A Great September for General Motors Co. (NYSE:GM) in China

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General Motors Co. (NYSE:GM) in combination with its Chinese joint ventures reported a year-over-year sales increase by 15% in September in China. The numbers of vehicles sold were 319,936. This 15% increase represents the second highest sales in a month for the year 2014.

General Motors Co. (NYSE:GM) and joint ventures in China had a combined sales volumes of more than 20 million. The main contributor to this figure was the impressive domestic sales of GM Shanghai and Wuling SAIC-GM.

Shanghai GM sales went up by 19.6%, which means 158,792 vehicles were sold; whereas SAIC-GM-Wuling sales spiked up by 14.5% year-over-year, which means 159,906 vehicles were sold. Things were not so good for FAW-GM; its year-over-year sales went down by 73.8% in China, which means only 1,238 vehicles were sold.

General Motors Co. (NYSE:GM) is one of the leading automakers in the world and sells a great variety of vehicles in China that includes both commercial and passenger brands. Some of its most popular brands are Cadillac, Baojun, Chevrolet, Wuling, Buick, Opel and Jiefang.

Chevrolet by General Motors Co. (NYSE:GM) also had a jump in sales by 19.3%, which means 68,347 vehicles of the brand were sold. The main reason for these impressive sales was the brand’s new launch of Cruze model, which is a new generation vehicle. The company was successful in selling 24,256 units of Cruze. Cruze sales were the highest Chevrolet sales. Second in line was Sail brand, which sold 19,825 vehicles. Malibu brand successfully sold 11,812 vehicles, which is a jump up by 34%.

General Motors Co. (NYSE:GM) was able to sell 83,638 units of its Buick in China last month, which is an increase by 17.8% in its sales. Things looked good for Excelle GT and XT sales as well; the sales figure went up by 10.1%, which means 21,636 units were sold. GM’s Encore’s 6,988 units were sold where as the Regal saw sales of 10,491 units.

General Motors Co. (NYSE:GM) also saw an increase in its luxury brand Cadillac’s sales, which sold 6,807 vehicles signifying a jump by 51.4%.

Wuling sales also shot up after selling 135,128 vehicles – a 4.2% increase in sales in September. Wuling’s Hong Guang family became the brand’s highest selling model; it sold 60,652 vehicles, which is a kick up by 18.4%. Baojun sales also hiked up by 147.1% after selling 24,778 vehicles.

General Motors Co. (NYSE:GM) currently holds a ranking of Hold #3 by Zacks. The automaker has a strong presence in China with two fully-owned enterprises that are foreign and 10 joint ventures in the country. It has almost 58,000 employees in China. Ford on the other hand had only a 9% increase in its wholesales in China in the month of August.

General Motors Co. (NYSE:GM) kicked off the morning trading session at a value of $30.28 and at 2:08 pm EDT went down by -0.71% to land at $30.81. Stock’s inst. ownership is 70% with a market cap of 50.33 B. GM’s stock range over 52 weeks has been between 30.09 and 41.85.

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