Opel, Vauxhall sales are 8.2 percent higher in the first half of the year
By Andrew, 06 Jul, 2011. 0 Comments
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Opel and Vauxhall’s sales in the first half of this year are 8.2 percent higher than in the same period last year, thanks to the strong demand in its German home market. Specifically, the company, which is the European brand of the U.S.-based vehicle manufacturer General Motors Co., saw an increase in unit sales for the first six months of 17 percent to 138,000 units in Germany. According to a vehicle industry group, further market growth was set in Germany’s car market in the second half of 2011 after a 10 percent increase in unit sales in June.
This positive forecast, however, is in contrast with other western markets. Last month, GM Europe’s President Nick Reilly revealed that Opel was on track with its target for the second quarter after making money in the first quarter. Reilly also disclosed that General Motors was "very satisfied" with the progress in Opel’s restructuring after speculation had surfaced that GM was looking to sell Opel after all.
In 2009, GM dismissed plans to spin off Opel after months of negotiations to sell it, making a drastic revamp to get the European unit back on track after losing $1.6 billion last year. At GM's shareholder meeting in June, CEO Daniel Akerson stated that while Chevrolet and Cadillac would be developed as international brands, Opel and its British sister brand Vauxhall would still be regional brands.
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