GM auto sales in China slow in June

Afp
Monday 05 July 2010 00:00 BST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

General Motors said Friday its vehicle sales in China had slowed in June from the previous month, reflecting a nationwide trend of softer demand in the world's biggest market.

The US auto giant said it sold 176,486 vehicles in June, up 23.2 percent from a year earlier but down nearly 10 percent from May.

After overtaking the United States for the first time last year to become the world's biggest auto market, China's sales have started to slow in recent months as demand weakens.

General Motors sold more than 1.2 million units in the first half of 2010, up 48.5 percent from a year earlier, it said in a statement.

Sales slowed month-on-month in May and June after soaring 41.1 percent year-on-year to a monthly record in April of 213,115 units.

Out of total sales for June, Shanghai GM, the company's flagship joint venture with China's largest car maker SAIC Motor, sold 71,782 units, up 18.9 percent from a year earlier.

The sales growth at the joint venture, which produces Buick, Chevrolet and Cadillac cars, was much slower than in April, when sales rose 48.7 percent on year to 83,302 units.

Total Chinese car sales hit 1.44 million units during May, down 7.5 percent from April, official figures show.

jqf/amj/njc

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in