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

Article by Christian A., 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]

If you liked the article, share on:

Topics: gm, united states

Comments

Recommended

November 17 is considered a very special day for Tesla, as this is the day that they revealed the highly anticipated Tesla Semi. But Elon Musk did not think the...
by - November 17, 2017
More details have emerged about the new sixth generation of the BMW M3 just as the German premium practically announced the end of the current-gen 3 Series with the unveiling...
by - November 17, 2017
All is set for Volkswagen’s plans to enter the electric vehicle game, as prompted by the so-called Dieselgate scandal. In fact, the German carmaker has already made a commitment to...
by - November 17, 2017
As BMW has already revealed, the next generation of the BMW M5 (F90) is a four-wheel drive high-performance sedan with overwhelming power output and torque at its disposal. However, it...
by - November 17, 2017
McLaren unveiled a one-off Gold - on - Black 720S at the 2017 Dubai Motor Show which will be on display throughout the entire stretch of this week’s event. The...
by - November 16, 2017
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