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Record month for GM China sales

2012-05-08 07:14

US automaker General Motors achieved record sales in China, despite a slowdown in the world's biggest vehicle market.

GM sold 227 217 vehicles in April, up 11.7% from the same month in 2011, it said in a statement. GM also registered a sales record for the month of March.

For the first four months of the year, GM's China sales rose 9.4% year-on-year to 972369 models.

GM China Group president Kevin Wale said sales would top a million in May: "It has put us on track to once again set a new sales mark for the year as a whole."

SLOWDOWN CONTINUES

GM sold more than 2.5 million vehicles in China in 2011.

Foreign automakers such as GM have been able to ride out an overall slowdown in China's auto market, the world's largest since 2009, helped by name recognition and perceptions of higher quality.

China's nationwide sales rose just 2.5% to 18.51 million units in 2011, compared with an annual increase of more than 32% in 2010.

The slowdown came after the government rolled back purchasing incentives and some cities imposed tighter restrictions on car numbers to ease chronic traffic congestion and pollution.

Vehicle sales in China fell 3.4% year-on-year to 4.79-million units in the first three months of 201. Many automakers remain confident of steady growth in the Asian nation, where three out of every four new car purchases are by first-time buyers.

AFP