China is also a mainstay for General Motors. GM was the first foreign-based automaker to sell more than 1 million units in a year in 2007. GM expects to sell more than 1.5 million units in China in 2009.
"This has been a year of records for GM in China," said Kevin Wale, president and managing director of the GM China Group. Buick is GM's leading brand in China.
A CSM forecast said Chinese light-vehicle production should be about 10. 7 million in 2009, compared with about 8.6 million in North America. In 2010, Chinese production should again top North America, by about 11.1 million to about 10.5 million, according to CSM.
Assuming demand continues to recover in North America, North America should revert back to outbuilding China until 2015. That's as far out as CSM's publicly available forecast goes. Beyond that, China again starts to outproduce North America, CSM said.
Over the long run, auto sales in China have a lot more room to grow than a mature market like North America. Through 2015, CSM expects the rate of growth in China to slow to a more sustainable pace, after a volatile start to this decade.