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GM to add 600 dealerships in China this year

Apr. 24, 2012 (China Knowledge) - U.S.-based auto giant General Motors aims to add 600 dealerships in China, bringing its China dealerships from 2,900 last year to 3,500 by the end of this year, said CEO Dan Akerson yesterday at the Beijing International Automotive Exhibition.

Akerson added that GM also expects to boost its annual output capacity in China to 5 million vehicles by 2016, nearly doubling the 2.55 million cars and trucks the company sold with its Chinese partners last year.

Although GM's China sales growth slowed from 35% in 2010 to only 2% in the first quarter of 2012, the company still believes there is a potential auto market in the country.

Joseph Liu, executive vice president of GM China, noted the firm's luxury Cadillac unit will introduce one new model per year in China, hoping to raise Cadillac sales in the country to 100,000 units by 2016.
Sales of Cadillac in China surged 73% year on year to 30,000 units last year, which also increased 20% from a year earlier in the first quarter of 2012.

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