[NorseViking]

BMW, Mini and RR sell about twice as much units in China than in US. These aren’t cheap. Other luxury brands are doing about as great. I believe GM sells more cars (not counting SUVs and trucks) in China than in US too.

[Zhang Fei]

[BMW, Mini and RR sell about twice as much units in China than in US. These aren’t cheap. Other luxury brands are doing about as great. I believe GM sells more cars (not counting SUVs and trucks) in China than in US too.]

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It’s about the sales mix. Chinese buyers will be clustered at the low end. US buyers will be clustered at the high end. Last I looked, GM profits from US sales dwarfed those from Chinese sales:

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https://www.wsj.com/articles/gms-operating-profit-hurt-by-china-results-u-s-production-cuts-11556626628
[GM said Tuesday that income from China sank by more than one-third in the first-quarter to $376 million, driving an 11% decline in the company’s overall operating profit. Chief Executive Mary Barra said she sees “more downside than upside risk in the near term” for China, where industrywide sales remain in their first protracted decline in decades.

Overall, GM’s operating profit for the January-through-March quarter totaled $2.3 billion, down from $2.6 billion a year earlier.

Operating profit from the company’s home region fell 15% to $1.9 billion, hurt by a planned cut in factory production of highly lucrative sport-utility models, such as the Chevrolet Suburban and Cadillac Escalade. GM suspended production of the SUVs at its factory in Arlington, Texas, to prepare the facility to make versions scheduled to go on sale next year.]