GM’s January Sales in China Slip 2%

Car and truck sales by General Motors Co.'s three joint ventures in China shrank to 339,800 units in January from 348,100 a year earlier, Automotive News China reports.

GM blames the decline on a 32% surge in December sales that drained dealer inventories at year-end.

The company posted record sales of 3.5 million units, up 12%, in China last year. All its American brands reported new highs in volume.

January sales of domestic-brand mini-vehicles by SAIC-GM-Wuling advanced 4%. But demand last month fell 2% for Chevrolet, 10% for Buick and 11% for Cadillac, according to ANE.