Sales of General Motors in China for the first time exceeded U.S. rates

For the first time in more than a century of existence of the American automobile giant General Motors (GM) sold in the native market fewer cars than in China[/t[t:tag slug=knr]China. Experts believe that this state of affairs in the near future to continue, in connection with what GM should more closely monitor changes in the automobile market of China.

The first two quarters of this year, GM was able to realize China’s 1.21 million vehicles, while sales in the U.S. amounted to only 1.01 million vehicles. Such a change in the structure of sales in the first place contributed to the problem of GM’s domestic market - recovery of demand here is very slow. What can be said about China: Last year the auto sales rose by more than 50%.

The reason for this rapid growth has led to numerous government subsidies in China, thanks to which the Chinese automotive market grew last year by 46% to 13.6 million vehicles, surpassing the U.S. on this indicator (10.4 million cars). Now it is China is the world’s largest car market.

6 July 2010

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