GM logged a 0.5-percent surge in global sales in the second quarter of 2014

Article by Andrew Christian, on July 18, 2014

General Motors Co. logged a 0.5-percent surge in global sales to 2.51 million in the second quarter of 2014, as well as 1.4-percent gain in worldwide deliveries in the first six months of the year to 4.92 million cars and trucks. The carmaker’s higher sales figures in the United States and China helped counter slumps in Europe, South America and other foreign markets.

GM chief executive Mary Barra said in a statement that the carmaker did well in the world's two largest and most profitable vehicle markets, helping it grow despite very challenging market conditions in of South America, Asia and Eastern Europe.

The positive results mean that consumers still believe in GM vehicles despite a number of investigations launched over the carmaker’s alleged slow response to defective ignition switches tied to at least 13 deaths.

GM posted a 6.7-percent surge in sales in the US in the second quarter of 2014, buoying its sales results in North America by 5.6 percent gain. GM has so far recalled nearly 29 million vehicles in North America as a result of intensified review of potential safety issues.

GM was the largest carmaker in the world in 2011 but has dropped to No. 3 in 2013, edged out by Toyota and Volkswagen AG. VW displaced GM as the No. 2 largest carmaker globally in 2013 after selling 9.73 million vehicles, compared to the US carmaker’s 9.71 million units sold in the year.

VW has disclosed that it posted a 5.9-percent rise in global sales in the first half of 2014 to 4.97 million, even outselling GM in China. VW posted an 18-percent jump in sales in China, including Hong Kong, to over 1.8 million vehicles, while GM logged an 11-percent climb to 1.73 million units.

Topics: gm, sales

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