BEIJING: General Motors Co’s second-quarter vehicle sales in China fell 12.2 percent, as the US automaker was hurt by a slowing economy amid the Sino-US trade war and by heightened competition in its key mid-priced SUV segment.
GM delivered 753,926 vehicles in China in the April-June period this year, according to a company statement. The drop for the quarter marks the fourth straight quarterly sales decline for GM in China, the world’s biggest auto market.
Sales of its affordable brand Baojun dropped 31.8 percent during the quarter compared to the same period last year. But luxury brand Cadillac’s sales jumped 36.6 percent in the quarter.
In China, GM has a joint venture with SAIC Motor Corp, in which the Buick, Chevrolet and Cadillac are made. It also has another venture, with SAIC and Guangxi Automobile Group, in which they make no-frills minivans and have started to make higher-end cars. – Reuters
