Cars and Drivers

GM Announces 5.2% Rise in 2015 China Sales

courtesy of General Motors Co.

China, the world’s largest car market, has become a major battleground for the world’s largest global manufacturers. The traditional market leaders have been General Motors Co. (NYSE: GM) and staggering Volkswagen.

GM announced that its sales in China jumped last year.

From the press release:

General Motors and its joint ventures delivered a record 3,612,635 vehicles in China in 2015, which was up 5.2 percent from the previous high in 2014. China remained GM’s largest market in terms of retail sales.

GM sold 3,082,366 cars in the United States last year, up 5% from 2014. It was the market share leader in America at 17.6%.

VW’s woes could help GM’s China sales to rise even more rapidly this year.

 

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.