General Motors’ U.S. sales may have plummeted 20 percent last month, but the Detroit automaker saw strong demand for its vehicles in China during the month of August. GM’s China sales climbed 112.7 percent last month, boosting the automaker’s yearly forecast.
According to Automotive News, GM’s China sales saw a massive 112.7 percent increase in August, totaling 152,365 units. That brings GM’s eight month China sales total to 1.11 million vehicles, up 49.6 percent from the same period last year.
“We are now looking at a market of 11.5 to 12 million vehicles, up from 9.1 million units last year,” Kevin Wale, president and managing director for GM’s China operations, said of China’s new car market. “We expect GM sales for the year as a whole to rise by more than 40 percent from 2008.”
As with several other global markets, government incentives have spurred new car sales in China. China overtook the U.S. as the world’s largest car market in January.
GM plans to rollout 30 new products for the China market over the next four years, ensuring it won’t lose its grip on what is becoming the most important market in the world.
