GM's third-quarter China vehicle sales down 17.5%, as US automakers cede ground

BEIJING: General Motors Co's July to September vehicle sales in China fell 17.5 per cent, as the US automaker was hurt by a slowing economy amid the Sino-US trade war and by heightened competition in its key mid-priced SUV segment.

As GM and Ford Motor Co's China sales extend declines, US car companies' share of total China passenger vehicles sales fell to 9.5 per cent in the first eight months of this year from 10.7 per cent in the year-ago period, according to the China Association of Automobile Manufacturers . In China, GM has a joint venture with SAIC Motor Corp , in which the Buick, Chevrolet and Cadillac are made. It also has another venture, with SAIC and Guangxi Automobile Group, in which they make no-frills minivans and have started to make higher-end cars.GM, the second biggest international automaker in China by sales, sold 3.64 million units in China last year, down from 4.04 units in 2017.

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