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General Motors (GM) U.S. Sales Up 3 Pct In November

 December 03, 2012 10:32 AM
 


(By Balachander) General Motors Co. (NYSE: GM) posted a 3.4 percent rise in U.S. sales for November, its highest sales for the month since 2007 amid strong car and crossover sales.

The Detroit, Michigan-based auto giant reported sales of 186,505 vehicles in the United States last month.

Chevrolet passenger car sales were flat at 128,867 units. Sales of GMC rose 1.2 percent, while Buick and Cadillac sales jumped 22.1 percent and 30.3 percent, respectively due to new products.

Passenger car sales grew 19 percent and Crossovers sales increased 9 percent. Meanwhile, truck sales declined 11 percent, GM said.

[Related -Ford Motor Company (F): What To Watch In Q4 Results?]

"Sales at Cadillac and Buick are benefiting from the buzz generated by new products, including the Buick Verano, Cadillac XTS and Cadillac ATS," GM said.

Separately, Ford Motor Co. (NYSE: F) said U.S. sales rose 6 percent last month to 177,673 vehicles. Small car sales surged 76 percent. Ford plans to build 750,000 vehicles in the first quarter, up 11 percent from the same period in 2012.

Meanwhile, Chrysler reported a 14 percent growth in U.S. sales for the month of September to 122,565 units.

GM shares shed 0.15 percent to trade at $25.84 on Monday, while Ford shares gained 1.30 percent to trade at $11.60.

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