GM Sales Up 14% Last Month

By Patrick Cooper Posted in Car Insurance News

In an industry that has been suffering, General Motors (NYSE:GM) saw a sales increase of 14 percent in January, 2010. Other auto makers, such as Toyota, continued operating in the red. Toyota’s sales dipped 16 percent. Part of GM’s success came from fleet sales. These soared 225 percent. GM noted that this contributed about 30 percent to their overall January sales. GM sold a total of 146,825 during the first month of the year. These were all from its four core brands.

GM Is Optimistic – Increases Estimates For 2010 Sales

GM’s Sales Analyst, Mike DiGiovanni said these are signs of recovery. As a result GM raised their estimates for sales for 2010 from a low of 11 million to 11.5 million. He said that GM is more optimistic. Last year GM had total sales of 10.4 million. DiGiovanni said, “Global economic recovery is picking up pace.”

The GMC Acadia Leads The Way

The leader in January sales, for GM, was the GMC Acadia. This crossover showed an overwhelming sales increase of 68.9 percent from the same month a year earlier. January saw sales of 5460 Acadias compared to 3,233 a year before. The Buick Enclave was another winner. Sales for the Enclave spiked up 50.3 percent.

Buick, GMC, And Chevrolet Lead The Way

Three of GM’s core brands, the Buick, GMC, and Chevrolet posted sales increases of 44 percent, 11 percent, and 36 percent. While GM’s Chevrolet showed a high percentage increase in sales the trucks showed a decline. However, the Cobalt made up for it sales soaring up 150 percent. The Impala was also strong with gains of 55 percent. Malibu was another of the Chevrolet strengths showing a 76.5 percent increase in sales. Buick showed solid gains of 50 percent with the Enclave SUV; however, the LaCrosse zoomed up 185 percent in sales.

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