GM Announces 5.2% Rise in 2015 China Sales
China, the world’s largest car market, has become a major battleground for the world’s largest global manufacturers. The traditional market leaders have been General Motors Co. (NYSE: GM) and staggering Volkswagen.
GM announced that its sales in China jumped last year.
From the press release:
General Motors and its joint ventures delivered a record 3,612,635 vehicles in China in 2015, which was up 5.2 percent from the previous high in 2014. China remained GM’s largest market in terms of retail sales.
GM sold 3,082,366 cars in the United States last year, up 5% from 2014. It was the market share leader in America at 17.6%.
VW’s woes could help GM’s China sales to rise even more rapidly this year.