Wholesale supplies remain mixed at GM’s 2 joint ventures


Wholesale supplies from General Motors’ two joint ventures with SAIC Motor Corp. were mixed in February.

According to SAIC, a Shanghai-listed company, deliveries at SAIC-GM, which builds Cadillac, Buick and Chevrolet cars and light trucks, fell one percent from a year earlier to 76,006 vehicles.

In the first two months, shipments from the joint venture fell 10 percent to 186,013.

SAIC-GM shipments have now declined for 11 consecutive months.

In contrast, shipments at SAIC-GM-Wuling, which makes minibuses under the Wuling brand and entry-level cars under the Baojun brand, rebounded for the second straight month in February, rising one percent to 66,000.

SAIC-GM-Wuling delivered 176,057 vehicles by February, a jump of 11 percent compared to the previous year.

SAIC has not broken down the volume of the two joint ventures it operates with GM by brand.

In 2021, SAIC-GM shipments fell 9 percent to 1.33 million, while SAIC-GM-Wuling shipments increased 3.8 percent to 1.66 million.

GM only reports quarterly retail sales in China.

In 2021, SAIC-GM and SAIC-GM-wauling combined retail sales were flat at 2.9 million, with gains at Cadillac and Wuling offset by declines at Buick, Chevrolet and Baojun.


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