Join        Login             Stock Quote

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.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageEmerging-Markets Stocks Took The Lead Last Week

Emerging-markets equities enjoyed a solid rise last week among the major asset classes, based on a set of read on...

article imageDoes Your Latest Investment Pass This Test?

On Wednesday, I sounded the alarm about the problems looming for some consumer staples stocks. In short, read on...

article imageIs The Slump In US Manufacturing Easing?

Yesterday’s November survey data from the Philadelphia Fed hints at the possibility that a stronger trend read on...

article imageMarket Potentially Facing Near Term Technical Headwinds

After the S&P 500 Index pullback on Thursday and Friday last week, the market's advance on Monday and read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.