- January 10, 2024
General Motors’ China sales lag US for 1st time since 2009 – Times of India
General Motors sold fewer vehicles in China than in the US for the first time since 2009, as consumers in the world’s biggest auto market increasingly opt for domestic brands.
GM’s deliveries dropped around 9% to 2.1 million last year in China, whereas US sales jumped 14% to 2.6 million, according to company statements. The carmaker has slumped in China since 2017, when it delivered 4 million vehicles, roughly double its total last year.
GM hasn’t been alone in losing ground.China’s electric-car manufacturers have ascended in their home market at the expense of international companies including Volkswagen AG, whose signature brand lost the No. 1 spot to BYD Co.’s namesake last year.
Automotive News reported that GM sold more vehicles in the US than in China earlier Monday.
GM’s deliveries dropped around 9% to 2.1 million last year in China, whereas US sales jumped 14% to 2.6 million, according to company statements. The carmaker has slumped in China since 2017, when it delivered 4 million vehicles, roughly double its total last year.
GM hasn’t been alone in losing ground.China’s electric-car manufacturers have ascended in their home market at the expense of international companies including Volkswagen AG, whose signature brand lost the No. 1 spot to BYD Co.’s namesake last year.
Automotive News reported that GM sold more vehicles in the US than in China earlier Monday.
