GM Breaks 21 Month Losing Streak; Sales up 4% in October
In its first year-over-year sales increase since January 2008, GM posted a 4% increase in October, and estimates a 21% market share. The four core brands (Chevrolet, Buick, GMC, Cadillac), which now account for 95% of GM sales, were up 11.6%. Year-to-date totals are down 34%.
Cadillac led the way with a 22% increase, reflecting a 280% increase of the new SRX. CTS was down 27%; STS: -44%; DTS: +19%.
GMC had the second highest increase, with a 20% increase. Terrain: +85%; Sierra: +6%; Acadia: +7%; Yukon/Yukon XL: +72%
Buick came in with a 19% increase, led by LaCrosse, beating its last year’s sales by 103%. Enclave: 38%; Lucerne: -28%
Chevrolet brought up the rear, with a 9% increase. Aveo is still lagging, down 54%. Impala also dragged, down 43%. Malibu was up 11%. Camaro sold just over 8k units, continuing its lead in the pony car field. The new Equinox was up 177%; Colorado: -32%; Traverse sold over 9k units. Silverado pickups held even; Tahoe: +111%; Suburban: +72%.
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gee Mikey does your friend own a boat as well? then he would have completed the trifecta of really expensive toys. (whoops I missed the house in Florida).
mikey, The number of truly wealthy people who buy Yukons is fairly small... Yukon sales are derived from leasing and loans and go to people who ought to be saving their money. Too many people are p!ss!ng away money they don't have on things they don't need and which don't offer good value in return. That's a big part of how we got into the current mess and more Yukon sales are not a hopeful sign for the future. Yukon sales, by the way, are basically a promissory note for expanded future gasoline purchases (written, unfortunately, in gallons not a fixed dollar amount) to foreign oil producers.