General Motors' Sales Surge 14% in November
General Motors delivered extremely strong sales performance in November as sales were up 14% compared to last year, the company announced today. That makes it General Motors' best November performance in six years. Moreover, this was accomplished with stronger retail sales and a decline in fleet sales -- up 19% and down 3%, respectively.
The company says it sold more than 212,000 cars and trucks last month, up from nearly 187,000 a year ago. GM's increase outpaced crosstown rival Ford, which reported a 7% gain with 190,449 vehicles sold in November.
"November sales were strong at all four of our brands, and demand was robust for everything from cars to crossovers to the industry's newest and best full-size pickups," said Kurt McNeil, GM vice president, U.S. sales operations, in a press release. "The sheer number of award-winning new models we have helped us grow faster than the industry for the second month in a row."
General Motors' Chevrolet brand led the company in terms of sales volume, increasing 12.6% to 145,089 vehicles sold in November. GMC was the next largest driver of sales, coming in with a nearly 20% increase to 35,727 vehicles sold. Cadillac, which has seen tremendous growth this year of 25%, posted a still-strong 11.4% increase in November to 16,172 vehicles sold. Buick brought up the rear in terms of volume with 15,072 vehicles sold, good for a 13.4% increase over last November.
Full-size pickups continue to drive the majority of profits for Detroit automakers, and sales of the Silverado and Sierra were up 12% and 22%, respectively. Going forward, auto companies expect to benefit as the economy gradually improves and credit is easily available and affordable.
-- Material from The Associated Press was used in this report.
The article General Motors' Sales Surge 14% in November originally appeared on Fool.com.Fool contributor Daniel Miller owns shares of Ford and General Motors. The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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