General Motors Registers Record-High Sales in China
General Motors

General Motors Co.’s sales in China registered a record-high in March, outshining its delivery numbers in United States for 3 months in a row. Experts say that this testifies China’s importance as the biggest auto market in the world.

In a statement released today, the biggest foreign auto manufacturers in China reported a surge in sales, taking a 68% leap to 230,048 vehicles previous month.

Qin Xuwen, an analyst at Orient Securities Co. in Shanghai, talking about the rise in sales numbers, said, “There is continuous demand for cars in China. Sales won’t be a concern, although carmakers may be forced to cut prices given rising capacity”.

The automaker, with its headquarters based in Detroit, Michigan, is aspiring to enhance its sales in China from last year’s 1.83 million vehicles to 2 million this year. Even though the rate of growth has been slow so far this year, the boost in sales in China is prompting car makers to increase production capacity in the country.

Toyota as well, recently revealed that its sales in China increased to 61,200 vehicles previous month. Hyundai sold 61,638 units.

 

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