While General Motors executives might be suffering through some sleepless nights thanks to the ongoing ignition switch/recall fiasco, the news these days isn’t all bad.
Bloomberg News is reporting skyrocketing GM sales in that exotic and lucrative market that all automakers lust over – China.
Yes, the eastern superpower is hungry for vehicles – especially high end vehicles with foreign cache, of which GM is only too happy to provide. Total GM vehicle sales are up 9.1% this June, year over year.
It’s been reported for some time that Chinese car buyers fancy the Buick brand, and sales of those models certainly make up a fair share of the growing volume, but it’s Cadillac that’s now seeing the biggest sales bump.
Sales of Cadillacs rose 46% year over year in June, with the first half of 2014 showing a 72% overall increase. In contrast, Buick sales in June were 14% higher than in 2013. GM expects even greater sales in the second half of this year, and plans to do everything possible to ensure the trend continues.
Much cash is slated for spending in the coming years to boost production for the Chinese market.
Clearly, China is quite enamoured with the 111-year-old luxury brand, despite being far removed from much of Cadillac’s storied history. Clearly, they’re playing catch-up, though no word if there’s an online demand for imports of these: