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Cars and Drivers

GM China Sales Rise 55% To A Record

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By Douglas A. McIntyre Updated Published
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gmGM’s sales may be taking a thrashing in its home market, but Chines sales for the No.1 US car company are getting good enough to trump the company’s trouble in America, or at least offset.

GM said that its sales in China rose to 181,148. Sales for the first nine months of 2009 where up and extraordinary 55% to 1.3 million vehicles.

The numbers out of the world’s most populous nation show that GM can be nimble and adroit at sizing up a market and building the right cars for it. GM and VW now hold the lead among all car manufacturers in China. That leaves some of the world’s strongest car companies, most notably Toyota (NYSE:TM) and Honda (NYSE:HMC), fighting for market share from a lower sales base. Ford’s (NYSE:F) sales in China are relative strong even though it is now the strongest domestic car company in America. Chrysler has a tiny presence in China which is particularly bad given its awful sales in the US.

GM is still doing badly in the US. Its sales were down by almost half last month. The company’s management admitted publicly that it has been able to cut costs but is still struggling to improve sales in the American market. It may want to move its headquarters to Shanghai and be done with it.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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