Monday, July 16, 2012

General Motors (GM) announced its 11.3 percent sales increase in China


China,  - The Chinese government hopes every person to revive the market and increase car sales by offering subsidies to consumers. Last year, vehicle sales increased just 2.5 percent to 18.51 million units, is very small when compared to 2010 which recorded 32 percent rate increase.

One of the three American auto giant, General Motors (GM) announced its sales in China for the first six months reached 1.42 million, up 11.3 percent over the same period last year. While in June alone, GM sold 213 495 units, also up 11.3 percent from 2011 and set a new record.

"Despite signs of slowing economic growth in China, demand for GM products increased in all major segments in the first half of this year," said GM China Group President Kevin Wale as reported Inautonews (5/7). He hopes sales growth remained stable in the second half, driven primarily by demand in the inland province of China.

China's economy, including the automotive sector, the country began to weaken after the government stopped buying incentive bamboo curtain in 2011. Condition worsened, following a government policy that limits the number of cars in some particular city aims to reduce pollution and congestion.