GM posted an 8 percent increase in July 2011 sales

Article by Christian Andrei, on August 2, 2011

The July 2011 sales of General Motors were 8% higher than in July 2010, boosted by the demand for crossovers and small, fuel-efficient vehicles. GM announced that last month, its passenger car sales increased by 8% while crossover demand surged by 20%.

The combined retail sales of the GMC Terrain and Chevrolet Equinox crossovers increased by 73%. July marks the fourth straight month that sales of the Chevrolet Cruze surpassed 20,000 units.

Last month, more than 24,000 Cruze models were sold. GM said that sales of GM's large pickups fell by 3% compared to last year but it did grow by 2% from June. GMC set the pace for all GM brands with a 37% increase in July sales.

Cadillac had been the sole GM division that had its sales fall last month. It’s predicted that the demand in the auto industry for the month of August will be light. According to the analysts surveyed by Bloomberg, the average seasonally adjusted sales rate was 11.9 million, the third consecutive month that figures dropped below 12 million.

U.S. sales of light vehicles increased by 13% this year through June as demand fell in the past few months due to supply shortages that resulted from the March 11 earthquake in Japan, a steep drop in incentives, unstable fuel prices and the slow economy.

Don Johnson, head of U.S. sales for GM, said that people delay buying a vehicle due to uncertainties surrounding the economy, fuel prices, and vehicle availability. He believes as more buyers will go back to the market as these conditions are expected to improve.

Topics: gm

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

In Japan, Toyota stays in the limelight by always cooking up something new for its famous 86 sports car. A colour orange Toyota 86 performance edition is one that’s hard...
by - December 4, 2016
Back in 2009, Nissan first introduced the Nissan Leaf, the company’s first all-electric vehicle. LEAF stands for Leading Environmentally-friendly Affordable Family car and this particular EV has been considered as...
by - December 3, 2016
In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries