GM's 2019 China sales drop for second year on weak economy

General Motors Co's vehicle sales in China fell for a second year as overal...

FILE PHOTO: The GM logo is seen at the General Motors Warren Transmission Operations Plant in Warren, Michigan October 26, 2015. Photo taken October 26. REUTERS/Rebecca Cook

Sales in 2019 fell 15% from a year earlier to 3.09 million vehicles, GM, China’s second-biggest foreign automaker, said in a statement. The company delivered 3.65 million vehicles in 2018 and 4.04 million units in 2017. Sales of GM’s affordable Baojun brand dropped 27.6% for the latest quarter, while sales of mass-market Chevrolet tumbled 20.1% and Buick fell 16.7%, the statement said. But luxury brand Cadillac’s sales increased 3.9%.

“We expect the market downturn to continue in 2020, and anticipate ongoing headwinds in our China business,” Tsien added.

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