GM’s U.S. market share may rise for the fourth straight month in November

Article by Christian Andrei, on August 26, 2010

General Motors Co. is predicting an increase in its US market share and annual sales rate for the month of November. Mike DiGiovanni, executive director of global market and industry analysis, said that they expect GM's market share in the US to rise for the fourth consecutive month in November.

He also forecasts that the US industry's seasonally adjusted annual sales rate this month would approach or slightly exceed 11 million units.

GM emerged from bankruptcy in July and had then recorded an 18.9% share. In October, GM's share hit 21.1% and this month, the company expects a boost in demand.

DiGiovanni also disclosed that GM had posted its first year-over-year sales gain since January 2008, calling November "a solid month."

In August, the national sales rate hit its highest point at 13.7 million due to the Cash-for-Clunkers program but in October, GM recorded a very respectable 11.2 million rate.

According to the Automotive News Data Center, this only comes in second to the August figure.

GM's October calculation is actually lower than that of Automotive News but that is to be expected since calculations for seasonally adjusted annual sales rates differ by research group. GM provides total-vehicle sales rates, which are typically 200,000 to 300,000 units higher than light-vehicle demand. [via autonews]

Topics: gm, united states

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

More positive news has been pouring in before the year ends. For those who have been waiting to hear the latest word on Toyota 86, we have some great news....
by - December 10, 2016
Hyundai is making the green vehicle race more competitive by offering three powertrain types -- pure electric (EV), hybrid (EV plus combustion engine) and plug-in hybrid (PHEV) – in one...
by - December 9, 2016
Although specs for the new Renault Megane had already surfaced several weeks ago, we didn’t know that the company has cooked up something new. Aside from the 200hp gasoline, Renault‘s...
by - December 9, 2016
For the first time in fifty-eight years, Infiniti registers its first US-Spec Q60 Coupe in Cuba. American products have not been allowed entry into Cuba for six decades. But it...
by - December 9, 2016
Chevrolet has already given out the pricing for some of its 2018 Equinox models. Not only will the new Equinox be available in both the US and Canada, it is...
by - December 9, 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