Due to weak economic growth and Sino-US trade friction, GM's quarterly sales in China fell for the first time in more than a year. In the third quarter, GM sold 835,934 vehicles in China, a sharp drop of 14.9% from the same period last year. The company said that this was due to the overall 'weakness' of the automotive market and the new engine system of the Buick brand.
A GM spokesperson in Shanghai said: 'The main reason for the decline in sales in China is that the market is weak, the growth rate of second- and third-tier cities is slowing down, Buick's engine replacement and sales in the third quarter of last year are strong.' She added that sales fell China trade friction has nothing to do.
This is the first decline in GM's sales in China since the first quarter of 2017, when GM's sales in China fell by 5.2%. Earlier this year, GM switched to only quarterly sales in China, canceling previous monthly sales data. Announcement.
GM has been shifting its Buick brand to a more efficient new three-cylinder engine to meet its emissions targets. But Chinese sellers say consumers have not convinced such small engines, thus hampering sales.
A Buick dealer in Zhejiang said: 'Many consumers still have concerns because they have seen negative comments on the three-cylinder engine technology on the Internet.'
In the second quarter of this year, GM's sales in China increased slightly by 0.7%, lower than the 8% increase in the first quarter of this year. As the world's largest auto market, China is vital to GM. Last year, GM sold more than 4 million in China. Vehicle, surpassing sales in the North American market.