GM Sales for March Jump to Record High in China

General Motors Co. delivered a record 345,500 vehicles in China last month, up 16% from the same period in 2015. But combined sales for the first quarter fell 5% year on year.

GM says demand for its Buick, Cadillac and Baojun brands all set record highs in March. SUV sales for the month zoomed 45%, and MPV deliveries rose 23%

China’s new-car market softened earlier this year after the central government reduced a tax break on cars with small engines, raising the rate from 5% to 7.5%. The tax is scheduled to return to its original 10% level in 2018.