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Shanghai-GM leads car market through to March

SHANGHAI – Shanghai-GM sold 113,200 cars in the first quarter of 2007, up 26.5 percent on the same period in 2006, according to the latest statistics released by the company. The automaker therefore remained market leader in China’s passenger car segment.
Sales by Buick, Shanghai-GM’s mainstay brand, reached 82,000 units, accounting for nearly three quarters of the total. The Buick Excelle, in particular, was the top-selling model in the entire car sector during the first quarter, registering sales of 45,000 units.
Chevrolet, positioned as a popular Shanghai-GM brand, registered sales of nearly 30,000 units, a growth of 30 percent. The new flagship Chevrolet Epica, launched on March 9, sold 3,629 units to the end of the month.
Cadillac luxury car and SUV sales grew 62 percent to 1,797 units. Of that, sales of the Cadillac SLS sedan, which hit the market in February as the only locally produced Cadillac model, accounted for nearly two-thirds, with 1,154 units sold.
Shanghai-GM led the Chinese domestic car market last year with more than 400,000 units. The group is reportedly preparing to launch the Korean-made Chevrolet Captiva in China later in the year, making it the brand’s first SUV model.

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