GM global sales rises 2% in first quarter of 2014

Article by Andrew Christian, on April 20, 2014

General Motors Co. posted a 2-percent rise in global vehicle sales in the first quarter of 2014 to 2,416,028 cars and trucks, as growth in China offset drops in the United States and Brazil, GM spokesman Jim Cain said in an e-mail to Bloomberg News. The carmaker outperformed the industry in China while sales of its Opel unit and the economic outlook in Europe are improving at the same time, President Dan Ammann said in a statement.

GM last held the global sales crown in 2011. In 2013, Toyota grabbed the throne for the second year in a row, with VW taking the No. 2 and GM sliding to No. 3. VW sold 6 percent more vehicles in the first quarter of 2014 to 2.4 million units. The number excludes results of its two truck units. VW’s 2013 sales figure of 9.73 million vehicles included deliveries from its MAN SE and Scania AB heavy-truck units.

GM sold 9.71 million vehicles in 2013. According to GM, its sales in the first quarter of 2014 sales in the US dropped by 2 percent to 649,637 vehicles and in Brazil by 3 percent to 136,912. The carmaker logged a 10-percent drop in sales in South America in the quarter. GM saw its quarterly sales in China surge 13 percent to 919,114 units and in Europe rise 1 percent to 337,545.

“We are very encouraged by our results in China, where we outperformed the industry, and in Europe, where Opel’s sales and the economic outlook are improving at the same time,” said GM President Dan Ammann. “We continue to be optimistic about the United States because our award-winning new products are performing well and we have more on the way. South America continues to be challenging for Chevrolet, where we face currency and other challenges, especially in Venezuela.” [source: GM]

Topics: gm, sales

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