China is GM’s (GM) crown jewel. Sales there increased 25% in Q1 to almost 292,000. The big car company and its joint venture partners are the No.1 seller of vehicles in the market.
But, Toyota (TM) hates to be out-done. During the sames quarter, its sales rose 66% to 103,000. The Chinese seem to like the Camry.
Because the Camry is doing so well in China, GM has some cause to worry. At its current growth rate, Toyota could be at 50% of GM’s unit sales in two years.
Looks a lot like the US market.
Douglas A. McIntyre
