GM Reports its Highest Monthly Sales since September 2008
OREANDA-NEWS. General Motors Co. (NYSE: GM) sold 252,894 vehicles in the United States in May, up 3 percent compared with a year ago. Retail sales increased 9 percent, fleet sales were down 10 percent and the fleet mix was 26 percent of total sales.
“Cadillac is growing faster than it has in almost 40 years, the pickup rebound is in full swing and we’re seeing strong retail demand for our crossovers” said Kurt McNeil, vice president of U.S. sales operations. “These are all powerful signs that the gradual recovery in the economy is becoming more broad-based. That’s great news for the auto industry and General Motors.”
GM’s trucks sales were up 15 percent versus a year ago, including a 23 percent increase for large pickups and a 30 percent increase for large SUVs.
Crossover sales were up 3 percent. Compact crossover sales were up 10 percent and set a monthly record behind the Chevrolet Equinox, which had its best month ever. The Equinox has now posted 17 consecutive monthly sales increases.
Retail passenger car sales were up 2 percent while total sales were down 6 percent. Lower fleet sales were due primarily to the timing of customer deliveries.
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