GM's China Business Continued to Skid, Slid 15% Last Year
Tang Shihua
DATE:  Jan 07 2020
/ SOURCE:  yicai
GM's China Business Continued to Skid, Slid 15% Last Year GM's China Business Continued to Skid, Slid 15% Last Year

 (Yicai Global) Jan. 7 -- General Motors saw its China business continue to contract as carmakers confronted the challenge of weaker consumer demand last year.

GM and its joint ventures sold more than 3.09 million vehicles in China last year, a figure down 15 percent from 2018 when the company logged sales of 3.64 million units, in turn down 10 percent from the previous year.

Sales of its luxury Cadillac brand reached an all-time high of 213,717 units last year, however, in a 3.9 percent annual rise.

China's auto market tumbled again last year, after marking its first full year of decline in two decades in 2018. The country sold 23.1 million new vehicles from January 2019 through November, down 9.1 percent, per data from the China Association of Automobile Manufacturers.

Editor: Ben Armour

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Keywords:   Business Performance,Auto Sales,GM