GM Automobile Sales at Five-Year High

Automaker General Motors Co. (NYSE: GM) said today that June automobile sales rose 6.5% this year, compared with June of 2012. The company sold a total of 264,843 vehicles in June, more than 29,000 higher than total June sales at Ford Motor Co. (NYSE: F), which reported sales earlier today.

Auto industry website Edmunds.com expects sales from all automakers to rise by about 6.5% month over month to a seasonally adjusted annual rate of 15.4 million vehicles.

GM's Cadillac division posted a sales jump of 33.2% year over year, and Chevrolet sales of mini, small and compact cars rose 66%.

Year to date, GM's total sales are up 8% and retail sales are up 10.6%. Fleet sales are down 4.7% month over month and 1.7% year to date.

At Toyota Motor Corp. (NYSE: TM), U.S. sales rose 14% year over year in June to 195,235 vehicles, down from May's total of 207,952. The carmaker also noted that it has now sold 10 million of its Camry models in the United States, accounting for nearly 20% of the company's total sales in the 30 years Toyota has sold cars in the U.S.

Filed under: Autos Tagged: F, GM, TM