GM's First-Quarter China Sales Slide 43% Due to Covid-19 Pandemic
Zhang Yushuo
DATE:  Apr 03 2020
/ SOURCE:  yicai
GM's First-Quarter China Sales Slide 43% Due to Covid-19 Pandemic GM's First-Quarter China Sales Slide 43% Due to Covid-19 Pandemic

(Yicai Global) Yicai Global -- Vehicle sales by General Motors and its joint ventures in China slumped 43 percent in the first quarter of this year because of the challenges brought by the outbreak of the novel coronavirus.

The US automaker and its JVs delivered 461,700 vehicles in the three months ended March 31, GM China said in a statement released today.

Deliveries of its luxury Cadillac brand fell 40 percent to 26,800, while Buick's dropped 42.5 percent to nearly 129,600, and Chevrolet's slumped 54.7 percent to 50,900. Sales of Baojun, a marque owned by a joint venture of GM and SAIC Motor, slid 51.5 percent to 82,200, and those of Wuling, a JV with SAIC and Wuling Motor, fell 34.3 percent to 172,200.

In response to the COVID-19 pandemic outbreak, GM shifted its primary focus to supporting measures to control and prevent the spread of the Covid-19 contagion, while also ensuring the safety of employees as well as company and dealer operations, it said. 

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Keywords:   General Motors,car,sales,Covid-19,Wuling,Buick,Cadillac