GM U.S. October sales rise 4.1 percent

[TomCADem]

Source: Reuters

DETROIT, Nov 3 (Reuters) - General Motors Co on Tuesday posted a 4 percent U.S. sales increase for October, its first year-over-year gain since January 2008, and said the U.S. economy and car industry were showing signs of recovery.

GM said total sales rose to 177,603 vehicles in October from 170,585 a year earlier, with its Chevrolet, Cadillac, GMC and Buick brands accounting for about 95 percent of the automaker's retail sales.

The automaker, which emerged from a government-funded bankruptcy in July, said the U.S. auto industry's annualized sales for the month of October would be the strongest month since November 2008 excluding July and August, which were supported by government "cash for clunkers" incentives.

Read more: http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSN0351005220091103

[LisaM]

1. Hoo-ray!

Buy American!

[kestrel91316]

3. Sadly, if I buy American it will be Ford for their Focus and NOT GM.

[LisaM]

5. I was in the veterinarian office a few months ago reading a car magazine

the article was comparing hybrids, and rated the GM product the best (I don't remember what it was offhand but could probably find it).

[Kahuna]

2. I wonder how many unrecs this good news will get. nt

[girl gone mad]

7. I won't unrec, but it would be nice to see honesty instead of hype.

While they beat estimates and I understand that "less bad" is the new "good", on a straight sales day comparison, sales were flat. And that's with huge declines from one of their biggest domestic competitors.

[Robb]

4. Of course, that number they're up 4% from

...was 45% off the previous year.

[girl gone mad]

6. Chrysler fell 30.4%

Ford and GM did not adjust for the extra day in 2009. Adjusted, GM's number is a .4% increase. Ford's adjusted number is a .6% decline.

Not quite as rosy as this article indicates, but not as bad as expected.

[FarCenter]

8. GM sales increases were driven by light trucks; their cars fared badly

                      Oct         Oct          %
                      2009        2008        Change
GM - cars            63,636      71,807        -11.4 
GM - light trucks   112,483      94,937         18.5 

Ford - cars          45,225      40,854         10.7 
Ford - light trucks  86,921      87,677         -0.9 

Chrysler - cars      17,556      24,957        -29.7 
Chrysler - trucks    48,247      69,573        -30.7 

Toyota - cars        95,610      94,236          1.5 
Toyota - trucks      56,555      57,865         -2.3 

Honda - cars         49,502      51,400         -3.7 
Honda - trucks       36,000      34,464          4.5 

Nissan - cars        39,743      39,052          1.8
Nissan - trucks      20,372      17,893         13.9 

Hyundai - cars       23,192      14,878         55.9 
Hyundai - trucks      7,813       5,942         31.5 

[TomCADem]

10. BUT, The Camaro Out-Sold The Ford Mustang!

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Is beating:

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[Blue_Tires]

9. product is king...

never forget