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General Motors September U.S. Vehicle Sales Up Slightly
General Motors reported September U.S. vehicle sales of 210,245 vehicles, an increase of 1.5% compared year-over-year to September 2011 in an industry that grew by 14.5%. GM sales executives, looking for a bright spot, said that passenger car sales increased to 89,000 from 69,000 for September, or +29%, compared to an industry gain of +23.5%. All GM brands increased their retail sales in what was another tough month for the U.S.’s largest automaker. The largest U.S. automaker now unquestionably has a better sales mix with calendar year-to-date sales of 813,000 cars, 678,000 trucks and 478,000 crossover vehicles. GM sales year-to-date are up 3.4% in an industry that recovered at four times that rate, though. The tepid or turn-around GM sales – choose your interpretation – GM are the sum of a complex three-dimensional game, which attempts to balance profits, capacity, competitive actions and momentum, with still badly needed brand rebuilding. Continue reading
Posted in auto news, news analysis, results, sales
Tagged auto bailout, auto informed, autoinformed.com, automotive news, gm results, Ken Zino, results, truck sales
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