General Motors Sees Record Sales For Third Year In A Row; Chinese Market Huge Driver of Sales

General Motors Company (NYSE: GM) reported its third consecutive year of record sales Thursday, with 9.8 million vehicles moved in 2015. The figure represents a 0.2 percent increase over 2014 sales.

Chinese sales in the luxury car market were a large factor in GM's success in 2015. Buick sales in China alone accounted for 12 percent of GM's total global sales, with 1.2 million units. Cadillac also saw an 8 percent increase over 2014's global sales with a strong foundation in the Chinese market, moving around 80,000 units.

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GM delivered 3.6 million vehicles in China in 2015.

GM's U.S. sales were up 5 percent for the year, supported by consumer demand for the Silverado pickup truck and GM's line of crossovers.

Chevrolet brand sales were up 5 percent for the year in the United States.

Image Credit: By Brian Snelson from Hockley, Essex, England (1949 Cadillac badge) [CC BY 2.0], via Wikimedia Commons