For the first time in 15 years, General Motors Co., has a new leading marketplace for its products: The United States.
GM sold fewer vehicles in China than it did in the U.S. last year. According to Bloomberg, it’s the first time since 2009 that that happened. Chinese consumers, Bloomberg reported, are turning increasingly to domestic brands.
GM’s deliveries dropped around 9% to 2.1 million last year in China, while U.S. sales jumped 14% to 2.59 million, according to company statements. The carmaker has slumped in China since 2017, it delivered 4.04 million vehicles – roughly double its total last year.
It’s not only happening to GM; China’s electric car manufacturers have climbed at home market at the expense of international companies including Volkswagen AG, whose signature brand lost the No. 1 spot to BYD Co.’s namesake last year, according to Bloomberg, which noted that Automotive News reported that GM sold more vehicles in the U.S. than in China earlier Monday.
