Strong U.S, China Results Push GM's First Half Global Sales Up 4%
Though handicapped by continued sliding sales in the overall European market, GM announced today that global sales for the first 6 months of 2013 were up 4% over the comparable period last year.
The automaker said that it sold 4.85 million cars and light trucks, paced by a 7% increase in International Operations (1.57 million of the 1.92 million cars and trucks that unit sold were in China, where GM sales were up just under 11 percent) and in North America, where the markets continue to outperform Europe. After Toyota reports its sales, we’ll know who the biggest car company in the world is. Right now, GM is in first place ahead of the Volkswagen group’s 4.7 million units. North American sales for General Motors were up 7.7% to 1.64 million units, 1.43 million of which were in the company’s home market of the U.S. where sales were up 8% over 2012. Europe continues to be the weak man of the auto industry, where sales fell 6.5%, to 797,000 vehicles.