After peaking at 4 million in 2017, GM’s China sales have steadily dropped



(January 9, 2024) General Motors' China sales dropped 8.7 percent to 2.1 million last year, allowing the United States to become the automaker's biggest market for the first time in more than a decade. The slide in sales was led by declines at SAIC-GM, GM’s Chinese passenger-vehicle joint venture with SAIC Motor Corp., which builds and markets Cadillac, Chevrolet and Buick cars and light trucks. according to Automotive News.

Buick volume in 2023 slumped 20 percent to about 517,000 while Chevrolet's China deliveries shrank 16 percent to around 169,000, GM China said Monday.  Cadillac deliveries decreased 5.7 percent to roughly 183,000 last year. Sales at SAIC-GM-Wuling, a three-way partnership between SAIC, GM and Liuzhou Wuling Automobile Industry Co., totaled 1.2 million last year, virtually unchanged from 2022.

SAIC-GM-Wuling mainly builds Wuling-brand minibuses and compact pickups as well as Baojun-badged compact and subcompact sedans and crossovers.

GM's U.S. sales rose 14 percent to 2.6 million in 2023. After peaking at 4 million in 2017, GM’s China sales have steadily dropped by nearly half. China became GM's biggest market in 2010.

Source: Automotive News