an annual basis to 110,038 units. SAIC-GM-Wuling's sales in China increased 11.6 percent year on year to 139,768 units. FAW-GM's domestic sales in March totaled 7,417 units. Sales at all three GM joint ventures were up from the previous month.