Join        Login             Stock Quote

General Motors (GM) U.S. Sales Jump 16 Pct In January

 February 01, 2013 10:35 AM

(By Balachander) General Motors Co. (NYSE: GM) posted a 16 percent jump in U.S. sales for January amid strong Cadillac and crossover sales.

The Detroit, Michigan-based auto giant reported sales of 194,699 vehicles in the United States last month.

"The year is off to a very good start for General Motors," said Kurt McNeil, vice president of U.S. sales operations. "There's a sense of optimism among our dealers that only comes when you pair a growing economy with great new products."

Chevrolet and GMC sales rose 11 percent and 23 percent, respectively. Buick and Cadillac sales surged 32 percent and 47 percent.

[Related -United States Steel Corporation (X): Small Insider Buy, Big Rewards?]

Passenger car sales grew 12 percent and Crossovers sales increased 27 percent. Meanwhile, truck sales rose 13 percent.

Over the course of 2013, GM said Chevrolet will launch the all-new Impala, SS, Silverado and Corvette, as well as the Cruze diesel and Spark EV.

The company added that Buick is launching the Encore small crossover, followed by redesigns of the Regal and LaCrosse. GMC will launch an all-new Sierra. Cadillac will launch an all-new CTS.

Separately, Ford Motor Co. (NYSE: Fsaid U.S. sales climbed 22 percent last month to 166,501 vehicles, with Fusion and Escape posting January sales records. Small car sales jumped 29 percent. Sales of all-new Ford Fusion surged 65 percent.

[Related -Tesla Motors Inc (TSLA): How Tesla Fares Against Upcoming Electric Cars]

Meanwhile, Chrysler reported a 16 percent growth in U.S. sales for the month of December to 117,731 units, its best January since 2008.

GM shares rose 0.78 percent to trade at $28.31 on Friday, while Ford shares gained 0.46 percent to trade at $13.01.

iOnTheMarket Premium


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

rss feed

Latest Stories

article imageSavings Glut and Financial Imbalances

Martin Wolf in today's Financial Times discusses the reasons for low interest rates and suggests some read on...

article imageA Dividend Aristocrat Is Now On Sale

The bear market investors have been dreading is already here for many individual stocks. While the S&P 500 read on...

article imageTwo Picks to Play Defense in a Slowing Economy

Is the economy slowing? Last Thursday the Institute for Supply Management (ISM) reported that its read on...

article imageUS Jobless Claims Fall, Moving Closer To Multi-Decade Low… Again

US jobless claims continue to cast a positive glow on the outlook for the labor market. Today’s weekly 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.