General Motor's first quarter China sales drop 43% as coronavirus cuts demand

General Motors Co's vehicle sales in China fell 43.3% in the first three months of 2020 compared with the same period last year, the company said on Friday, as the coronavirus pandemic reduced demand in the world's biggest auto market.

File photo (REUTERS)
File photo

The pandemic has killed over 3,300 people in China, the world's second-biggest economy, and caused the government to lock down parts of the country to contain the spread. The travel restrictions contributed to a 79% drop in overall auto sales in February after a 19% drop in January.

GM, China's second-biggest foreign automaker, delivered 461,716 vehicles in the first quarter, the company said. The first quarter drop follows a second straight decline in annual sales in 2019.

Also Read : Coronavirus fallout: GM, Fiat fall short on sales before the pain really sets in

Also check these Vehicles

Find more Cars
Force Motors Gurkha (HT Auto photo)
₹ 13.59 Lakhs* **Ex-showroom price
Add to compare
Check latest offers
Mean Metal Motors Azani (HT Auto photo)
₹ 88 - 90 Lakhs* *Expected Price
View Details
Velev Motors Vio (HT Auto photo)
₹52,000***Ex-showroom price
Add to compare
Check latest offers
Tork Motors Kratos (HT Auto photo)
₹ 1.22 - 1.68 Lakhs* *Ex-showroom price
Add to compare
Check latest offers
White Carbon Motors O3 (HT Auto photo)
₹55,900***Ex-showroom price
Add to compare
Check latest offers
White Carbon Motors Gt5 (HT Auto photo)
₹ 1.15 Lakhs* **Ex-showroom price
Add to compare
Check latest offers

GM has a joint venture in China with SAIC Motor Corp which manufactures Buick, Chevrolet and Cadillac vehicles. It also has another venture, SGMW, with SAIC and Guangxi Automobile Group, that produces no-frills minivans and has started to make higher-end cars.

Sales of GM's mass-market brand Chevrolet dropped 54.7% for the latest quarter, while sales of the no-frills brand Wuling fell 34.3%. Premium brand Cadillac's sales jumped 40%.

Also Read : GM rolls out safety protocols for ventilator-making workers

Amid the sales slowdown, GM and its dealers are trying to woo back lockdown-weary consumers through unusual advertising campaigns, including using a makeup-promoting personality to tout car leasing. The SGMW venture also offers free medical masks to customers.

GM has launched one new Chevrolet electric model in China this year and plans to offer four-cylinder engines in certain models currently offered only with the smaller engines.

First Published Date: 03 Apr 2020, 15:56 PM IST
Shopping Bag Shop Now
70% OFF
VENO Portable High Power 2 in 1 Car Vacuum Cleaner | USB Rechargeable Wireless Handheld Car Vacuum Cleaner Traveling, Camping Reusable and Sustainable (2 in 1 Vacuum Cleaner)
Rs. 899 Rs. 2,999
1% OFF
Godrej aer O – Hanging Car Air Freshener | Car Accessories | Cool Aqua (7.5g)
Rs. 98 Rs. 99
65% OFF
Ambrane 38W Fast Car Charger with Dual Output, Quick Charge 3.0 and Power Delivery, Type-C & USB Port, Wide Compatibility for Smart Phones (RAAP C38 A, Black)
Rs. 349 Rs. 999
68% OFF
PUNZONE Car Body Scratch Remover - Scratch Repair Polishing Wax Kit Sponge Body Compound Cream Wax, Car Body Compound Scratch Remover
Rs. 289 Rs. 898

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.