according to GM said the company and its joint ventures sold 321,264 vehicles last month in China, its largest sales market.
Ford and its joint ventures in China sold 88,432 vehicles last month, with the Edge SUV and Mustang sports car setting record results.
GM plans to launch 18 new or significantly refreshed vehicles in China this year and half are SUVs or multi-purpose vehicles.
General Motors Co. and Ford Motor Co. said Thursday their companies sales in January tumbled from the same month a year ago by 24 percent and 32 percent, respectively.
GM said sales for its luxury Cadillac brand last month surged 116 percent to more than 18,011 vehicles.
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“We are seeing strong growth momentum with Cadillac as we continue to build our product line-up in the fast-growing luxury segment,” said GM Executive Vice President and GM China President Matt Tsien.
The timing of the Chinese New Year and a tax hike took a heavy toll on new vehicle sales in China during January.
Both General Motors and Ford Motor Co., which finished 2016 with a jump in sales, saw their sales decline as the New Year celebration shut down businesses of all kinds across China.
General Motors and its joint ventures sales declined 24% due to the earlier Spring Festival holiday and reduction in the vehicle purchase tax incentive, GM said in a statement.
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Ford And JV January China Sales Down 32%
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Total sales for Ford, including JVs Changan Ford Automobile and Jiangling Motor Corporation, were down 32 percent versus January 2016.
Ford’s performance family continues to gain popularity with sports car enthusiasts as sales of the Ford Mustang more than doubled, setting another best-ever monthly sales record, and Focus ST and RS sales increased 64 percent compared to January 2016.
Shutterstock photo(RTTNews.com) – Ford Motor Co. ( F ) and its joint ventures in China sold more than 88,000 vehicles in January with the Edge SUV and Mustang recording all-time record months.
January had five fewer selling days this year versus last year due to the timing of the Chinese New Year.
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