General Motors Posts 16 Percent U.S. Sales Growth In January

General Motors Posts 16 Percent U.S. Sales Growth In January

General Motors Company (NYSE:GM) said its sales in the United States increased by 16 percent to 194,600 vehicles in January, compared with its results last year.  According to the car manufacturer, its retail sales also rose by 24 percent to 145,617 vehicles.

General Motors Posts 16 Percent U.S. Sales Growth In January

Kurt McNeil, vice president of U.S. sales operations for GM said,  “The year is off to a very good start for General Motors. There’s a sense of optimism among our dealers that only comes when you pair a growing economy with great new products. We started to see the benefits in 2012 with vehicles like the Chevrolet Sonic, Cadillac ATS and Buick Verano. Now in 2013, we’re entering the sweet spot of our product plan in a growing economy.”

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In January, General Motors Company (NYSE:GM) said its total sales for Cadillac experienced the highest sales growth (47 percent) in 23 years after selling 13,116 vehicles. The ATS was recognized as the 2013 American Car of the Year.

According to the company, year-over-year sales for Buick climbed by 32 percent, GMC increased by 23 percent, and Chevrolet rose by 11 percent. During the month, GM sold 13,463 Buick, 30,816 GMC and 137,304 Chevrolet. The company’s best-selling Buick cars were the redesigned Enclave crossover and the all-new Verano.

GM’s sales for full-size pick-ups increased by 32 percent to 50,230 units and the combined sales for its Chevrolet mini, small, and compact cars were up by 18 percent. The car manufacturer said its inventories are in line with its sales and production plans for 2012.

According to the GM, its Chevrolet will launch the all-new Impala, SS, Silverado, and Corvette this year. It will also introduce the Cruze diesel and Spark EV. Buick will launch the Encore small crossover and the redesigned regal and La Crosse, GMC will introduce the all-new Sierra, and Cadillac will launch the all-new CTS.

Last year, General Motors Company (NYSE:GM) lost its position as the world’s largest automaker, after Toyota Motor Corporation (NYSE:TM) surpassed its sales record. Toyota sold 9.7 million vehicles, while GM sold 9.2 million vehicles in 2012.  Toyota’s recorded a 22 percent sales growth last year, driven by the latest version of its Camry, while GM only posted 2.9 percent sales growth.

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