How Is General Motors Racing Ahead of Its Rivals in China?
General Motors (NYSE: GM) recent run of strong sales in China continued last month as it recorded its highest September sales result ever. In July, GM's sales jumped 6.3% year over year as key rivals lost some ground. It followed that with an 11.9% gain in August and a solid 6.6% jump last month, setting up for a strong third-quarter regional result. But what's driving this success, and what will it take to ensure it continues?
GM and its joint ventures recorded a 6.6% gain in deliveries, compared to the prior year's September, to hit an incredible 366,305 vehicles. To put in perspective how impressive that is, General Motors' strongest non-Chinese competitor in the market is Volkswagen Group (NASDAQOTH: VLKAY) and despite posting a similarly strong September with deliveries rising 7.5%, its volume was just 310,500 vehicles. For Detroit's largest automaker, results were strong from nearly every brand in September, with Buick, Cadillac, and Baojun reaching all-time highs.
GM China Sales By Brand
Source: Fool.com
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